iA Global Asset Management Inc. Boosts Stock Position in Dell Technologies Inc. (NYSE:DELL)

iA Global Asset Management Inc. lifted its position in Dell Technologies Inc. (NYSE:DELL) by 395.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,246 shares of the technology company’s stock after purchasing an additional 44,901 shares during the quarter. iA Global Asset Management Inc.’s holdings in Dell Technologies were worth $6,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies during the 4th quarter valued at approximately $28,000. True Wealth Design LLC raised its position in Dell Technologies by 2,530.0% during the 3rd 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. Versant Capital Management Inc raised its position in Dell Technologies by 54.7% during the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after purchasing an additional 111 shares during the last quarter. Finally, Stonebridge Financial Group LLC bought a new position in Dell Technologies during the 4th quarter valued at approximately $37,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Bank of America lowered their price target 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. Barclays upped their price target on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. UBS Group reduced their target price on Dell Technologies from $158.00 to $150.00 and set a “buy” rating on the stock in a report on Friday, February 28th. Melius Research upped their target price on Dell Technologies from $140.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, November 27th. Finally, OTR Global upgraded Dell Technologies from a “negative” rating to a “positive” rating in a report on Wednesday, February 12th. Three analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

Dell Technologies Trading Up 0.0 %

Shares of DELL opened at $98.75 on Friday. The business’s fifty day simple moving average is $105.93 and its two-hundred day simple moving average is $116.69. Dell Technologies Inc. has a 12 month low of $86.93 and a 12 month high of $179.70. The company has a market cap of $69.17 billion, a price-to-earnings ratio of 17.45, a P/E/G ratio of 1.10 and a beta of 0.83.

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 paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.13%. 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. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of the 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 directly owns 23,680 shares in the company, valued at $2,841,600. The trade was a 2.97 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 824,937 shares of company stock worth $100,327,453. Insiders own 46.70% of the company’s stock.

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).