KLP Kapitalforvaltning AS Invests $13.14 Million in Dell Technologies Inc. (NYSE:DELL)

KLP Kapitalforvaltning AS acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 114,000 shares of the technology company’s stock, valued at approximately $13,137,000.

A number of other hedge funds also recently made changes to their positions in DELL. Vision Financial Markets LLC bought a new stake in Dell Technologies in the fourth quarter worth approximately $26,000. Lee Danner & Bass Inc. bought a new stake in Dell Technologies in the fourth quarter worth approximately $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $28,000. True Wealth Design LLC increased its holdings in shares of Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Trading Down 1.3 %

DELL stock opened at $97.62 on Monday. The stock’s fifty day simple moving average is $105.59 and its two-hundred day simple moving average is $116.66. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70. The stock has a market cap of $68.38 billion, a P/E ratio of 17.25, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.15%. Dell Technologies’s payout ratio is presently 33.76%.

Insider Buying and Selling at Dell Technologies

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

Analyst Ratings Changes

Several equities research analysts have recently commented on DELL shares. The Goldman Sachs Group decreased their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. UBS Group decreased their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Barclays lifted their target price on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, Citigroup cut their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Company Profile

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).