Triglav Skladi D.O.O. Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Triglav Skladi D.O.O. purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, Holdings Channel.com reports. The fund purchased 10,500 shares of the technology company’s stock, valued at approximately $1,210,000.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sky Investment Group LLC purchased a new stake in Dell Technologies during the fourth quarter worth about $1,687,000. Enclave Advisors LLC purchased a new stake in shares of Dell Technologies during the fourth quarter worth approximately $848,000. Empowered Funds LLC increased its stake in shares of Dell Technologies by 12.9% during the fourth quarter. Empowered Funds LLC now owns 30,388 shares of the technology company’s stock worth $3,502,000 after buying an additional 3,470 shares during the period. Bay Rivers Group purchased a new stake in shares of Dell Technologies during the fourth quarter worth approximately $2,347,000. Finally, Newbridge Financial Services Group Inc. increased its stake in shares of Dell Technologies by 163.6% during the fourth quarter. Newbridge Financial Services Group Inc. now owns 16,566 shares of the technology company’s stock worth $1,909,000 after buying an additional 10,281 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DELL. JPMorgan Chase & Co. cut their target price on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, April 17th. Wells Fargo & Company cut 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 Friday, February 28th. Barclays upped their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday, February 28th. Raymond James upped their target price on shares of Dell Technologies from $139.00 to $144.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 13th. Finally, Citigroup upped their price target on Dell Technologies from $105.00 to $128.00 and gave the company a “buy” rating in a report on Friday. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $135.06.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $114.29 on Monday. The firm has a market capitalization of $79.75 billion, a PE ratio of 20.19, a P/E/G ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70. The business’s fifty day moving average price is $91.82 and its two-hundred day moving average price is $108.43.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were issued a dividend of $0.525 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

Insider Buying and Selling

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 completion of the sale, the chief accounting officer now directly owns 37,948 shares in the company, valued at $3,540,168.92. The trade was a 2.38% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total value of $886,400.00. Following the transaction, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. This trade represents a 3.15% decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is owned by corporate insiders.

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).