Allianz SE Takes Position in Dell Technologies Inc. (NYSE:DELL)

Allianz SE purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 13,429 shares of the technology company’s stock, valued at approximately $1,542,000.

A number of other hedge funds have also made changes to their positions in DELL. Transamerica Financial Advisors Inc. lifted its holdings in shares of Dell Technologies by 3,312,400.0% in the fourth quarter. Transamerica Financial Advisors Inc. now owns 33,125 shares of the technology company’s stock valued at $3,818,000 after buying an additional 33,124 shares during the period. Allstate Corp acquired a new stake in Dell Technologies in the 4th quarter valued at about $1,083,000. DnB Asset Management AS boosted its position in shares of Dell Technologies by 10.5% during the 4th quarter. DnB Asset Management AS now owns 83,288 shares of the technology company’s stock valued at $9,598,000 after purchasing an additional 7,893 shares in the last quarter. Level Four Advisory Services LLC grew its stake in shares of Dell Technologies by 6.5% in the 4th quarter. Level Four Advisory Services LLC now owns 2,855 shares of the technology company’s stock worth $329,000 after purchasing an additional 173 shares during the last quarter. Finally, Orion Portfolio Solutions LLC raised its holdings in shares of Dell Technologies by 80.9% in the 4th quarter. Orion Portfolio Solutions LLC now owns 4,195 shares of the technology company’s stock worth $483,000 after purchasing an additional 1,876 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Down 4.9 %

Shares of DELL stock opened at $92.35 on Friday. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70. The company has a market cap of $64.68 billion, a PE ratio of 16.32, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The business’s 50 day moving average is $104.31 and its two-hundred day moving average is $116.28.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 2.27%. The ex-dividend date is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of Dell Technologies stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $124.52, for a total value of $40,489,794.84. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. The trade was a 28.63 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was 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 owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 824,937 shares of company stock valued at $100,327,453 in the last quarter. Insiders own 46.70% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DELL. UBS Group decreased 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 report on Friday, February 28th. Bank of America reduced their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Finally, The Goldman Sachs Group decreased their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

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).