Qtron Investments LLC Purchases Shares of 4,501 Dell Technologies Inc. (NYSE:DELL)

Qtron Investments LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,501 shares of the technology company’s stock, valued at approximately $519,000.

Other large investors also recently made changes to their positions in the company. Vision Financial Markets LLC bought a new stake in Dell Technologies during the 4th quarter valued at $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the fourth quarter valued at about $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies during the fourth quarter worth about $28,000. Versant Capital Management Inc raised its holdings in shares of Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after acquiring an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Dell Technologies in the 4th quarter valued at about $37,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of DELL opened at $81.96 on Friday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The stock’s fifty day moving average price is $98.16 and its two-hundred day moving average price is $113.41. The firm has a market cap of $57.19 billion, a PE ratio of 14.48, a PEG ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 2.56%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is currently 33.76%.

Insiders Place Their Bets

In related news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on DELL shares. JPMorgan Chase & Co. lowered their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Morgan Stanley dropped their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. UBS Group reduced their target price 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. The Goldman Sachs Group dropped their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Finally, OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $141.24.

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).