AIA Group Ltd Acquires New Position in Dell Technologies Inc. (NYSE:DELL)

AIA Group Ltd purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, Holdings Channel.com reports. The fund purchased 16,636 shares of the technology company’s stock, valued at approximately $1,917,000.

Other hedge funds have also modified their holdings of the company. Brandywine Global Investment Management LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth about $20,592,000. CIBC Private Wealth Group LLC grew its holdings in Dell Technologies by 1.6% during the 4th quarter. CIBC Private Wealth Group LLC now owns 623,439 shares of the technology company’s stock valued at $74,383,000 after buying an additional 9,826 shares in the last quarter. IPG Investment Advisors LLC raised its position in shares of Dell Technologies by 31.7% during the fourth quarter. IPG Investment Advisors LLC now owns 18,300 shares of the technology company’s stock valued at $2,109,000 after buying an additional 4,400 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of Dell Technologies by 21.4% in the fourth quarter. Schroder Investment Management Group now owns 203,192 shares of the technology company’s stock worth $23,331,000 after buying an additional 35,820 shares in the last quarter. Finally, Allianz SE bought a new position in shares of Dell Technologies during the fourth quarter worth $1,542,000. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $91.15 on Tuesday. 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 $63.85 billion, a price-to-earnings ratio of 16.10, a PEG ratio of 1.10 and a beta of 0.83. The firm’s 50-day moving average is $103.94 and its two-hundred day moving average is $116.19.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.30%. Dell Technologies’s payout ratio is 33.76%.

Analyst Upgrades and Downgrades

DELL has been the topic of several research analyst reports. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. The Goldman Sachs Group dropped their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Citigroup decreased their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Wells Fargo & Company cut their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, Barclays upped their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Insiders Place Their Bets

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 824,937 shares of company stock worth $100,327,453 over the last 90 days. Company insiders own 46.70% of the company’s stock.

Dell Technologies 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).