US Bancorp DE Increases Position in Dell Technologies Inc. (NYSE:DELL)

US Bancorp DE increased its stake in Dell Technologies Inc. (NYSE:DELL) by 10.8% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 32,954 shares of the technology company’s stock after acquiring an additional 3,224 shares during the period. US Bancorp DE’s holdings in Dell Technologies were worth $3,798,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY purchased a new position in Dell Technologies in the fourth quarter worth $1,272,000. iA Global Asset Management Inc. boosted its position in Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after buying an additional 5,203 shares during the period. National Pension Service boosted its position in Dell Technologies by 8.8% during the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after buying an additional 50,304 shares during the period. Sky Investment Group LLC purchased a new stake in Dell Technologies during the fourth quarter valued at about $1,687,000. Finally, Enclave Advisors LLC purchased a new stake in Dell Technologies during the fourth quarter valued at about $848,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies 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 completion of the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction 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 Monday, December 16th. 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 $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 929,407 shares of company stock worth $113,411,626 over the last three months. Company insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

DELL has been the subject of several analyst reports. Evercore ISI restated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. The Goldman Sachs Group cut their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday. Bank of America cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Loop Capital dropped their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday. Finally, Wells Fargo & Company dropped 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. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Price Performance

Shares of DELL opened at $97.31 on Thursday. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70. The company has a 50-day simple moving average of $111.17 and a two-hundred day simple moving average of $118.04. The firm has a market capitalization of $68.16 billion, a PE ratio of 17.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The business also recently disclosed 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. The ex-dividend date 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 yield of 2.16%. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

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).