Panoramic Capital LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Panoramic Capital LLC bought a new position in Dell Technologies Inc. (NYSE:DELL) in the fourth quarter, HoldingsChannel.com reports. The institutional investor bought 17,063 shares of the technology company’s stock, valued at approximately $1,966,000. Dell Technologies accounts for approximately 1.1% of Panoramic Capital LLC’s investment portfolio, making the stock its 24th largest position.

A number of other hedge funds have also added to or reduced their stakes in the business. Norges Bank purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $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 valued at $3,222,175,000 after buying an additional 2,662,407 shares during the last quarter. Michael & Susan Dell Foundation purchased a new position in shares of Dell Technologies during the 4th quarter valued at $265,052,000. Janus Henderson Group PLC lifted its position in shares of Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company’s stock valued at $348,814,000 after buying an additional 1,865,013 shares during the last quarter. Finally, Swedbank AB lifted its position in shares of Dell Technologies by 803.6% during the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock valued at $219,084,000 after buying an additional 1,690,709 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on DELL shares. TD Cowen decreased their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday, February 28th. Morgan Stanley lowered their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a report on Thursday, February 13th. Evercore ISI lowered their price target on Dell Technologies from $145.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Barclays raised their price target on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. Finally, Bank of America lowered their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $133.71.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction on Friday, March 28th. The stock was sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 46.70% of the stock is owned by company insiders.

Dell Technologies Trading Up 4.3%

Shares of NYSE:DELL opened at $107.85 on Wednesday. The stock has a fifty day simple moving average of $90.57 and a two-hundred day simple moving average of $108.78. The stock has a market capitalization of $75.26 billion, a price-to-earnings ratio of 19.05, a PEG ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $179.70.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.95%. Dell Technologies’s payout ratio is presently 33.76%.

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).