Intech Investment Management LLC Boosts Holdings in Dell Technologies Inc. (NYSE:DELL)

Intech Investment Management LLC lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 4.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,282 shares of the technology company’s stock after buying an additional 824 shares during the period. Intech Investment Management LLC’s holdings in Dell Technologies were worth $2,222,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies in the 4th quarter valued at $28,000. True Wealth Design LLC grew its position in shares of Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. Versant Capital Management Inc grew its position in shares of Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in shares of Dell Technologies in the 4th quarter valued at $37,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 0.0 %

Shares of DELL opened at $98.75 on Friday. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The firm has a market capitalization of $69.17 billion, a P/E ratio of 17.45, a PEG ratio of 1.10 and a beta of 0.83. The firm’s 50-day moving average is $105.93 and its two-hundred day moving average is $116.69.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.13%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is 33.76%.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research reports. Citigroup lowered their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Mizuho lowered their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 27th. The Goldman Sachs Group lowered their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Morgan Stanley lowered their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock valued at $100,327,453 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).