Candriam S.C.A. Increases Position in Dell Technologies Inc. (NYSE:DELL)

Candriam S.C.A. boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 101,812 shares of the technology company’s stock after purchasing an additional 1,891 shares during the quarter. Candriam S.C.A.’s holdings in Dell Technologies were worth $11,733,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of DELL. Intrepid Financial Planning Group LLC grew its holdings in shares of Dell Technologies by 0.7% during the third quarter. Intrepid Financial Planning Group LLC now owns 12,002 shares of the technology company’s stock valued at $1,423,000 after buying an additional 80 shares during the last quarter. Smithfield Trust Co grew its holdings in shares of Dell Technologies by 8.0% during the third quarter. Smithfield Trust Co now owns 1,139 shares of the technology company’s stock valued at $134,000 after buying an additional 84 shares during the last quarter. Graypoint LLC grew its holdings in shares of Dell Technologies by 4.3% during the third quarter. Graypoint LLC now owns 2,086 shares of the technology company’s stock valued at $247,000 after buying an additional 86 shares during the last quarter. Equitable Trust Co. grew its holdings in shares of Dell Technologies by 3.1% during the third quarter. Equitable Trust Co. now owns 2,942 shares of the technology company’s stock valued at $349,000 after buying an additional 88 shares during the last quarter. Finally, Allen Capital Group LLC grew its holdings in shares of Dell Technologies by 3.3% during the fourth quarter. Allen Capital Group LLC now owns 2,936 shares of the technology company’s stock valued at $338,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Monday, December 16th. The shares were 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 $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. Insiders have sold 825,662 shares of company stock worth $100,414,453 in the last three months. Company insiders own 46.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on DELL. TD Cowen dropped their target price on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Morgan Stanley dropped their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Barclays raised their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. The Goldman Sachs Group dropped their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Finally, JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Three 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, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Price Performance

Shares of DELL stock opened at $91.37 on Friday. The company has a market capitalization of $64.00 billion, a price-to-earnings ratio of 16.14, a PEG ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70. The company’s fifty day moving average price is $110.13 and its 200-day moving average price is $117.72.

Dell Technologies Increases Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 2.30%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

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).