Fiduciary Trust Co Purchases 36,396 Shares of Dell Technologies Inc. (NYSE:DELL)

Fiduciary Trust Co grew its holdings in Dell Technologies Inc. (NYSE:DELL) by 116.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 67,544 shares of the technology company’s stock after purchasing an additional 36,396 shares during the quarter. Fiduciary Trust Co’s holdings in Dell Technologies were worth $7,784,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of DELL. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies in the fourth quarter worth $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the 4th quarter valued at $26,000. Byrne Asset Management LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at $28,000. Finally, Stonebridge Financial Group LLC acquired a new stake in Dell Technologies during the 4th quarter worth $37,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the topic of a number of research analyst reports. Wells Fargo & Company dropped their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. UBS Group cut 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. Barclays increased their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. The Goldman Sachs Group reduced 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. Finally, Citigroup cut their price target on Dell Technologies from $145.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $134.65.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 46.70% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $96.02 on Friday. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70. The company has a market capitalization of $67.01 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The company has a 50-day simple moving average of $90.16 and a 200 day simple moving average of $109.08.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.19%. The ex-dividend date was Tuesday, April 22nd. Dell Technologies’s payout ratio is currently 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).