Citizens Financial Group Inc. RI Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Citizens Financial Group Inc. RI raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 6.6% during the fourth quarter, Holdings Channel.com reports. The firm owned 7,790 shares of the technology company’s stock after purchasing an additional 485 shares during the period. Citizens Financial Group Inc. RI’s holdings in Dell Technologies were worth $898,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Parker Investment Management LLC raised its position in Dell Technologies by 7.3% in the fourth quarter. Parker Investment Management LLC now owns 15,855 shares of the technology company’s stock valued at $1,827,000 after purchasing an additional 1,079 shares during the period. Tortoise Investment Management LLC raised its holdings in shares of Dell Technologies by 23.0% in the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company’s stock valued at $62,000 after buying an additional 100 shares during the period. Independent Advisor Alliance raised its holdings in shares of Dell Technologies by 63.9% in the 4th quarter. Independent Advisor Alliance now owns 5,611 shares of the technology company’s stock valued at $647,000 after buying an additional 2,187 shares during the period. Johnson Investment Counsel Inc. raised its holdings in shares of Dell Technologies by 19.4% in the 4th quarter. Johnson Investment Counsel Inc. now owns 2,065 shares of the technology company’s stock valued at $238,000 after buying an additional 336 shares during the period. Finally, Objectivity Squared LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $94.62 on Thursday. The stock has a market cap of $66.27 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The stock has a 50-day simple moving average of $108.75 and a 200-day simple moving average of $117.38.

Dell Technologies Increases Dividend

The company 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 is Tuesday, April 22nd. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 dividend on an annualized basis and a dividend yield of 2.22%. Dell Technologies’s dividend payout ratio is 33.76%.

Wall Street Analyst Weigh In

DELL has been the topic of several research analyst reports. Barclays boosted their price objective on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a report on Friday, February 28th. UBS Group lowered their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. Loop Capital lowered their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Mizuho lowered their target price on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Finally, OTR Global raised Dell Technologies from a “negative” rating to a “positive” rating in a research note on Wednesday, February 12th. 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, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

Insider Activity at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $120.00, for a total value of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. This represents a 2.97 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the company’s stock in a transaction that occurred on Monday, January 6th. The shares were sold at an average price of $124.52, for a total value 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 disclosure for this sale can be found here. Insiders sold a total of 825,662 shares of company stock valued at $100,414,453 in the last three months. 46.70% of the stock is currently owned by company insiders.

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).