SBI Securities Co. Ltd. Invests $760,000 in Dell Technologies Inc. (NYSE:DELL)

SBI Securities Co. Ltd. bought a new stake in Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 6,598 shares of the technology company’s stock, valued at approximately $760,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies in the 4th quarter valued at about $1,272,000. iA Global Asset Management Inc. grew 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 purchasing an additional 5,203 shares in the last quarter. National Pension Service increased its position in shares of Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock worth $73,543,000 after purchasing an additional 50,304 shares during the last quarter. Sky Investment Group LLC bought a new stake in shares of Dell Technologies during the 4th quarter worth approximately $1,687,000. Finally, Enclave Advisors LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $848,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’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. The trade was a 38.10 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction dated Monday, December 16th. 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 directly owns 23,680 shares in the company, valued at $2,841,600. This trade 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 three months. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Down 7.0 %

Shares of NYSE:DELL opened at $95.55 on Tuesday. Dell Technologies Inc. has a 12-month low of $86.93 and a 12-month high of $179.70. The company’s 50 day moving average price is $112.10 and its two-hundred day moving average price is $118.30. The firm has a market cap of $66.93 billion, a PE ratio of 16.88, a PEG ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.20%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DELL. Deutsche Bank Aktiengesellschaft dropped their price target on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research report on Monday, December 2nd. Citigroup cut their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. TD Cowen reduced their price target on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday. Barclays raised their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday. Finally, Mizuho decreased their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $144.47.

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).