Franklin Resources Inc. Has $139.61 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Franklin Resources Inc. grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 18.5% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,211,499 shares of the technology company’s stock after purchasing an additional 189,528 shares during the quarter. Franklin Resources Inc. owned about 0.17% of Dell Technologies worth $139,613,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Optimist Retirement Group LLC raised its holdings in shares of Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock valued at $256,000 after purchasing an additional 463 shares during the period. Townsquare Capital LLC acquired a new position in Dell Technologies during the third quarter worth approximately $557,000. Public Sector Pension Investment Board bought a new stake in Dell Technologies in the third quarter valued at approximately $1,583,000. Captrust Financial Advisors lifted its position in shares of Dell Technologies by 23.4% in the third quarter. Captrust Financial Advisors now owns 27,309 shares of the technology company’s stock valued at $3,237,000 after buying an additional 5,181 shares during the last quarter. Finally, Benjamin Edwards Inc. bought a new position in shares of Dell Technologies during the 3rd quarter worth approximately $409,000. Institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other news, CAO Brunilda Rios sold 926 shares of Dell Technologies 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 transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible 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 value of $87,000.00. Following the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 825,863 shares of company stock valued at $100,413,839 over the last three months. 46.70% of the stock is owned by insiders.

Dell Technologies Stock Up 3.7 %

DELL stock opened at $95.32 on Thursday. The company has a market cap of $66.77 billion, a PE ratio of 16.84, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 52 week low of $86.93 and a 52 week high of $179.70. The business has a 50-day simple moving average of $103.15 and a 200 day simple moving average of $115.88.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.20%. 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 is 33.76%.

Analysts Set New Price Targets

DELL has been the topic of a number of research analyst reports. The Goldman Sachs Group dropped their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. UBS Group dropped their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a research report on Friday, February 28th. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Wells Fargo & Company lowered their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Finally, Loop Capital reduced their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. 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.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $141.24.

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).