Nuveen Asset Management LLC Buys 585,344 Shares of Dell Technologies Inc. (NYSE:DELL)

Nuveen Asset Management LLC boosted its position in Dell Technologies Inc. (NYSE:DELL) by 38.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,092,295 shares of the technology company’s stock after buying an additional 585,344 shares during the quarter. Nuveen Asset Management LLC’s holdings in Dell Technologies were worth $241,116,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Bellwether Advisors LLC purchased a new position in shares of Dell Technologies in the fourth quarter valued at $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies in the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies during the fourth quarter valued at approximately $28,000. Finally, Stonebridge Financial Group LLC purchased a new position in Dell Technologies during the fourth quarter worth about $37,000. Institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Morgan Stanley dropped their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Bank of America dropped their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Citigroup decreased their price objective on Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a report on Monday, April 14th. Finally, Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research report on Tuesday, March 4th. Three equities research 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 $133.71.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $110.80 on Friday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70. The company has a market cap of $77.32 billion, a P/E ratio of 19.58, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The firm has a 50-day simple moving average of $91.37 and a two-hundred day simple moving average of $108.73.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 1.90%. Dell Technologies’s dividend payout ratio (DPR) is currently 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).