Legal & General Group Plc Sells 650,112 Shares of Dell Technologies Inc. (NYSE:DELL)

Legal & General Group Plc lowered its position in shares of Dell Technologies Inc. (NYSE:DELL) by 24.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,049,643 shares of the technology company’s stock after selling 650,112 shares during the period. Legal & General Group Plc owned about 0.29% of Dell Technologies worth $236,201,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DELL. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at $28,000. Versant Capital Management Inc lifted 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 worth $36,000 after purchasing an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Dell Technologies in the fourth quarter worth $37,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of a number of analyst reports. Wells Fargo & Company reduced their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. JPMorgan Chase & Co. decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Morgan Stanley reduced their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Bank of America lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Barclays increased their price target on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $72.45 on Wednesday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The stock has a market capitalization of $50.56 billion, a P/E ratio of 12.80, a P/E/G ratio of 1.10 and a beta of 0.94. The company has a 50-day moving average price of $99.80 and a 200-day moving average price of $114.38.

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 dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s payout ratio is currently 33.76%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. 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 directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was 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 directly owns 37,948 shares of the company’s stock, valued at $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. Corporate insiders own 46.70% of the company’s stock.

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).