JBF Capital Inc. Reduces Stock Position in Dell Technologies Inc. (NYSE:DELL)

JBF Capital Inc. trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 60.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 30,000 shares of the technology company’s stock after selling 45,000 shares during the quarter. Dell Technologies accounts for approximately 0.6% of JBF Capital Inc.’s holdings, making the stock its 20th biggest holding. JBF Capital Inc.’s holdings in Dell Technologies were worth $3,457,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its holdings in shares of Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after acquiring an additional 2,662,407 shares during the last quarter. Capital World Investors lifted its stake in Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company’s stock worth $1,436,000,000 after purchasing an additional 72,271 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Dell Technologies by 8.7% during the fourth 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 period. Norges Bank bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $455,029,000. Finally, Bank of New York Mellon Corp raised 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 worth $337,796,000 after buying an additional 1,139,318 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $84.86 on Friday. The company has a market capitalization of $59.22 billion, a PE ratio of 14.99, a P/E/G ratio of 1.10 and a beta of 0.94. The company has a 50-day simple moving average of $95.82 and a two-hundred day simple moving average of $112.24. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70.

Dell Technologies Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is 33.76%.

Insider Activity at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated 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 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 37,948 shares of the company’s stock, 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 currently owned by corporate insiders.

Wall Street Analyst Weigh In

DELL has been the subject of a number of recent analyst reports. Bank of America dropped their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Barclays upped their price target on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price objective on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating for the company in a report on Thursday. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Finally, The Goldman Sachs Group decreased their price target on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target 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).