DnB Asset Management AS Grows Holdings in Dell Technologies Inc. (NYSE:DELL)

DnB Asset Management AS raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 10.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 83,288 shares of the technology company’s stock after purchasing an additional 7,893 shares during the period. DnB Asset Management AS’s holdings in Dell Technologies were worth $9,598,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vision Financial Markets LLC bought a new position in Dell Technologies in the 4th quarter worth $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies in the fourth quarter valued at about $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $28,000. True Wealth Design LLC grew its position in shares of Dell Technologies by 2,530.0% during the third 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. Finally, Versant Capital Management Inc lifted its holdings in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Performance

NYSE DELL opened at $92.35 on Friday. The company’s 50-day simple moving average is $104.31 and its two-hundred day simple moving average is $116.28. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70. The company has a market capitalization of $64.68 billion, a price-to-earnings ratio of 16.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.27%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insider Activity

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s 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 transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s 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 completion of the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of research analyst reports. The Goldman Sachs Group cut their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Bank of America reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. UBS Group dropped their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Loop Capital decreased their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Company 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).