Fiduciary Trust Co Acquires 36,396 Shares of Dell Technologies Inc. (NYSE:DELL)

Fiduciary Trust Co lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 116.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,544 shares of the technology company’s stock after purchasing an additional 36,396 shares during the quarter. Fiduciary Trust Co’s holdings in Dell Technologies were worth $7,784,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in DELL. Cladis Investment Advisory LLC increased its holdings in Dell Technologies by 19.4% in the 4th quarter. Cladis Investment Advisory LLC now owns 10,780 shares of the technology company’s stock valued at $1,242,000 after buying an additional 1,748 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Dell Technologies by 110.1% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 433,181 shares of the technology company’s stock valued at $49,920,000 after purchasing an additional 227,033 shares in the last quarter. EP Wealth Advisors LLC boosted its holdings in shares of Dell Technologies by 17.1% in the 4th quarter. EP Wealth Advisors LLC now owns 6,528 shares of the technology company’s stock valued at $752,000 after purchasing an additional 952 shares in the last quarter. Colonial Trust Co SC increased its stake in shares of Dell Technologies by 641.5% in the 4th quarter. Colonial Trust Co SC now owns 482 shares of the technology company’s stock valued at $56,000 after purchasing an additional 417 shares during the last quarter. Finally, CoreCap Advisors LLC lifted its position in shares of Dell Technologies by 77.6% during the 4th quarter. CoreCap Advisors LLC now owns 1,181 shares of the technology company’s stock worth $136,000 after buying an additional 516 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of the firm’s stock in a transaction that occurred on Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at $3,540,168.92. This trade represents a 2.38 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 46.70% of the stock is currently owned by corporate insiders.

Dell Technologies Trading Down 0.2 %

Shares of DELL opened at $96.02 on Friday. The firm’s fifty day simple moving average is $90.16 and its two-hundred day simple moving average is $109.08. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70. The stock has a market capitalization of $67.01 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were paid a dividend of $0.525 per share. The ex-dividend date was Tuesday, April 22nd. This represents a $2.10 annualized dividend and a yield of 2.19%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Analyst Ratings Changes

Several research analysts have commented on the company. TD Cowen lowered their target price on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a research note on Friday, February 28th. UBS Group dropped their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research note on Friday, February 28th. The Goldman Sachs Group decreased their target price on shares of Dell Technologies from $165.00 to $145.00 and set a “buy” rating on the stock in a research note on Monday, March 3rd. Evercore ISI cut their price objective on Dell Technologies from $145.00 to $120.00 and set an “outperform” rating on the stock in a report on Monday, April 28th. Finally, Bank of America dropped their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a research report on Tuesday, February 18th. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $134.65.

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).