Dell Technologies Inc. (NYSE:DELL) Shares Purchased by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 0.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 34,284 shares of the technology company’s stock after acquiring an additional 216 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Dell Technologies were worth $2,623,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HighTower Advisors LLC boosted its holdings in Dell Technologies by 18.0% in the 3rd quarter. HighTower Advisors LLC now owns 29,534 shares of the technology company’s stock valued at $2,032,000 after purchasing an additional 4,499 shares during the last quarter. Rhumbline Advisers raised its stake in shares of Dell Technologies by 11.3% in the 3rd quarter. Rhumbline Advisers now owns 30,081 shares of the technology company’s stock valued at $2,073,000 after acquiring an additional 3,052 shares during the period. Paralel Advisors LLC raised its stake in shares of Dell Technologies by 1.1% in the 3rd quarter. Paralel Advisors LLC now owns 47,560 shares of the technology company’s stock valued at $3,277,000 after acquiring an additional 537 shares during the period. Kestra Advisory Services LLC raised its stake in shares of Dell Technologies by 22.9% in the 3rd quarter. Kestra Advisory Services LLC now owns 23,853 shares of the technology company’s stock valued at $1,643,000 after acquiring an additional 4,451 shares during the period. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $548,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

DELL opened at $148.45 on Friday. The company’s 50 day simple moving average is $135.85 and its 200 day simple moving average is $107.03. Dell Technologies Inc. has a 1 year low of $49.40 and a 1 year high of $179.70. The stock has a market capitalization of $105.96 billion, a PE ratio of 30.30, a P/E/G ratio of 1.85 and a beta of 0.85.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, August 2nd. Investors of record on Tuesday, July 23rd will be given a $0.445 dividend. The ex-dividend date is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.20%. Dell Technologies’s dividend payout ratio is presently 36.33%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DELL. Loop Capital upped their target price on shares of Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a research note on Tuesday, May 28th. Sanford C. Bernstein upped their target price on shares of Dell Technologies from $120.00 to $155.00 and gave the stock an “outperform” rating in a research note on Monday, May 20th. Morgan Stanley reaffirmed an “overweight” rating and set a $155.00 target price on shares of Dell Technologies in a research note on Monday. Bank of America increased their price objective on shares of Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Finally, Wells Fargo & Company increased their price objective on shares of Dell Technologies from $170.00 to $175.00 and gave the company an “overweight” rating in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $135.81.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the transaction, the insider now directly owns 356,077 shares of the company’s stock, valued at $45,987,344.55. The sale was disclosed in a filing with the SEC, which is available at this link. In other news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the sale, the general counsel now owns 86,836 shares in the company, valued at $11,544,846.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William F. Scannell sold 106,483 shares of Dell Technologies stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $129.15, for a total transaction of $13,752,279.45. Following the sale, the insider now owns 356,077 shares in the company, valued at approximately $45,987,344.55. The disclosure for this sale can be found here. Insiders have sold a total of 5,857,539 shares of company stock valued at $781,118,135 over the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies 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).