Wells Fargo & Company MN Purchases 129,635 Shares of Dell Technologies Inc. (NYSE:DELL)

Wells Fargo & Company MN boosted its position in Dell Technologies Inc. (NYSE:DELL) by 11.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,232,105 shares of the technology company’s stock after acquiring an additional 129,635 shares during the period. Wells Fargo & Company MN’s holdings in Dell Technologies were worth $141,988,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DELL. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. 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. TD Cowen dropped their target price on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a report on Friday, February 28th. Loop Capital reduced their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, JPMorgan Chase & Co. lowered their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Tuesday, February 11th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Insider Buying and Selling

In other news, CAO Brunilda Rios sold 926 shares of the firm’s 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 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 position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 500,696 shares of company stock worth $59,924,044. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Trading Down 7.3 %

DELL stock opened at $71.57 on Monday. The stock has a market capitalization of $49.94 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94. The stock’s 50 day simple moving average is $101.57 and its 200 day simple moving average is $115.29. Dell Technologies Inc. has a 12-month low of $64.92 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. 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 2.93%. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

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).