Dodge & Cox Sells 7,295 Shares of Dell Technologies Inc. (NYSE:DELL)

Dodge & Cox reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 22.4% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 25,265 shares of the technology company’s stock after selling 7,295 shares during the period. Dodge & Cox’s holdings in Dell Technologies were worth $2,912,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new position in Dell Technologies during the fourth quarter worth about $455,029,000. Vanguard Group Inc. lifted its position in shares of Dell Technologies by 10.5% during the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after buying an additional 2,662,407 shares in the last quarter. Swedbank AB boosted its stake in shares of Dell Technologies by 803.6% in the 4th 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 grew its holdings in shares of Dell Technologies by 63.6% in the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock valued at $337,796,000 after acquiring an additional 1,139,318 shares in the last quarter. Finally, Franklin Resources Inc. increased its position in shares of 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 valued at $131,170,000 after acquiring an additional 1,002,117 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 completion of the sale, the chief accounting officer now directly owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. The trade was a 2.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 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. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Stock Up 0.4 %

Shares of NYSE DELL opened at $85.56 on Wednesday. The company has a market cap of $59.71 billion, a P/E ratio of 15.12, a P/E/G ratio of 1.10 and a beta of 0.94. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $179.70. The business has a 50-day simple moving average of $97.36 and a two-hundred day simple moving average of $112.88.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.45%. Dell Technologies’s dividend payout ratio is currently 33.76%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. TD Cowen cut their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company cut their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. The Goldman Sachs Group decreased their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. JPMorgan Chase & Co. dropped their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. Finally, UBS Group decreased their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $138.88.

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).