Dell Technologies Inc. (NYSE:DELL) Shares Bought by Temasek Holdings Private Ltd

Temasek Holdings Private Ltd lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 206,637 shares of the technology company’s stock after buying an additional 20,236 shares during the period. Temasek Holdings Private Ltd’s holdings in Dell Technologies were worth $23,813,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Park Avenue Securities LLC boosted its position in Dell Technologies by 33.8% during the 4th quarter. Park Avenue Securities LLC now owns 4,395 shares of the technology company’s stock worth $506,000 after acquiring an additional 1,110 shares during the period. Avanza Fonder AB bought a new stake in shares of Dell Technologies during the fourth quarter valued at about $3,897,000. Merit Financial Group LLC acquired a new stake in Dell Technologies in the fourth quarter worth about $417,000. Brooklyn Investment Group grew its position in Dell Technologies by 18.7% in the 4th quarter. Brooklyn Investment Group now owns 610 shares of the technology company’s stock valued at $70,000 after buying an additional 96 shares in the last quarter. Finally, InTrack Investment Management Inc increased its stake in Dell Technologies by 150.2% during the 4th quarter. InTrack Investment Management Inc now owns 13,516 shares of the technology company’s stock valued at $1,474,000 after buying an additional 8,113 shares during the period. 76.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research analyst reports. UBS Group reduced their price target on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Evercore ISI cut their target price on Dell Technologies from $145.00 to $120.00 and set an “outperform” rating for the company in a research report on Monday, April 28th. Loop Capital decreased their price target on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Finally, TD Cowen cut their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Three investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $135.06.

Dell Technologies Stock Up 3.1%

NYSE:DELL opened at $114.29 on Friday. The stock has a fifty day simple moving average of $91.82 and a 200 day simple moving average of $108.53. The firm has a market capitalization of $79.75 billion, a price-to-earnings ratio of 20.19, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $179.70.

Dell Technologies Increases Dividend

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

Insider Transactions at Dell Technologies

In other 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 completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at $3,540,168.92. This represents a 2.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction 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 transaction, the chief financial officer now owns 245,804 shares in the company, valued at $27,235,083.20. This represents a 3.15% decrease in their position. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by insiders.

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).