LGT Group Foundation Buys 1,579 Shares of Dell Technologies Inc. (NYSE:DELL)

LGT Group Foundation increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,901 shares of the technology company’s stock after acquiring an additional 1,579 shares during the quarter. LGT Group Foundation’s holdings in Dell Technologies were worth $5,520,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Byrne Asset Management LLC bought a new position in Dell Technologies during the fourth quarter worth $28,000. True Wealth Design LLC lifted its stake in shares of Dell Technologies by 2,530.0% in the third 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 in the last quarter. Covestor Ltd lifted its stake in shares of Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Dell Technologies by 54.7% in the fourth 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 in the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at $37,000. 76.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. TD Cowen dropped their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday. Melius Research raised their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company dropped their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday. Finally, Evercore ISI reissued an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $144.47.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of Dell Technologies stock in a transaction dated Friday, December 6th. The shares were sold at an average price of $125.28, for a total value of $12,997,173.60. Following the completion of the transaction, the director now owns 777,347 shares in the company, valued at $97,386,032.16. This trade represents a 11.77 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 929,407 shares of company stock worth $113,411,626 over the last quarter. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Stock Performance

NYSE DELL opened at $95.55 on Tuesday. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70. The company has a 50-day simple moving average of $112.10 and a 200 day simple moving average of $118.30. The company has a market capitalization of $66.93 billion, a PE ratio of 16.88, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is an increase 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 dividend yield of 2.20%. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

About Dell Technologies

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).