Dell Technologies Inc. (NYSE:DELL) Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd trimmed its position in Dell Technologies Inc. (NYSE:DELL) by 13.0% in the fourth quarter, Holdings Channel reports. The firm owned 11,927 shares of the technology company’s stock after selling 1,777 shares during the quarter. Plato Investment Management Ltd’s holdings in Dell Technologies were worth $1,379,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of DELL. State Street Corp grew its stake in Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC boosted its stake in Dell Technologies by 71.8% in the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock valued at $746,596,000 after acquiring an additional 2,641,456 shares during the period. Swedbank AB boosted its stake in Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock valued at $219,084,000 after acquiring an additional 1,690,709 shares during the period. Bank of New York Mellon Corp boosted its stake in Dell Technologies by 63.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after acquiring an additional 1,139,318 shares during the period. Finally, Franklin Resources Inc. boosted its stake in Dell Technologies by 5,047.4% in the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after acquiring an additional 1,002,117 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

NYSE DELL opened at $95.55 on Tuesday. The stock has a market capitalization 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. The business’s fifty day moving average is $112.10 and its two-hundred day moving average is $118.30.

Dell Technologies Increases Dividend

The business 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. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend 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 is currently 33.76%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 929,407 shares of company stock valued at $113,411,626. Corporate insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the company. UBS Group decreased their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday. Bank of America decreased 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. Barclays boosted their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday. Melius Research boosted their price objective on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, November 27th. Finally, TD Cowen reduced their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research report on Friday. 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, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $144.47.

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).