BI Asset Management Fondsmaeglerselskab A S Sells 42,344 Shares of Dell Technologies Inc. (NYSE:DELL)

BI Asset Management Fondsmaeglerselskab A S decreased its stake in Dell Technologies Inc. (NYSE:DELL) by 30.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 95,289 shares of the technology company’s stock after selling 42,344 shares during the quarter. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dell Technologies were worth $10,981,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DELL. Vision Financial Markets LLC bought a new position in Dell Technologies in the 4th quarter valued at approximately $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the fourth quarter valued at $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth $28,000. Versant Capital Management Inc grew its stake in shares of Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies in the fourth quarter valued at $37,000. Institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction that occurred 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 of the company’s stock, valued at $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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 $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. Company insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $84.86 on Friday. The stock has a market capitalization of $59.22 billion, a P/E ratio of 14.99, a P/E/G ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $179.70. The company has a 50-day moving average price of $95.82 and a 200-day moving average price of $112.24.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend 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 yield of 2.47%. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. reduced their price target on Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research report on Thursday. Citigroup decreased their target price on shares of Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, April 14th. TD Cowen reduced their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Wells Fargo & Company lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, The Goldman Sachs Group cut 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. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $136.41.

Dell Technologies Company 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).