Capital Group Investment Management PTE. LTD. Acquires 411 Shares of Dell Technologies Inc. (NYSE:DELL)

Capital Group Investment Management PTE. LTD. grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 7.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,318 shares of the technology company’s stock after acquiring an additional 411 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in Dell Technologies were worth $728,000 as of its most recent SEC filing.

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

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38 % 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.

Analysts Set New Price Targets

Several analysts recently issued reports on DELL shares. Bank of America cut their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Wells Fargo & Company reduced their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. The Goldman Sachs Group dropped their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Finally, Morgan Stanley reduced their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

Dell Technologies Trading Up 1.8 %

Dell Technologies stock opened at $84.86 on Friday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70. The firm has a 50-day moving average price of $96.36 and a 200-day moving average price of $112.44. The firm has a market capitalization of $59.22 billion, a PE ratio of 14.99, a price-to-earnings-growth 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. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.47%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

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).