Zurich Insurance Group Ltd FI Has $29.16 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Zurich Insurance Group Ltd FI lowered its position in Dell Technologies Inc. (NYSE:DELL) by 43.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 253,022 shares of the technology company’s stock after selling 192,280 shares during the period. Zurich Insurance Group Ltd FI’s holdings in Dell Technologies were worth $29,158,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of DELL. Norges Bank acquired a new position in shares of Dell Technologies in the 4th quarter worth approximately $455,029,000. Vanguard Group Inc. lifted its position in shares of Dell Technologies by 10.5% in the 4th quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company’s stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Michael & Susan Dell Foundation acquired a new position in shares of Dell Technologies in the 4th quarter worth approximately $265,052,000. Janus Henderson Group PLC lifted its position in shares of Dell Technologies by 160.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company’s stock worth $348,814,000 after purchasing an additional 1,865,013 shares during the period. Finally, Swedbank AB lifted its position in shares of Dell Technologies by 803.6% in the 4th quarter. Swedbank AB now owns 1,901,112 shares of the technology company’s stock worth $219,084,000 after purchasing an additional 1,690,709 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on DELL shares. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. Wells Fargo & Company lowered their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. JPMorgan Chase & Co. lowered their price objective 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. The Goldman Sachs Group lowered their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research note on Monday, March 3rd. Finally, Barclays lifted 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. Three research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $134.76.

Insider Activity at Dell Technologies

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the business’s 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 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CFO Yvonne Mcgill sold 8,000 shares of the business’s 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 completion of the sale, the chief financial officer now owns 245,804 shares in the company, valued at approximately $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 46.70% of the stock is currently owned by company insiders.

Dell Technologies Trading Down 0.0%

Shares of DELL opened at $114.15 on Tuesday. The company has a market capitalization of $79.66 billion, a price-to-earnings ratio of 20.17, a PEG ratio of 1.10 and a beta of 0.99. The stock has a 50 day moving average of $92.21 and a 200 day moving average of $108.31. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.84%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date was Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) 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).