PNC Financial Services Group Inc. Buys 7,811 Shares of Dell Technologies Inc. (NYSE:DELL)

PNC Financial Services Group Inc. raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 15.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,882 shares of the technology company’s stock after acquiring an additional 7,811 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Dell Technologies were worth $6,555,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Bank Julius Baer & Co. Ltd Zurich boosted its position in Dell Technologies by 13.0% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 5,852 shares of the technology company’s stock valued at $744,000 after acquiring an additional 674 shares in the last quarter. Mesirow Financial Investment Management Inc. boosted its position in Dell Technologies by 5.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,359 shares of the technology company’s stock valued at $272,000 after acquiring an additional 124 shares in the last quarter. Andra AP fonden boosted its position in Dell Technologies by 20.3% during the 4th quarter. Andra AP fonden now owns 507,210 shares of the technology company’s stock valued at $58,451,000 after acquiring an additional 85,600 shares in the last quarter. Ashton Thomas Private Wealth LLC bought a new stake in Dell Technologies during the 4th quarter valued at $527,000. Finally, E Fund Management Co. Ltd. lifted its holdings in shares of Dell Technologies by 50.0% during the 4th quarter. E Fund Management Co. Ltd. now owns 6,231 shares of the technology company’s stock valued at $718,000 after purchasing an additional 2,078 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL opened at $94.62 on Thursday. The business’s 50-day moving average is $108.75 and its two-hundred day moving average is $117.38. The company has a market capitalization of $66.27 billion, a P/E ratio of 16.72, a P/E/G ratio of 1.10 and a beta of 0.83. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70.

Dell Technologies Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be given a dividend of $0.525 per share. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a yield of 2.22%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction dated 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 $97,059,962.61. This trade represents a 38.10 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 325,167 shares of the firm’s stock in a transaction dated Monday, January 6th. The shares were sold at an average price of $124.52, for a total value of $40,489,794.84. Following the sale, the director now owns 810,657 shares in the company, valued at $100,943,009.64. This trade represents a 28.63 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 825,662 shares of company stock valued at $100,414,453. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. TD Cowen decreased their price objective on Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday, February 28th. Loop Capital decreased their price objective on Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a report on Tuesday, March 4th. Wells Fargo & Company decreased their price objective on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday, February 28th. Finally, Evercore ISI reiterated an “outperform” rating and set a $150.00 price objective on shares of Dell Technologies in a report on Wednesday, November 20th. 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 a consensus price target of $141.24.

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).