Dell Technologies Inc. (NYSE:DELL) Shares Purchased by Zions Bancorporation N.A.

Zions Bancorporation N.A. boosted its position in Dell Technologies Inc. (NYSE:DELL) by 53.7% in the 4th quarter, Holdings Channel reports. The firm owned 10,985 shares of the technology company’s stock after acquiring an additional 3,836 shares during the quarter. Zions Bancorporation N.A.’s holdings in Dell Technologies were worth $1,266,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth about $26,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies in the 4th quarter worth approximately $26,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $28,000. True Wealth Design LLC increased its holdings in shares of Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after purchasing an additional 253 shares during the last quarter. Finally, Versant Capital Management Inc lifted its position in Dell Technologies by 54.7% during the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after buying an additional 111 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

NYSE DELL opened at $98.72 on Wednesday. The firm has a market cap of $69.15 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 1.10 and a beta of 0.83. The firm has a 50 day simple moving average of $105.17 and a 200-day simple moving average of $116.59. Dell Technologies Inc. has a one year low of $86.93 and a one year high of $179.70.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is an increase 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 annualized dividend and a dividend yield of 2.13%. Dell Technologies’s payout ratio is 33.76%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. TD Cowen cut 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. Morgan Stanley reduced their target price on shares of Dell Technologies from $154.00 to $128.00 and set an “overweight” rating on the stock in a research note on Thursday, February 13th. Melius Research increased their price target on shares of Dell Technologies from $140.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, November 27th. Wells Fargo & Company reduced their price target on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Finally, Bank of America lowered their price objective 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 investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $141.24.

Insider Activity

In other Dell Technologies news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $120.00, for a total transaction of $87,000.00. Following the completion of the sale, the director now directly owns 23,680 shares of the company’s stock, valued at $2,841,600. The trade was a 2.97 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total transaction of $59,750,657.85. Following the completion of the transaction, the director now owns 810,657 shares in the company, valued at $97,059,962.61. This represents a 38.10 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 824,937 shares of company stock worth $100,327,453. Corporate insiders own 46.70% of the company’s stock.

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).