Siemens Fonds Invest GmbH Acquires 20,341 Shares of Dell Technologies Inc. (NYSE:DELL)

Siemens Fonds Invest GmbH boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 688.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 23,294 shares of the technology company’s stock after purchasing an additional 20,341 shares during the period. Siemens Fonds Invest GmbH’s holdings in Dell Technologies were worth $2,684,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in DELL. Shell Asset Management Co. bought a new stake in Dell Technologies in the fourth quarter valued at $113,000. Silvercrest Asset Management Group LLC increased its position in shares of Dell Technologies by 4,528.8% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 154,648 shares of the technology company’s stock worth $17,822,000 after purchasing an additional 151,307 shares in the last quarter. Rafferty Asset Management LLC lifted its holdings in Dell Technologies by 9.1% during the 4th quarter. Rafferty Asset Management LLC now owns 106,912 shares of the technology company’s stock valued at $12,321,000 after purchasing an additional 8,939 shares during the last quarter. Raiffeisen Bank International AG acquired a new position in Dell Technologies in the fourth quarter valued at about $21,755,000. Finally, ProShare Advisors LLC increased its holdings in shares of Dell Technologies by 22.8% during the fourth quarter. ProShare Advisors LLC now owns 63,676 shares of the technology company’s stock worth $7,338,000 after buying an additional 11,815 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several brokerages have issued reports on DELL. Raymond James lifted their price objective on Dell Technologies from $139.00 to $144.00 and gave the company an “outperform” rating in a research report on Tuesday. TD Cowen lowered their price target on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. UBS Group reduced their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. The Goldman Sachs Group dropped 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. Finally, Bank of America lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.

Dell Technologies Price Performance

Shares of DELL opened at $110.80 on Friday. The firm has a market capitalization of $77.32 billion, a PE ratio of 19.58, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $179.70. The company’s 50-day moving average is $91.37 and its 200-day moving average is $108.73.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.90%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 46.70% of the company’s stock.

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).