Natixis Advisors LLC Boosts Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Natixis Advisors LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 221.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 460,535 shares of the technology company’s stock after buying an additional 317,472 shares during the period. Natixis Advisors LLC owned 0.07% of Dell Technologies worth $53,072,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of DELL. Optimist Retirement Group LLC increased its stake in Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after buying an additional 463 shares in the last quarter. Assetmark Inc. increased its stake in Dell Technologies by 300.8% during the 3rd quarter. Assetmark Inc. now owns 477 shares of the technology company’s stock worth $57,000 after buying an additional 358 shares in the last quarter. Covestor Ltd increased its stake in Dell Technologies by 290.7% during the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock worth $35,000 after buying an additional 218 shares in the last quarter. Los Angeles Capital Management LLC purchased a new stake in Dell Technologies during the 3rd quarter worth approximately $383,000. Finally, Apollon Wealth Management LLC boosted its holdings in shares of Dell Technologies by 38.5% during the 3rd quarter. Apollon Wealth Management LLC now owns 6,923 shares of the technology company’s stock worth $821,000 after purchasing an additional 1,923 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. Evercore ISI restated an “outperform” rating and set a $150.00 target price on shares of Dell Technologies in a report on Wednesday, November 20th. Mizuho lowered their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. The Goldman Sachs Group lowered their target price on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. UBS Group lowered their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Finally, OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a 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 stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Trading Up 3.6 %

Dell Technologies stock opened at $95.76 on Friday. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The stock’s fifty day simple moving average is $107.79 and its 200-day simple moving average is $117.13. The firm has a market capitalization of $67.08 billion, a P/E ratio of 16.92, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business 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 dividend of $0.525 per share. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.19%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio is currently 33.76%.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction on 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 transaction, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 825,662 shares of company stock valued at $100,414,453. 46.70% of the stock is currently owned by company insiders.

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).