Bank Julius Baer & Co. Ltd Zurich Buys 674 Shares of Dell Technologies Inc. (NYSE:DELL)

Bank Julius Baer & Co. Ltd Zurich lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 13.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 5,852 shares of the technology company’s stock after acquiring an additional 674 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich’s holdings in Dell Technologies were worth $744,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Mesirow Financial Investment Management Inc. boosted its holdings in Dell Technologies by 5.5% in the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,359 shares of the technology company’s stock worth $272,000 after buying an additional 124 shares during the period. Andra AP fonden boosted its stake in shares of Dell Technologies by 20.3% in the fourth quarter. Andra AP fonden now owns 507,210 shares of the technology company’s stock worth $58,451,000 after acquiring an additional 85,600 shares during the period. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth about $527,000. E Fund Management Co. Ltd. lifted its holdings in Dell Technologies by 50.0% in the 4th quarter. E Fund Management Co. Ltd. now owns 6,231 shares of the technology company’s stock worth $718,000 after purchasing an additional 2,078 shares in the last quarter. Finally, Candriam S.C.A. boosted its stake in Dell Technologies by 1.9% in the 4th quarter. Candriam S.C.A. now owns 101,812 shares of the technology company’s stock worth $11,733,000 after purchasing an additional 1,891 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 1.2 %

Shares of DELL opened at $90.33 on Tuesday. The business has a fifty day moving average of $109.64 and a 200 day moving average of $117.68. The company has a market cap of $63.27 billion, a PE ratio of 15.96, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.32%. 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 equities research analysts have recently issued reports on DELL shares. TD Cowen reduced their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Mizuho reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Finally, Evercore ISI reissued an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Insider Activity at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 825,662 shares of company stock worth $100,414,453. Insiders own 46.70% of the company’s stock.

Dell Technologies Company 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).