Harvest Fund Management Co. Ltd Reduces Position in Dell Technologies Inc. (NYSE:DELL)

Harvest Fund Management Co. Ltd reduced its position in Dell Technologies Inc. (NYSE:DELL) by 93.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 474 shares of the technology company’s stock after selling 7,083 shares during the period. Harvest Fund Management Co. Ltd’s holdings in Dell Technologies were worth $55,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Vision Financial Markets LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the 4th quarter valued at about $28,000. True Wealth Design LLC grew its stake 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 worth $31,000 after acquiring an additional 253 shares in the last quarter. Versant Capital Management Inc increased its position in shares of Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $37,000. Institutional investors own 76.37% of the company’s stock.

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred 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 completion of the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction on Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the completion of the sale, the director now owns 810,657 shares in the company, 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. In the last 90 days, insiders sold 824,937 shares of company stock valued at $100,327,453. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $97.62 on Monday. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70. The company has a market cap of $68.38 billion, a PE ratio of 17.25, a P/E/G ratio of 1.10 and a beta of 0.83. The business has a 50-day simple moving average of $105.59 and a two-hundred day simple moving average of $116.66.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.15%. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research reports. Bank of America reduced their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. UBS Group decreased their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. Melius Research increased their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Finally, Wells Fargo & Company dropped 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 note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

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).