Mitsubishi UFJ Trust & Banking Corp Boosts Position in Dell Technologies Inc. (NYSE:DELL)

Mitsubishi UFJ Trust & Banking Corp increased its position in Dell Technologies Inc. (NYSE:DELL) by 5.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 462,577 shares of the technology company’s stock after acquiring an additional 24,827 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Dell Technologies were worth $53,307,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Vision Financial Markets LLC bought a new position in Dell Technologies in the 4th quarter worth about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $28,000. True Wealth Design LLC lifted its position in Dell Technologies by 2,530.0% during the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Finally, Versant Capital Management Inc grew its stake in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the completion of the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. The trade was a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 824,937 shares of company stock worth $100,327,453. 46.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of research firms have recently issued reports on DELL. Melius Research lifted their price objective on shares of Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Morgan Stanley cut their price objective on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Citigroup reduced their price target on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a research report on Friday, February 21st. Finally, Loop Capital lowered their price objective on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Stock Performance

Shares of DELL stock opened at $98.72 on Wednesday. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70. The firm has a market cap of $69.15 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.10 and a beta of 0.83. The business’s 50 day moving average price is $105.17 and its 200-day moving average price is $116.59.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. 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 yield of 2.13%. The ex-dividend date of this dividend is Tuesday, April 22nd. Dell Technologies’s payout ratio is presently 33.76%.

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).