Northern Trust Corp Raises Holdings in Dell Technologies Inc. (NYSE:DELL)

Northern Trust Corp lifted its position in Dell Technologies Inc. (NYSE:DELL) by 16.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 3,317,258 shares of the technology company’s stock after purchasing an additional 460,483 shares during the quarter. Northern Trust Corp owned approximately 0.47% of Dell Technologies worth $382,281,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Dell Technologies during the 4th quarter worth $455,029,000. Vanguard Group Inc. raised its holdings in shares of Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock valued at $3,222,175,000 after buying an additional 2,662,407 shares during the last quarter. Swedbank AB boosted its stake in shares of Dell Technologies by 803.6% during the fourth quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after buying an additional 1,690,709 shares during the period. Bank of New York Mellon Corp grew its holdings in shares of Dell Technologies by 63.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after buying an additional 1,139,318 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in Dell Technologies by 5,047.4% in the 3rd quarter. Franklin Resources Inc. now owns 1,021,971 shares of the technology company’s stock valued at $131,170,000 after acquiring an additional 1,002,117 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Dell Technologies stock opened at $93.76 on Wednesday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $179.70. The stock’s 50 day moving average price is $92.23 and its 200 day moving average price is $110.72. The firm has a market capitalization of $65.43 billion, a PE ratio of 16.57, a price-to-earnings-growth ratio of 1.10 and a beta of 0.94.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 2.24%. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Wall Street Analyst Weigh In

DELL has been the topic of several analyst reports. Wells Fargo & Company lowered their target price on 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 boosted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $150.00 to $108.00 and set an “overweight” rating for the company in a research note on Thursday, April 17th. Citigroup dropped their price target on shares of Dell Technologies from $145.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Finally, Bank of America lowered their price objective on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. 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 has an average rating of “Moderate Buy” and an average target price of $134.65.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of Dell Technologies stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 46.70% of the stock is currently owned by insiders.

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).