QRG Capital Management Inc. Increases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

QRG Capital Management Inc. boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 1.7% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 27,472 shares of the technology company’s stock after acquiring an additional 447 shares during the period. QRG Capital Management Inc.’s holdings in Dell Technologies were worth $3,166,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the business. Burns J W & Co. Inc. NY acquired a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $1,272,000. iA Global Asset Management Inc. lifted its stake in 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 valued at $1,345,000 after buying an additional 5,203 shares in the last quarter. National Pension Service grew its holdings in Dell Technologies by 8.8% during the 3rd quarter. National Pension Service now owns 620,406 shares of the technology company’s stock valued at $73,543,000 after buying an additional 50,304 shares during the last quarter. Sky Investment Group LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth $1,687,000. Finally, Enclave Advisors LLC purchased a new stake in shares of Dell Technologies in the fourth quarter valued at $848,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In related news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $125.82, for a total transaction of $1,006,560.00. Following the sale, the chief financial officer now directly owns 228,419 shares in the company, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 937,407 shares of company stock worth $114,418,186. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Performance

DELL opened at $102.85 on Friday. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The firm has a 50 day moving average price of $112.57 and a 200 day moving average price of $118.30. The company has a market cap of $72.04 billion, a PE ratio of 18.17, a price-to-earnings-growth ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is currently 31.45%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on DELL shares. Bank of America cut their target price on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research note on Tuesday, February 18th. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a report on Wednesday, November 20th. TD Cowen reduced their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating on the stock in a research note on Friday. Wells Fargo & Company cut their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday. Finally, Barclays increased their price target on Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a research note on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $143.53.

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).