O Shaughnessy Asset Management LLC Sells 17,325 Shares of Dell Technologies Inc. (NYSE:DELL)

O Shaughnessy Asset Management LLC reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 11.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 138,484 shares of the technology company’s stock after selling 17,325 shares during the quarter. O Shaughnessy Asset Management LLC’s holdings in Dell Technologies were worth $15,959,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Optimist Retirement Group LLC lifted its position in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after purchasing an additional 463 shares during the period. The Manufacturers Life Insurance Company lifted its holdings in Dell Technologies by 674.1% during the third quarter. The Manufacturers Life Insurance Company now owns 174,635 shares of the technology company’s stock worth $20,701,000 after buying an additional 152,076 shares during the period. Townsquare Capital LLC bought a new stake in Dell Technologies during the 3rd quarter valued at $557,000. Freedom Investment Management Inc. increased its holdings in shares of Dell Technologies by 48.5% in the 3rd quarter. Freedom Investment Management Inc. now owns 2,754 shares of the technology company’s stock valued at $326,000 after acquiring an additional 900 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dell Technologies by 22.1% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 133,186 shares of the technology company’s stock worth $15,788,000 after acquiring an additional 24,145 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Trading Down 4.9 %

Shares of NYSE DELL opened at $92.35 on Monday. The stock has a market cap of $64.68 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70. The company has a 50 day simple moving average of $104.31 and a two-hundred day simple moving average of $116.33.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Analyst Ratings Changes

Several research firms have issued reports on DELL. Deutsche Bank Aktiengesellschaft cut their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. UBS Group reduced their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Citigroup lowered their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research note on Friday, February 21st. Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, TD Cowen reduced their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Three research 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, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated 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 position. The transaction 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 the company’s stock in a transaction dated 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 of the company’s stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. 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 in the last quarter. 46.70% of the stock is currently owned by company insiders.

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).