Zurich Insurance Group Ltd FI Sells 192,280 Shares of Dell Technologies Inc. (NYSE:DELL)

Zurich Insurance Group Ltd FI lessened its position in Dell Technologies Inc. (NYSE:DELL) by 43.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 253,022 shares of the technology company’s stock after selling 192,280 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Dell Technologies were worth $29,158,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $455,029,000. Vanguard Group Inc. raised its stake in Dell Technologies by 10.5% in 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 acquiring an additional 2,662,407 shares during the period. Michael & Susan Dell Foundation acquired a new stake in Dell Technologies during the 4th quarter valued at $265,052,000. Janus Henderson Group PLC boosted its position in Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company’s stock worth $348,814,000 after purchasing an additional 1,865,013 shares during the period. Finally, Swedbank AB increased its holdings in shares of Dell Technologies by 803.6% in the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock valued at $219,084,000 after purchasing an additional 1,690,709 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Down 0.0%

Shares of Dell Technologies stock opened at $114.15 on Tuesday. The company has a market capitalization of $79.66 billion, a price-to-earnings ratio of 20.17, 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. The firm’s 50-day moving average price is $92.21 and its two-hundred day moving average price is $108.31.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd were paid a $0.525 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date of this dividend was Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insider Activity

In other news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s 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 sale, the chief financial officer now directly 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 transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 926 shares of the firm’s 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 sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $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

Several brokerages recently commented on DELL. Morgan Stanley reduced their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Mizuho boosted their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an “outperform” rating in a report on Monday. TD Cowen lowered their target price 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. Bank of America dropped their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Finally, Barclays increased their price objective on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research report on Friday, February 28th. Three research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $134.76.

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).