Dell Technologies Inc. (NYSE:DELL) Shares Acquired by Bahl & Gaynor Inc.

Bahl & Gaynor Inc. raised its stake in Dell Technologies Inc. (NYSE:DELL) by 12.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 1,605,248 shares of the technology company’s stock after acquiring an additional 181,435 shares during the period. Dell Technologies makes up 1.0% of Bahl & Gaynor Inc.’s investment portfolio, making the stock its 28th largest position. Bahl & Gaynor Inc.’s holdings in Dell Technologies were worth $184,989,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Burns J W & Co. Inc. NY purchased a new stake in shares of Dell Technologies in the 4th quarter valued at about $1,272,000. iA Global Asset Management Inc. lifted its stake in Dell Technologies by 84.7% in the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock valued at $1,345,000 after buying an additional 5,203 shares during the last quarter. National Pension Service boosted its holdings in shares of Dell Technologies by 8.8% in the third quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after acquiring an additional 50,304 shares during the period. Sky Investment Group LLC purchased a new position in shares of Dell Technologies during the fourth quarter worth approximately $1,687,000. Finally, Enclave Advisors LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $848,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Ratings Changes

DELL has been the subject of a number of recent research reports. Bank of America decreased 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 note on Tuesday, February 18th. Mizuho lowered their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. UBS Group reduced their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Deutsche Bank Aktiengesellschaft lowered their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Finally, JPMorgan Chase & Co. cut their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $144.47.

Dell Technologies Price Performance

DELL opened at $95.55 on Tuesday. The stock’s 50 day simple moving average is $112.10 and its 200 day simple moving average is $118.30. The stock has a market cap of $66.93 billion, a P/E ratio of 16.88, a P/E/G ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.20%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insider Transactions at Dell Technologies

In other Dell Technologies 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 stock was 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 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 filing with the SEC, which is accessible through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 929,407 shares of company stock valued at $113,411,626 in the last 90 days. 46.70% of the stock is currently owned by insiders.

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).