Jasper Ridge Partners L.P. Acquires 1,151 Shares of Dell Technologies Inc. (NYSE:DELL)

Jasper Ridge Partners L.P. lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 0.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 220,725 shares of the technology company’s stock after acquiring an additional 1,151 shares during the period. Dell Technologies makes up about 0.8% of Jasper Ridge Partners L.P.’s holdings, making the stock its 19th largest holding. Jasper Ridge Partners L.P.’s holdings in Dell Technologies were worth $25,436,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in DELL. Principal Financial Group Inc. increased its holdings in Dell Technologies by 59.3% during the 3rd quarter. Principal Financial Group Inc. now owns 459,333 shares of the technology company’s stock worth $54,449,000 after acquiring an additional 170,984 shares during the period. Fortitude Family Office LLC grew its position in shares of Dell Technologies by 171.9% during the 4th quarter. Fortitude Family Office LLC now owns 435 shares of the technology company’s stock valued at $50,000 after purchasing an additional 275 shares in the last quarter. ORG Wealth Partners LLC bought a new position in shares of Dell Technologies in the fourth quarter worth $82,000. Graypoint LLC boosted its stake in Dell Technologies by 12.6% during the fourth quarter. Graypoint LLC now owns 2,348 shares of the technology company’s stock valued at $271,000 after buying an additional 262 shares during the period. Finally, Czech National Bank grew its position in Dell Technologies by 13.6% during the fourth quarter. Czech National Bank now owns 66,600 shares of the technology company’s stock worth $7,675,000 after buying an additional 7,999 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Down 0.2 %

Shares of Dell Technologies stock opened at $96.02 on Friday. The firm has a market cap of $67.01 billion, a PE ratio of 16.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. The company’s fifty day simple moving average is $90.16 and its two-hundred day simple moving average is $109.00. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were given a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.19%. Dell Technologies’s dividend payout ratio is presently 33.76%.

Insiders Place Their Bets

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the transaction, the chief accounting officer now directly owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 46.70% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on DELL shares. Barclays lifted their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Bank of America cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. The Goldman Sachs Group lowered their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Wells Fargo & Company cut their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $134.65.

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).