Polymer Capital Management HK LTD Grows Position in Dell Technologies Inc. (NYSE:DELL)

Polymer Capital Management HK LTD grew its holdings in Dell Technologies Inc. (NYSE:DELL) by 139.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 41,397 shares of the technology company’s stock after purchasing an additional 24,097 shares during the quarter. Dell Technologies makes up 0.8% of Polymer Capital Management HK LTD’s portfolio, making the stock its 29th biggest position. Polymer Capital Management HK LTD’s holdings in Dell Technologies were worth $4,771,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DELL. Vanguard Group Inc. lifted its holdings in Dell Technologies by 10.5% during the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after buying an additional 2,662,407 shares during the period. State Street Corp raised its position in shares of Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after acquiring an additional 6,131,507 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Dell Technologies by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock worth $789,680,000 after purchasing an additional 552,213 shares during the last quarter. Norges Bank bought a new stake in Dell Technologies during the fourth quarter valued at about $455,029,000. Finally, Bank of New York Mellon Corp raised its holdings 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 worth $337,796,000 after purchasing an additional 1,139,318 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Performance

Shares of DELL opened at $71.57 on Friday. The company has a market capitalization of $49.94 billion, a P/E ratio of 12.64, a P/E/G ratio of 1.10 and a beta of 0.94. The business’s 50-day moving average is $101.57 and its two-hundred day moving average is $115.30. Dell Technologies Inc. has a fifty-two week low of $69.42 and a fifty-two week high of $179.70.

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 is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.93%. Dell Technologies’s payout ratio is presently 33.76%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Citigroup cut their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. UBS Group cut their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. TD Cowen decreased their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Barclays upped their target price on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, Morgan Stanley lowered their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. 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 has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction dated 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 of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 825,863 shares of company stock worth $100,413,839. Corporate 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).