Freemont Management S.A. Purchases Shares of 16,000 Dell Technologies Inc. (NYSE:DELL)

Freemont Management S.A. acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 16,000 shares of the technology company’s stock, valued at approximately $1,844,000.

Several other large investors also recently modified their holdings of DELL. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at approximately $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the 4th quarter valued at $28,000. True Wealth Design LLC boosted its position in Dell Technologies by 2,530.0% in the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after buying an additional 253 shares during the last quarter. Versant Capital Management Inc boosted its position in Dell Technologies by 54.7% in the 4th 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. Finally, Stonebridge Financial Group LLC bought a new position in Dell Technologies in the 4th quarter valued at $37,000. 76.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent research reports. Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. The Goldman Sachs Group decreased their price objective on Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research report on Monday, March 3rd. Evercore ISI reiterated an “outperform” rating and issued a $150.00 price objective on shares of Dell Technologies in a research report on Wednesday, November 20th. Barclays increased their price target on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Finally, Mizuho cut their price target on Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 27th. Three research 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 stock currently has a consensus rating of “Moderate Buy” and an average target price of $141.24.

Dell Technologies Trading Up 2.0 %

Shares of Dell Technologies stock opened at $97.60 on Tuesday. The company has a market capitalization of $68.36 billion, a PE ratio of 17.24, a PEG ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70. The stock’s fifty day simple moving average is $107.25 and its 200 day simple moving average is $117.08.

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 dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.15%. The ex-dividend date of this dividend is Tuesday, April 22nd. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) 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 dated 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 sale, the director now owns 810,657 shares of the company’s stock, valued at $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Wednesday, January 22nd. The shares were 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 in the company, valued at $2,841,600. This represents a 2.97 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 824,937 shares of company stock valued at $100,327,453. 46.70% of the stock is 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).