Dell Technologies Inc. (NYSE:DELL) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 13.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,927 shares of the technology company’s stock after selling 1,777 shares during the quarter. Plato Investment Management Ltd’s holdings in Dell Technologies were worth $1,379,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Byrne Asset Management LLC acquired a new stake in Dell Technologies during the 4th quarter valued at $28,000. True Wealth Design LLC grew 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 valued at $31,000 after buying an additional 253 shares during the last quarter. Covestor Ltd grew its holdings in Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares during the last quarter. Versant Capital Management Inc boosted 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 last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth $37,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on DELL shares. Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Morgan Stanley decreased their price objective on 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 Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Barclays raised 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. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $144.47.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction dated Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the sale, the director now directly owns 777,347 shares of the company’s stock, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 929,407 shares of company stock valued at $113,411,626. 46.70% of the stock is currently owned by insiders.

Dell Technologies Price Performance

NYSE:DELL opened at $95.55 on Tuesday. The business’s 50-day moving average is $112.10 and its two-hundred day moving average is $118.30. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70. The firm has a market capitalization of $66.93 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

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 given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.20%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 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).