Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Mizuho Securities USA LLC

Mizuho Securities USA LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 56.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,112 shares of the technology company’s stock after purchasing an additional 10,458 shares during the quarter. Mizuho Securities USA LLC’s holdings in Dell Technologies were worth $3,355,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in DELL. Optimist Retirement Group LLC raised its position in shares of Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after purchasing an additional 463 shares during the period. Thrivent Financial for Lutherans raised its position in shares of Dell Technologies by 529.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock worth $1,661,000 after purchasing an additional 11,783 shares during the period. Quest Partners LLC raised its position in shares of Dell Technologies by 17.0% during the 3rd quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock worth $164,000 after purchasing an additional 201 shares during the period. Pathstone Holdings LLC raised its position in shares of Dell Technologies by 3.7% during the 3rd quarter. Pathstone Holdings LLC now owns 32,078 shares of the technology company’s stock worth $3,803,000 after purchasing an additional 1,136 shares during the period. Finally, PNC Financial Services Group Inc. grew its holdings in Dell Technologies by 29.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 49,071 shares of the technology company’s stock worth $5,817,000 after buying an additional 11,189 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Down 1.3 %

DELL opened at $97.62 on Monday. The business has a fifty day simple moving average of $105.59 and a 200-day simple moving average of $116.66. The firm has a market cap of $68.38 billion, a PE ratio of 17.25, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.15%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 824,937 shares of company stock worth $100,327,453 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on DELL shares. Barclays increased their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Bank of America decreased their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. The Goldman Sachs Group decreased their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Finally, Loop Capital decreased their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

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).