Royal London Asset Management Ltd. Buys 30,675 Shares of Dell Technologies Inc. (NYSE:DELL)

Royal London Asset Management Ltd. grew its stake in Dell Technologies Inc. (NYSE:DELL) by 36.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,409 shares of the technology company’s stock after acquiring an additional 30,675 shares during the period. Royal London Asset Management Ltd.’s holdings in Dell Technologies were worth $13,300,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of DELL. Optimist Retirement Group LLC grew its position in shares of Dell Technologies by 27.3% during the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after buying an additional 463 shares during the period. Thrivent Financial for Lutherans grew its position in shares of Dell Technologies by 529.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company’s stock worth $1,661,000 after buying an additional 11,783 shares during the period. Quest Partners LLC grew its position in shares of Dell Technologies by 17.0% during the 3rd quarter. Quest Partners LLC now owns 1,383 shares of the technology company’s stock worth $164,000 after buying an additional 201 shares during the period. Pathstone Holdings LLC grew its position in shares of Dell Technologies by 3.7% during the 3rd quarter. Pathstone Holdings LLC now owns 32,078 shares of the technology company’s stock worth $3,803,000 after buying an additional 1,136 shares during the period. Finally, B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Dell Technologies during the third quarter valued at approximately $1,225,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on DELL shares. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. UBS Group decreased their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a report on Friday, February 28th. The Goldman Sachs Group decreased their price objective on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a report on Monday, March 3rd. Morgan Stanley decreased their price objective on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. Finally, TD Cowen decreased their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Three analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction on Monday, January 6th. The shares were sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now directly owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the sale, the director now directly owns 23,680 shares in the company, valued at $2,841,600. This trade represents a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 824,937 shares of company stock valued at $100,327,453 over the last 90 days. 46.70% of the stock is owned by corporate insiders.

Dell Technologies Stock Down 1.3 %

Shares of DELL stock opened at $97.62 on Friday. The company’s fifty day simple moving average is $105.59 and its 200-day simple moving average is $116.61. The firm has a market cap of $68.38 billion, a PE ratio of 17.25, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.15%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s payout ratio is currently 33.76%.

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).