Vinva Investment Management Ltd Lowers Stock Position in Dell Technologies Inc. (NYSE:DELL)

Vinva Investment Management Ltd cut its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 82.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 3,231 shares of the technology company’s stock after selling 14,784 shares during the period. Vinva Investment Management Ltd’s holdings in Dell Technologies were worth $371,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Vision Financial Markets LLC purchased a new position in Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies in the 4th quarter valued at $28,000. True Wealth Design LLC grew its position in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. Versant Capital Management Inc grew its position in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC purchased a new position in Dell Technologies in the 4th quarter valued at $37,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 1.3 %

Shares of DELL stock opened at $97.62 on Friday. The firm has a 50-day moving average price of $105.59 and a 200 day moving average price of $116.57. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The company has a market capitalization of $68.38 billion, a price-to-earnings ratio of 17.25, 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. Shareholders of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.15%. Dell Technologies’s payout ratio is 33.76%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction dated 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 $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 available through this link. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the business’s stock in a transaction dated 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 sale, the director now owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 824,937 shares of company stock worth $100,327,453 in the last 90 days. 46.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. JPMorgan Chase & Co. lowered their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley reduced their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Citigroup reduced their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. Bank of America reduced their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus 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).