Wells Fargo & Company MN Has $141.99 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Wells Fargo & Company MN lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 11.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,232,105 shares of the technology company’s stock after buying an additional 129,635 shares during the quarter. Wells Fargo & Company MN owned about 0.18% of Dell Technologies worth $141,988,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of DELL. Vision Financial Markets LLC acquired a new position in Dell Technologies during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the fourth quarter worth approximately $26,000. Byrne Asset Management LLC bought a new position in shares of Dell Technologies in the 4th quarter worth $28,000. Versant Capital Management Inc grew its position in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC bought a new stake in Dell Technologies during the 4th quarter valued at $37,000. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Down 7.3 %

Dell Technologies stock opened at $71.57 on Monday. The business’s 50 day simple moving average is $101.57 and its 200 day simple moving average is $115.29. Dell Technologies Inc. has a 12 month low of $64.92 and a 12 month high of $179.70. The company has a market cap of $49.94 billion, a price-to-earnings ratio of 12.64, a PEG ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid 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 is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.93%. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 transaction, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 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 transaction of $87,000.00. Following the transaction, the director now directly owns 23,680 shares in the company, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 500,696 shares of company stock valued at $59,924,044. 46.70% of the stock is owned by insiders.

Analysts Set New Price Targets

DELL has been the subject of a number of analyst reports. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Bank of America lowered their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. JPMorgan Chase & Co. cut their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Morgan Stanley lowered their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research report on Thursday, February 13th. Finally, UBS Group cut their price objective 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. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $141.24.

About Dell Technologies

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).