Elo Mutual Pension Insurance Co Grows Position in Dell Technologies Inc. (NYSE:DELL)

Elo Mutual Pension Insurance Co increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 36.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 33,893 shares of the technology company’s stock after purchasing an additional 9,051 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Dell Technologies were worth $3,906,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the fourth quarter worth $26,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the 4th quarter worth about $26,000. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies in the 4th quarter valued at about $28,000. True Wealth Design LLC grew its stake in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after purchasing an additional 253 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after buying an additional 111 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on DELL shares. Citigroup decreased their target price on Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a research report on Friday, February 21st. Wells Fargo & Company lowered their target price 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. Bank of America reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. Deutsche Bank Aktiengesellschaft cut their target price on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a report on Monday, December 2nd. Finally, Morgan Stanley lowered their target price on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a report on Thursday, February 13th. 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $141.24.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $92.35 on Friday. The stock has a 50-day simple moving average of $104.31 and a 200-day simple moving average of $116.21. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70. The firm has a market cap of $64.68 billion, a price-to-earnings ratio of 16.32, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 2.27%. 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 presently 33.76%.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction that occurred on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total value of $59,750,657.85. Following the transaction, the director now directly owns 810,657 shares of the company’s stock, valued at $97,059,962.61. The trade was a 38.10 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the firm’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 completion of the sale, the director now owns 23,680 shares in the company, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 824,937 shares of company stock worth $100,327,453. Corporate insiders own 46.70% of the company’s stock.

About Dell Technologies

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).