Commerzbank Aktiengesellschaft FI raised its holdings in Dell Technologies Inc. (NYSE:DELL – Free Report) by 637.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 19,333 shares of the technology company’s stock after purchasing an additional 16,711 shares during the quarter. Commerzbank Aktiengesellschaft FI’s holdings in Dell Technologies were worth $2,741,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in DELL. Retirement Systems of Alabama grew its holdings in Dell Technologies by 0.6% during the 3rd quarter. Retirement Systems of Alabama now owns 64,678 shares of the technology company’s stock worth $9,169,000 after acquiring an additional 394 shares during the last quarter. Sawgrass Asset Management LLC increased its holdings in shares of Dell Technologies by 1.9% in the third quarter. Sawgrass Asset Management LLC now owns 14,369 shares of the technology company’s stock valued at $2,037,000 after purchasing an additional 270 shares in the last quarter. Sagespring Wealth Partners LLC raised its position in Dell Technologies by 21.9% in the 3rd quarter. Sagespring Wealth Partners LLC now owns 4,391 shares of the technology company’s stock worth $622,000 after purchasing an additional 790 shares during the last quarter. Investment House LLC lifted its holdings in Dell Technologies by 0.5% during the 3rd quarter. Investment House LLC now owns 238,950 shares of the technology company’s stock worth $33,876,000 after buying an additional 1,225 shares in the last quarter. Finally, Biltmore Family Office LLC acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at $3,814,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.
Dell Technologies Stock Down 1.5%
Shares of DELL stock opened at $115.36 on Monday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $168.08. The firm has a fifty day moving average of $126.48 and a 200-day moving average of $133.73. The company has a market capitalization of $76.45 billion, a price-to-earnings ratio of 15.38, a P/E/G ratio of 0.77 and a beta of 1.03.
Dell Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th will be paid a $0.525 dividend. The ex-dividend date is Tuesday, January 20th. This represents a $2.10 annualized dividend and a yield of 1.8%. Dell Technologies’s payout ratio is presently 28.00%.
Insiders Place Their Bets
In other news, Director Egon Durban sold 71,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $138.12, for a total transaction of $9,806,520.00. Following the completion of the transaction, the director directly owned 1,172,428 shares of the company’s stock, valued at $161,935,755.36. This trade represents a 5.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 42.00% of the stock is currently owned by company insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently commented on DELL. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dell Technologies in a research report on Wednesday. Bank of America increased their price objective on shares of Dell Technologies from $160.00 to $163.00 and gave the company a “buy” rating in a report on Wednesday, November 26th. Dbs Bank upgraded shares of Dell Technologies to a “moderate buy” rating in a research report on Monday, January 5th. Citigroup reduced their price target on Dell Technologies from $175.00 to $165.00 and set a “buy” rating on the stock in a research report on Tuesday, January 20th. Finally, TD Cowen increased their target price on Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Eighteen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $161.26.
View Our Latest Analysis on DELL
Dell Technologies Company Profile
Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.
Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.
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