Fisher Asset Management LLC Makes New Investment in Dell Technologies Inc. (NYSE:DELL)

Fisher Asset Management LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 5,945 shares of the technology company’s stock, valued at approximately $685,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Optimist Retirement Group LLC boosted 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 valued at $256,000 after acquiring an additional 463 shares in the last quarter. Farther Finance Advisors LLC boosted its position in shares of Dell Technologies by 74.3% during the 3rd quarter. Farther Finance Advisors LLC now owns 840 shares of the technology company’s stock valued at $100,000 after acquiring an additional 358 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Dell Technologies by 24.6% during the 3rd quarter. Janney Montgomery Scott LLC now owns 97,360 shares of the technology company’s stock valued at $11,541,000 after acquiring an additional 19,219 shares in the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Dell Technologies by 11.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 126,216 shares of the technology company’s stock valued at $14,962,000 after acquiring an additional 12,787 shares in the last quarter. Finally, QRG Capital Management Inc. boosted its position in shares of Dell Technologies by 5.8% during the 3rd quarter. QRG Capital Management Inc. now owns 27,025 shares of the technology company’s stock valued at $3,204,000 after acquiring an additional 1,471 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on DELL shares. JPMorgan Chase & Co. decreased their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Tuesday, February 11th. Bank of America cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Citigroup cut their price target on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating for the company in a report on Friday, February 21st. OTR Global raised shares of Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Finally, Loop Capital cut their price target on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $93.00 on Friday. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70. The company has a 50 day moving average of $110.65 and a 200-day moving average of $117.86. The stock has a market cap of $65.14 billion, a price-to-earnings ratio of 16.43, a P/E/G ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 annualized dividend and a dividend yield of 2.26%. Dell Technologies’s payout ratio is currently 33.76%.

Insider Transactions at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the business’s stock in a transaction that occurred on Monday, December 16th. The shares were sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the transaction, the director now owns 810,657 shares of the company’s stock, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 825,662 shares of company stock worth $100,414,453 in the last quarter. 46.70% of the stock is owned by company insiders.

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).