Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Bessemer Group Inc.

Bessemer Group Inc. grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 7.5% during the fourth quarter, HoldingsChannel reports. The firm owned 15,341 shares of the technology company’s stock after buying an additional 1,064 shares during the period. Bessemer Group Inc.’s holdings in Dell Technologies were worth $1,767,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DELL. Norges Bank purchased a new position in Dell Technologies in the 4th quarter worth approximately $455,029,000. Vanguard Group Inc. boosted its stake in shares of Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Swedbank AB grew its holdings in Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock valued at $219,084,000 after purchasing an additional 1,690,709 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Dell Technologies by 63.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after buying an additional 1,139,318 shares during the period. Finally, Franklin Resources Inc. lifted its holdings in Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after buying an additional 1,002,117 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of analyst reports. Citigroup dropped their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Bank of America cut their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research 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 report on Thursday, February 13th. Barclays upped their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. 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 research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, 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 position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their position. The disclosure for this sale can be found here. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Up 3.8 %

Shares of Dell Technologies stock opened at $81.96 on Monday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The stock has a market capitalization of $57.19 billion, a price-to-earnings ratio of 14.48, a PEG ratio of 1.10 and a beta of 0.94. The business’s 50 day simple moving average is $98.16 and its 200-day simple moving average is $113.31.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.56%. Dell Technologies’s payout ratio 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).