Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC raised its position in Dell Technologies Inc. (NYSE:DELL) by 8.7% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 6,870,042 shares of the technology company’s stock after buying an additional 552,213 shares during the quarter. Geode Capital Management LLC’s holdings in Dell Technologies were worth $789,680,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of DELL. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies during the fourth quarter worth about $1,272,000. iA Global Asset Management Inc. increased its position in Dell Technologies by 84.7% during the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the period. Sky Investment Group LLC purchased a new position in shares of Dell Technologies during the 4th quarter worth approximately $1,687,000. Enclave Advisors LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $848,000. Finally, Empowered Funds LLC boosted its stake in shares of Dell Technologies by 12.9% in the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after buying an additional 3,470 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated 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. This represents a 38.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 825,863 shares of company stock worth $100,413,839 over the last quarter. 46.70% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Dell Technologies stock opened at $95.32 on Thursday. The firm’s 50-day moving average is $103.15 and its two-hundred day moving average is $115.88. The stock has a market capitalization of $66.77 billion, a P/E ratio of 16.84, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70.

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 paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is currently 33.76%.

Analysts Set New Price Targets

DELL has been the subject of a number of recent analyst reports. TD Cowen reduced their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Loop Capital decreased their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. Citigroup dropped their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. The Goldman Sachs Group decreased their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Finally, Wells Fargo & Company dropped their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Three investment 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, the company has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

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).