Arjuna Capital Takes Position in Dell Technologies Inc. (NYSE:DELL)

Arjuna Capital acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 3,502 shares of the technology company’s stock, valued at approximately $404,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Vision Financial Markets LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the 4th quarter valued at about $28,000. True Wealth Design LLC increased its holdings in Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares in the last quarter. Covestor Ltd raised its stake in shares of Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after purchasing an additional 218 shares during the last quarter. Finally, Versant Capital Management Inc lifted its holdings in shares of Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on DELL. Wells Fargo & Company cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Morgan Stanley cut their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Citigroup decreased their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. TD Cowen cut their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s 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 owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, 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. Insiders have sold 825,662 shares of company stock valued at $100,414,453 in the last 90 days. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Stock Down 1.8 %

Shares of NYSE:DELL opened at $91.37 on Friday. The firm has a market capitalization of $64.00 billion, a PE ratio of 16.14, a P/E/G ratio of 1.10 and a beta of 0.83. The company has a 50-day moving average price of $110.13 and a two-hundred day moving average price of $117.72. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70.

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 issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. 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 2.30%. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

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).