UniSuper Management Pty Ltd Increases Stake in Dell Technologies Inc. (NYSE:DELL)

UniSuper Management Pty Ltd raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 13.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 65,558 shares of the technology company’s stock after buying an additional 7,558 shares during the quarter. UniSuper Management Pty Ltd’s holdings in Dell Technologies were worth $7,555,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Elo Mutual Pension Insurance Co increased its stake in shares of Dell Technologies by 36.4% in the 4th quarter. Elo Mutual Pension Insurance Co now owns 33,893 shares of the technology company’s stock worth $3,906,000 after acquiring an additional 9,051 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Dell Technologies by 18.9% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 487,777 shares of the technology company’s stock valued at $58,489,000 after purchasing an additional 77,418 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund purchased a new position in Dell Technologies during the fourth quarter worth about $207,000. Arlington Capital Management Inc. boosted its holdings in Dell Technologies by 538.7% in the 4th quarter. Arlington Capital Management Inc. now owns 21,858 shares of the technology company’s stock valued at $2,519,000 after purchasing an additional 18,436 shares during the last quarter. Finally, Banco BTG Pactual S.A. grew its stake in shares of Dell Technologies by 54.6% in the 4th quarter. Banco BTG Pactual S.A. now owns 20,000 shares of the technology company’s stock valued at $2,331,000 after buying an additional 7,060 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $97.20 on Friday. The stock’s 50-day moving average is $104.66 and its two-hundred day moving average is $116.31. The company has a market cap of $68.08 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 1-year low of $86.93 and a 1-year high of $179.70.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.16%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

Analyst Ratings Changes

A number of research firms recently commented on DELL. UBS Group decreased their price objective on 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 lowered their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Loop Capital reduced their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th. JPMorgan Chase & Co. lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Tuesday, February 11th. Finally, 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 research note on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $141.24.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares in the company, valued at $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 824,937 shares of company stock worth $100,327,453 in the last 90 days. 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).