Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Ilmarinen Mutual Pension Insurance Co

Ilmarinen Mutual Pension Insurance Co raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 78.6% during the fourth quarter, HoldingsChannel reports. The firm owned 125,000 shares of the technology company’s stock after buying an additional 55,000 shares during the period. Ilmarinen Mutual Pension Insurance Co’s holdings in Dell Technologies were worth $14,405,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in DELL. Russell Investments Group Ltd. grew its position in Dell Technologies by 5.0% in the 4th quarter. Russell Investments Group Ltd. now owns 134,841 shares of the technology company’s stock valued at $15,538,000 after buying an additional 6,377 shares during the last quarter. Wedbush Securities Inc. boosted its holdings in shares of Dell Technologies by 3.3% in the fourth quarter. Wedbush Securities Inc. now owns 33,371 shares of the technology company’s stock valued at $3,846,000 after acquiring an additional 1,065 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of Dell Technologies by 7.3% during the fourth quarter. Envestnet Asset Management Inc. now owns 566,491 shares of the technology company’s stock worth $65,282,000 after acquiring an additional 38,606 shares during the period. Sit Investment Associates Inc. raised its holdings in Dell Technologies by 106.5% during the fourth quarter. Sit Investment Associates Inc. now owns 59,045 shares of the technology company’s stock worth $6,804,000 after purchasing an additional 30,445 shares in the last quarter. Finally, Aviva PLC lifted its position in Dell Technologies by 1,709.4% in the fourth quarter. Aviva PLC now owns 189,388 shares of the technology company’s stock valued at $21,825,000 after purchasing an additional 178,921 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction 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 of the company’s stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 825,863 shares of company stock worth $100,413,839. 46.70% of the stock is owned by insiders.

Dell Technologies Trading Down 7.3 %

Dell Technologies stock opened at $71.57 on Friday. The stock has a market cap of $50.13 billion, a PE ratio of 12.64, a P/E/G ratio of 1.10 and a beta of 0.83. The stock has a 50-day moving average price of $101.57 and a 200 day moving average price of $115.31. Dell Technologies Inc. has a 52 week low of $69.42 and a 52 week high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Wells Fargo & Company cut their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Bank of America lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Citigroup reduced 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 note on Friday, February 21st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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).