Rafferty Asset Management LLC Purchases 8,939 Shares of Dell Technologies Inc. (NYSE:DELL)

Rafferty Asset Management LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 9.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 106,912 shares of the technology company’s stock after purchasing an additional 8,939 shares during the quarter. Rafferty Asset Management LLC’s holdings in Dell Technologies were worth $12,321,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Raiffeisen Bank International AG acquired a new position in Dell Technologies during the 4th quarter worth approximately $21,755,000. ProShare Advisors LLC grew its holdings in Dell Technologies by 22.8% during the 4th quarter. ProShare Advisors LLC now owns 63,676 shares of the technology company’s stock worth $7,338,000 after acquiring an additional 11,815 shares during the last quarter. Quantinno Capital Management LP grew its holdings in Dell Technologies by 11.5% during the 4th quarter. Quantinno Capital Management LP now owns 57,713 shares of the technology company’s stock worth $6,651,000 after acquiring an additional 5,967 shares during the last quarter. Panoramic Capital LLC bought a new stake in Dell Technologies during the 4th quarter worth approximately $1,966,000. Finally, Mufg Securities Americas Inc. bought a new stake in Dell Technologies during the 4th quarter worth approximately $523,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DELL has been the topic of a number of research reports. UBS Group reduced their target price on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Bank of America reduced their price objective on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Wells Fargo & Company reduced 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. Morgan Stanley reduced their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Finally, Barclays upped their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. 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 stock presently has an average rating of “Moderate Buy” and an average target price of $135.06.

Dell Technologies Stock Up 3.1%

Shares of NYSE DELL opened at $114.29 on Friday. The firm has a market cap of $79.75 billion, a PE ratio of 20.19, a P/E/G ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70. The company’s fifty day simple moving average is $91.82 and its 200 day simple moving average is $108.68.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 1.84%. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insiders Place Their Bets

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the sale, the chief financial officer now owns 245,804 shares of the company’s stock, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 46.70% of the company’s stock.

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).