Federated Hermes Inc. Boosts Stock Position in Dell Technologies Inc. (NYSE:DELL)

Federated Hermes Inc. grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 25.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 866,011 shares of the technology company’s stock after purchasing an additional 177,539 shares during the period. Federated Hermes Inc.’s holdings in Dell Technologies were worth $99,799,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Vision Financial Markets LLC acquired a new position in Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired 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. Versant Capital Management Inc raised its stake in Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares in the last quarter. Finally, Stonebridge Financial Group LLC acquired a new position in Dell Technologies in the fourth quarter valued at $37,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on DELL. UBS Group cut their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. Citigroup reduced their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Bank of America cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Morgan Stanley decreased their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Finally, Barclays lifted their price objective 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 investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Trading Down 7.3 %

DELL stock opened at $71.57 on Monday. Dell Technologies Inc. has a 52 week low of $64.92 and a 52 week high of $179.70. The company has a market cap of $49.94 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.10 and a beta of 0.94. The company’s 50-day moving average price is $101.57 and its 200 day moving average price is $115.29.

Dell Technologies Increases Dividend

The company 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. This represents a $2.10 annualized dividend and a yield of 2.93%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insiders Place Their Bets

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 500,696 shares of company stock worth $59,924,044. 46.70% of the stock is owned by corporate insiders.

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).