Boston Partners Sells 1,302,607 Shares of Dell Technologies Inc. (NYSE:DELL)

Boston Partners reduced its position in Dell Technologies Inc. (NYSE:DELL) by 25.4% during the fourth quarter, HoldingsChannel reports. The fund owned 3,820,277 shares of the technology company’s stock after selling 1,302,607 shares during the quarter. Boston Partners’ holdings in Dell Technologies were worth $440,232,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DELL. Intech Investment Management LLC increased its position in shares of Dell Technologies by 4.5% during the fourth quarter. Intech Investment Management LLC now owns 19,282 shares of the technology company’s stock valued at $2,222,000 after buying an additional 824 shares during the period. Horizon Investments LLC increased its position in shares of Dell Technologies by 463.9% during the fourth quarter. Horizon Investments LLC now owns 22,054 shares of the technology company’s stock valued at $2,531,000 after buying an additional 18,143 shares during the period. Advisors Asset Management Inc. increased its position in shares of Dell Technologies by 41.3% during the fourth quarter. Advisors Asset Management Inc. now owns 45,985 shares of the technology company’s stock valued at $5,299,000 after buying an additional 13,431 shares during the period. Thrivent Financial for Lutherans increased its position in shares of Dell Technologies by 6.1% in the fourth quarter. Thrivent Financial for Lutherans now owns 14,868 shares of the technology company’s stock worth $1,713,000 after purchasing an additional 860 shares during the last quarter. Finally, Freemont Management S.A. bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $1,844,000. 76.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dell Technologies news, 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 transaction, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This trade represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 824,937 shares of company stock valued at $100,327,453 over the last quarter. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Up 2.0 %

Shares of DELL stock opened at $97.60 on Tuesday. The stock has a fifty day moving average of $107.25 and a 200 day moving average of $117.08. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The firm has a market capitalization of $68.36 billion, a price-to-earnings ratio of 17.24, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.15%. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on DELL. Barclays upped their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Evercore ISI restated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Wells Fargo & Company cut their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Bank of America cut their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Finally, Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.24.

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).