US Bancorp DE Acquires 3,224 Shares of Dell Technologies Inc. (NYSE:DELL)

US Bancorp DE boosted its position in Dell Technologies Inc. (NYSE:DELL) by 10.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,954 shares of the technology company’s stock after buying an additional 3,224 shares during the period. US Bancorp DE’s holdings in Dell Technologies were worth $3,798,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Byrne Asset Management LLC bought a new stake in Dell Technologies in the 4th quarter valued at about $28,000. True Wealth Design LLC increased 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 in the last quarter. Covestor Ltd increased its position in Dell Technologies by 290.7% in the 3rd quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after buying an additional 218 shares in the last quarter. Versant Capital Management Inc increased 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 in the last quarter. Finally, Stonebridge Financial Group LLC bought a new stake in Dell Technologies in the 4th quarter valued at about $37,000. 76.37% of the stock is owned by institutional investors.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $120.00, for a total value of $87,000.00. Following the transaction, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company’s stock in a transaction on Friday, December 6th. The stock was sold at an average price of $125.28, for a total transaction of $12,997,173.60. Following the completion of the transaction, the director now directly owns 777,347 shares in the company, valued at approximately $97,386,032.16. The trade was a 11.77 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 929,407 shares of company stock valued at $113,411,626. 46.70% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on DELL shares. UBS Group cut their price target 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. TD Cowen cut their price target 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. 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 research note on Monday, December 2nd. Evercore ISI reiterated an “outperform” rating and set a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Finally, Loop Capital cut their target price on Dell Technologies from $185.00 to $130.00 and set a “buy” rating on the stock in a research note on Tuesday. Three equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $141.24.

Dell Technologies Price Performance

Shares of DELL stock opened at $97.31 on Thursday. The company’s fifty day simple moving average is $111.17 and its two-hundred day simple moving average is $118.04. Dell Technologies Inc. has a 1 year low of $86.93 and a 1 year high of $179.70. The stock has a market capitalization of $68.16 billion, a price-to-earnings ratio of 17.19, a PEG ratio of 1.10 and a beta of 0.90.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 2.16%. Dell Technologies’s payout ratio is presently 33.76%.

Dell Technologies 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).