Vanguard Group Inc. Grows Holdings in Dell Technologies Inc. (NYSE:DELL)

Vanguard Group Inc. boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 3.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 17,595,478 shares of the technology company’s stock after purchasing an additional 647,192 shares during the quarter. Vanguard Group Inc. owned about 2.47% of Dell Technologies worth $1,346,054,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Jones Financial Companies Lllp bought a new position in Dell Technologies during the 4th quarter valued at approximately $25,000. Anchor Investment Management LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Pinnacle Bancorp Inc. increased its position in shares of Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after acquiring an additional 188 shares in the last quarter. Farmers & Merchants Trust Co of Chambersburg PA lifted its position in Dell Technologies by 454.5% in the 4th quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock valued at $37,000 after acquiring an additional 400 shares in the last quarter. Finally, GPS Wealth Strategies Group LLC boosted its stake in Dell Technologies by 1,456.4% during the 4th quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock valued at $46,000 after purchasing an additional 568 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on DELL. Citigroup upped their price target on Dell Technologies from $125.00 to $170.00 and gave the company a “buy” rating in a report on Tuesday, May 21st. Bank of America boosted their price objective on shares of Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday, May 29th. TD Cowen lifted their target price on shares of Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. The Goldman Sachs Group raised their price target on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. Finally, Sanford C. Bernstein upped their price objective on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a research report on Monday, May 20th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $135.81.

Dell Technologies Stock Performance

DELL opened at $149.15 on Thursday. Dell Technologies Inc. has a fifty-two week low of $48.74 and a fifty-two week high of $179.70. The company has a fifty day moving average of $135.36 and a 200 day moving average of $106.74. The stock has a market capitalization of $106.46 billion, a price-to-earnings ratio of 30.44, a PEG ratio of 1.76 and a beta of 0.85.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be issued a dividend of $0.445 per share. The ex-dividend date of this dividend is Tuesday, July 23rd. This represents a $1.78 annualized dividend and a dividend yield of 1.19%. Dell Technologies’s dividend payout ratio (DPR) is 36.33%.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 139,419 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $136.18, for a total transaction of $18,986,079.42. Following the completion of the transaction, the chief executive officer now owns 30,272,822 shares in the company, valued at $4,122,552,899.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Michael S. Dell sold 139,419 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $136.18, for a total value of $18,986,079.42. Following the completion of the sale, the chief executive officer now directly owns 30,272,822 shares of the company’s stock, valued at approximately $4,122,552,899.96. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 2,837,829 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $133.75, for a total value of $379,559,628.75. Following the transaction, the chief executive officer now directly owns 20,412,241 shares in the company, valued at approximately $2,730,137,233.75. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 5,857,539 shares of company stock valued at $781,118,135. 46.70% of the stock is owned by corporate insiders.

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).