Swiss National Bank Buys 60,700 Shares of Dell Technologies Inc. (NYSE:DELL)

Swiss National Bank grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 7.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 896,008 shares of the technology company’s stock after buying an additional 60,700 shares during the period. Swiss National Bank owned approximately 0.13% of Dell Technologies worth $103,256,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. State Street Corp boosted its holdings in Dell Technologies by 92.4% during the third quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after buying an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC boosted its holdings in 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 buying an additional 2,641,456 shares during the last quarter. Swedbank AB boosted its holdings in Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after buying an additional 1,690,709 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after buying an additional 1,139,318 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Dell Technologies by 5,047.4% during the third quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock worth $131,170,000 after buying an additional 1,002,117 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Up 3.6 %

NYSE:DELL opened at $95.76 on Friday. The firm has a market capitalization of $67.08 billion, a price-to-earnings ratio of 16.92, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The stock’s 50 day moving average price is $107.79 and its two-hundred day moving average price is $117.09.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.19%. Dell Technologies’s payout ratio is 33.76%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on DELL shares. Mizuho cut their price objective on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Citigroup cut their price objective on Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Wells Fargo & Company cut their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Bank of America cut their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Melius Research lifted their price objective on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction 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 sale, the director now owns 810,657 shares in the company, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction on 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 owns 23,680 shares in the company, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 825,662 shares of company stock valued at $100,414,453 in the last 90 days. 46.70% of the stock is currently owned by insiders.

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).