TIAA Trust National Association Buys 355 Shares of Dell Technologies Inc. (NYSE:DELL)

TIAA Trust National Association raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 7.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,192 shares of the technology company’s stock after purchasing an additional 355 shares during the period. TIAA Trust National Association’s holdings in Dell Technologies were worth $598,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of DELL. Burns J W & Co. Inc. NY bought a new position in shares of Dell Technologies during the 4th quarter worth $1,272,000. iA Global Asset Management Inc. boosted its position in Dell Technologies by 84.7% during the third quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after purchasing an additional 5,203 shares during the period. Sky Investment Group LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth about $1,687,000. Enclave Advisors LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $848,000. Finally, Empowered Funds LLC lifted its stake in shares of Dell Technologies by 12.9% during the 4th quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock valued at $3,502,000 after buying an additional 3,470 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Up 1.0 %

NYSE DELL opened at $97.20 on Friday. The stock’s 50-day simple moving average is $104.66 and its two-hundred day simple moving average is $116.31. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The company has a market capitalization of $68.08 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 1.10 and a beta of 0.83.

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 given 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 dividend on an annualized basis and a yield of 2.16%. Dell Technologies’s payout ratio is presently 33.76%.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated 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 directly owns 810,657 shares in the company, valued at $100,943,009.64. This represents a 28.63 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, 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 stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, valued at $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. Insiders sold a total of 824,937 shares of company stock valued at $100,327,453 over the last quarter. 46.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

DELL has been the topic of a number of analyst reports. The Goldman Sachs Group lowered their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. UBS Group decreased their price objective on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Barclays raised their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Finally, Loop Capital reduced their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $141.24.

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).