DNB Asset Management AS Has $50.13 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

DNB Asset Management AS lifted its position in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 59.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,246,419 shares of the technology company’s stock after purchasing an additional 466,856 shares during the period. DNB Asset Management AS’s holdings in Dell Technologies were worth $50,131,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of DELL. Yousif Capital Management LLC grew its stake in Dell Technologies by 5.2% in the 1st quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock valued at $306,000 after buying an additional 302 shares during the last quarter. Cresset Asset Management LLC grew its stake in Dell Technologies by 5.3% in the 1st quarter. Cresset Asset Management LLC now owns 6,390 shares of the technology company’s stock valued at $320,000 after buying an additional 321 shares during the last quarter. Miracle Mile Advisors LLC grew its stake in Dell Technologies by 1.7% in the 3rd quarter. Miracle Mile Advisors LLC now owns 21,288 shares of the technology company’s stock valued at $727,000 after buying an additional 363 shares during the last quarter. Private Trust Co. NA grew its position in shares of Dell Technologies by 55.4% during the 3rd quarter. Private Trust Co. NA now owns 1,108 shares of the technology company’s stock worth $38,000 after purchasing an additional 395 shares in the last quarter. Finally, Waldron Private Wealth LLC grew its position in shares of Dell Technologies by 2.0% during the 3rd quarter. Waldron Private Wealth LLC now owns 20,563 shares of the technology company’s stock worth $702,000 after purchasing an additional 405 shares in the last quarter. 26.42% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Down 2.2 %

NYSE:DELL traded down $0.83 on Friday, hitting $37.22. The company had a trading volume of 13,488,374 shares, compared to its average volume of 4,671,462. The stock has a market capitalization of $26.65 billion, a price-to-earnings ratio of 11.56, a PEG ratio of 0.75 and a beta of 1.03. The firm has a 50 day moving average of $40.57 and a two-hundred day moving average of $39.60. Dell Technologies Inc. has a 52 week low of $32.90 and a 52 week high of $55.30.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 5th. Investors of record on Tuesday, April 25th will be paid a $0.37 dividend. This is an increase from Dell Technologies’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, April 24th. This represents a $1.48 annualized dividend and a yield of 3.98%. Dell Technologies’s dividend payout ratio is presently 40.99%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, COO Anthony Charles Whitten sold 15,983 shares of the company’s stock in a transaction that occurred on Thursday, March 16th. The shares were sold at an average price of $36.49, for a total value of $583,219.67. Following the completion of the transaction, the chief operating officer now directly owns 841,207 shares in the company, valued at approximately $30,695,643.43. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 47.30% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on the stock. Barclays decreased their target price on shares of Dell Technologies from $41.00 to $40.00 in a research report on Friday, March 3rd. Credit Suisse Group restated an “outperform” rating and set a $50.00 target price on shares of Dell Technologies in a research report on Monday, March 6th. KGI Securities upgraded shares of Dell Technologies from a “neutral” rating to an “outperform” rating in a research report on Tuesday, March 14th. UBS Group cut their price target on shares of Dell Technologies from $65.00 to $60.00 and set a “buy” rating for the company in a report on Tuesday, November 22nd. Finally, Deutsche Bank Aktiengesellschaft cut their price target on shares of Dell Technologies from $48.00 to $45.00 and set a “buy” rating for the company in a report on Friday, March 3rd. Six research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.

Dell Technologies Company Profile

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Dell Technologies, Inc is a holding company, which engages in the provision of information technology hardware, software, and service solutions through its subsidiaries. It operates through the following segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment includes servers, networking, and storage, as well as services and third-party software and peripherals that are closely tied to the sale of ISG hardware.