Ilmarinen Mutual Pension Insurance Co Increases Position in Dell Technologies Inc. (NYSE:DELL)

Ilmarinen Mutual Pension Insurance Co boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 78.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 125,000 shares of the technology company’s stock after purchasing an additional 55,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co’s holdings in Dell Technologies were worth $14,405,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Burns J W & Co. Inc. NY bought a new stake in Dell Technologies during the 4th quarter valued at approximately $1,272,000. iA Global Asset Management Inc. lifted its holdings in shares of Dell Technologies by 84.7% in the 3rd quarter. iA Global Asset Management Inc. now owns 11,345 shares of the technology company’s stock worth $1,345,000 after acquiring an additional 5,203 shares during the last quarter. Sky Investment Group LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $1,687,000. Enclave Advisors LLC purchased a new stake in Dell Technologies in the fourth quarter worth $848,000. Finally, Empowered Funds LLC increased its stake in Dell Technologies by 12.9% in the 4th 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. Institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on DELL shares. Barclays upped their target price on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. UBS Group dropped their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. TD Cowen reduced their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. Loop Capital dropped their price target on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research report on Tuesday, March 4th. Finally, Wells Fargo & Company reduced their target price on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $141.24.

Insiders Place Their Bets

In related news, CAO Brunilda Rios sold 926 shares of the 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 transaction, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction 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 completion of the sale, the director now owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 825,863 shares of company stock worth $100,413,839 in the last 90 days. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $71.57 on Friday. The company has a market cap of $50.13 billion, a price-to-earnings ratio of 12.64, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. The stock’s 50-day moving average is $101.57 and its two-hundred day moving average is $115.31. Dell Technologies Inc. has a 1-year low of $69.42 and a 1-year high of $179.70.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.93%. Dell Technologies’s dividend payout ratio (DPR) is 33.76%.

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).