BI Asset Management Fondsmaeglerselskab A S Has $10.98 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

BI Asset Management Fondsmaeglerselskab A S trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 30.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 95,289 shares of the technology company’s stock after selling 42,344 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in Dell Technologies were worth $10,981,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of DELL. Vanguard Group Inc. increased its holdings in 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 purchasing an additional 2,662,407 shares in the last quarter. Capital World Investors grew its holdings in shares of Dell Technologies by 0.6% during the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock worth $1,436,000,000 after buying an additional 72,271 shares in the last quarter. Geode Capital Management LLC raised its position in Dell Technologies by 8.7% in the 4th quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company’s stock valued at $789,680,000 after buying an additional 552,213 shares during the last quarter. Norges Bank bought a new stake in Dell Technologies in the 4th quarter valued at approximately $455,029,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Dell Technologies by 63.6% during the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after acquiring an additional 1,139,318 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $84.86 on Friday. The firm has a 50-day moving average of $95.82 and a 200-day moving average of $112.24. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $179.70. The stock has a market cap of $59.22 billion, a PE ratio of 14.99, a PEG ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. The ex-dividend date 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 dividend yield of 2.47%. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insider Activity

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was 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 owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CAO Brunilda Rios sold 926 shares of the stock in a transaction dated Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

DELL has been the subject of several recent research reports. TD Cowen reduced their target price on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Loop Capital decreased their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Citigroup cut their price objective on Dell Technologies from $145.00 to $105.00 and set a “buy” rating for the company in a report on Monday, April 14th. Wells Fargo & Company lowered their target price 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. Finally, UBS Group cut 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 research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $136.41.

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).