Andra AP fonden Acquires 85,600 Shares of Dell Technologies Inc. (NYSE:DELL)

Andra AP fonden increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 20.3% in the fourth quarter, HoldingsChannel reports. The firm owned 507,210 shares of the technology company’s stock after purchasing an additional 85,600 shares during the period. Dell Technologies accounts for approximately 0.9% of Andra AP fonden’s portfolio, making the stock its 13th biggest holding. Andra AP fonden’s holdings in Dell Technologies were worth $58,451,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Vision Financial Markets LLC bought a new stake in Dell Technologies during the fourth quarter valued at about $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at about $28,000. True Wealth Design LLC raised its position in shares of Dell Technologies by 2,530.0% during 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 during the last quarter. Covestor Ltd raised its position in shares of Dell Technologies by 290.7% during 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 during the last quarter. Finally, Versant Capital Management Inc raised 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 valued at $36,000 after buying an additional 111 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 825,662 shares of company stock valued at $100,414,453 over the last three months. 46.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on DELL shares. The Goldman Sachs Group cut their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday. Citigroup cut their price objective on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Mizuho cut their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research report on Wednesday, November 27th. Barclays upped their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Finally, Morgan Stanley dropped their price target on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Trading Down 4.4 %

Shares of Dell Technologies stock opened at $93.00 on Friday. The stock has a market capitalization of $65.14 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70. The firm’s 50-day moving average price is $110.65 and its two-hundred day moving average price is $117.86.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.26%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio is 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).