Dell Technologies Inc. (NYSE:DELL) Shares Sold by Korea Investment CORP

Korea Investment CORP reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 6.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 223,404 shares of the technology company’s stock after selling 15,891 shares during the period. Korea Investment CORP’s holdings in Dell Technologies were worth $25,745,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after acquiring an additional 2,662,407 shares during the period. State Street Corp increased its holdings in shares of Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock valued at $1,513,401,000 after purchasing an additional 6,131,507 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Dell Technologies by 71.8% during the third quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after purchasing an additional 2,641,456 shares during the period. Bank of New York Mellon Corp grew its position in Dell Technologies by 63.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after buying an additional 1,139,318 shares during the last quarter. Finally, Alkeon Capital Management LLC raised its position in Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after buying an additional 699,204 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DELL has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research note on Friday, February 28th. Bank of America cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company decreased their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Barclays raised their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. lowered their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. 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 company presently has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Stock Performance

Shares of DELL opened at $92.35 on Friday. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The company’s 50 day simple moving average is $104.31 and its 200 day simple moving average is $116.21. The company has a market capitalization of $64.68 billion, a price-to-earnings ratio of 16.32, a PEG ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The firm also recently declared 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.27%. The ex-dividend date of this dividend is Tuesday, April 22nd. 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 other news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 completion of the transaction, the director now directly owns 810,657 shares in the company, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 824,937 shares of company stock worth $100,327,453 over the last quarter. 46.70% of the stock is currently owned by insiders.

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).