Candriam S.C.A. Purchases 1,891 Shares of Dell Technologies Inc. (NYSE:DELL)

Candriam S.C.A. grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 1.9% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 101,812 shares of the technology company’s stock after buying an additional 1,891 shares during the quarter. Candriam S.C.A.’s holdings in Dell Technologies were worth $11,733,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. State Street Corp raised its holdings in shares of Dell Technologies by 92.4% in the 3rd quarter. State Street Corp now owns 12,767,011 shares of the technology company’s stock worth $1,513,401,000 after purchasing an additional 6,131,507 shares during the period. Geode Capital Management LLC raised its holdings in shares of Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company’s stock worth $746,596,000 after purchasing an additional 2,641,456 shares during the period. Bank of New York Mellon Corp raised its holdings in shares of Dell Technologies by 63.6% in the 4th quarter. Bank of New York Mellon Corp now owns 2,931,240 shares of the technology company’s stock worth $337,796,000 after purchasing an additional 1,139,318 shares during the period. Alkeon Capital Management LLC raised its holdings in shares of Dell Technologies by 48.3% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company’s stock worth $254,479,000 after purchasing an additional 699,204 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in shares of Dell Technologies by 12.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,938,713 shares of the technology company’s stock worth $223,417,000 after purchasing an additional 213,240 shares during the period. Institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DELL. The Goldman Sachs Group lowered their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a report on Monday, March 3rd. Wells Fargo & Company lowered their target price 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. JPMorgan Chase & Co. lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a report on Tuesday, February 11th. Citigroup lowered their target price on shares of Dell Technologies from $156.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, February 21st. Finally, Melius Research boosted their target price on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $91.37 on Friday. Dell Technologies Inc. has a 52-week low of $86.93 and a 52-week high of $179.70. The firm has a fifty day moving average of $110.13 and a 200 day moving average of $117.72. The firm has a market capitalization of $64.00 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be given a $0.525 dividend. 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. This represents a $2.10 annualized dividend and a yield of 2.30%. Dell Technologies’s payout ratio is 33.76%.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the business’s stock in a transaction on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the stock in a transaction dated Monday, December 16th. The stock was 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 directly owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 825,662 shares of company stock worth $100,414,453. Corporate insiders own 46.70% of the company’s stock.

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).