Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 1,229.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 69,102 shares of the technology company’s stock after buying an additional 63,905 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Dell Technologies were worth $5,286,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Anchor Investment Management LLC purchased a new stake in Dell Technologies in the 4th quarter valued at $26,000. Pinnacle Bancorp Inc. raised its holdings in shares of Dell Technologies by 96.9% in the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after buying an additional 188 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of Dell Technologies by 454.5% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock worth $37,000 after buying an additional 400 shares during the period. Brown Brothers Harriman & Co. purchased a new position in shares of Dell Technologies during the first quarter worth about $27,000. Finally, Castleview Partners LLC acquired a new position in Dell Technologies in the 3rd quarter valued at about $39,000. 38.10% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the transaction, the general counsel now owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Dell Technologies news, General Counsel Richard J. Rothberg sold 93,954 shares of the company’s stock in a transaction dated Monday, April 8th. The shares were sold at an average price of $132.95, for a total value of $12,491,184.30. Following the transaction, the general counsel now directly owns 86,836 shares in the company, valued at approximately $11,544,846.20. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the sale, the director now owns 535,816 shares of the company’s stock, valued at $71,997,595.92. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,382,204 shares of company stock valued at $718,452,037. 48.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DELL shares. Barclays lifted their target price on Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. Sanford C. Bernstein boosted their price objective on shares of Dell Technologies from $90.00 to $120.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Wells Fargo & Company raised their target price on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. The Goldman Sachs Group boosted their price target on shares of Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Morgan Stanley raised their price objective on shares of Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a research report on Friday, March 1st. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $102.88.

Dell Technologies Stock Performance

DELL opened at $118.38 on Friday. The company has a market cap of $84.50 billion, a price-to-earnings ratio of 27.09, a PEG ratio of 1.53 and a beta of 0.92. Dell Technologies Inc. has a one year low of $41.47 and a one year high of $136.16. The business’s fifty day moving average is $108.37 and its two-hundred day moving average is $85.89.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, beating analysts’ consensus estimates of $1.73 by $0.47. The firm had revenue of $22.32 billion for the quarter, compared to analysts’ expectations of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The firm’s revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the company earned $1.55 EPS. On average, analysts predict that Dell Technologies Inc. will post 6.58 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.37. This represents a $1.78 annualized dividend and a dividend yield of 1.50%. The ex-dividend date of this dividend is Monday, April 22nd. Dell Technologies’s payout ratio is currently 33.87%.

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).