Los Angeles Capital Management LLC Acquires 6,625 Shares of Dell Technologies Inc. (NYSE:DELL)

Los Angeles Capital Management LLC grew its holdings in Dell Technologies Inc. (NYSE:DELL) by 204.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 9,860 shares of the technology company’s stock after acquiring an additional 6,625 shares during the period. Los Angeles Capital Management LLC’s holdings in Dell Technologies were worth $1,136,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Optimist Retirement Group LLC boosted its stake in Dell Technologies by 27.3% in the 3rd quarter. Optimist Retirement Group LLC now owns 2,157 shares of the technology company’s stock worth $256,000 after purchasing an additional 463 shares during the period. abrdn plc boosted its stake in Dell Technologies by 1,474.6% in the 3rd quarter. abrdn plc now owns 104,630 shares of the technology company’s stock worth $12,360,000 after purchasing an additional 97,985 shares during the period. First Trust Direct Indexing L.P. boosted its stake in Dell Technologies by 41.5% in the 3rd quarter. First Trust Direct Indexing L.P. now owns 4,698 shares of the technology company’s stock worth $557,000 after purchasing an additional 1,379 shares during the period. US Bancorp DE boosted its stake in Dell Technologies by 11.7% in the 3rd quarter. US Bancorp DE now owns 29,730 shares of the technology company’s stock worth $3,524,000 after purchasing an additional 3,116 shares during the period. Finally, Cigna Investments Inc. New boosted its stake in Dell Technologies by 7.4% in the 3rd quarter. Cigna Investments Inc. New now owns 2,788 shares of the technology company’s stock worth $331,000 after purchasing an additional 193 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the firm’s stock in a transaction on Monday, December 2nd. The stock was sold at an average price of $125.82, for a total value of $1,006,560.00. Following the transaction, the chief financial officer now owns 228,419 shares in the company, valued at approximately $28,739,678.58. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of Dell Technologies stock in a transaction on Wednesday, January 8th. The stock was sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the sale, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This trade represents a 38.10 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 937,407 shares of company stock worth $114,418,186. Insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 4.6 %

NYSE DELL opened at $102.85 on Friday. The stock has a market capitalization of $72.04 billion, a price-to-earnings ratio of 18.17, a PEG ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a twelve month low of $86.93 and a twelve month high of $179.70. The stock has a 50-day moving average of $112.57 and a 200 day moving average of $118.30.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be issued a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.04%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on DELL shares. Morgan Stanley dropped their price target on Dell Technologies from $154.00 to $128.00 and set an “overweight” rating for the company in a research note on Thursday, February 13th. Melius Research raised their price target on Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, November 27th. Bank of America cut their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating for the company in a report on Tuesday, February 18th. Wells Fargo & Company cut their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday. Finally, Deutsche Bank Aktiengesellschaft cut their price target on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Three equities 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 company currently has an average rating of “Moderate Buy” and a consensus price target of $143.53.

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).