Zions Bancorporation N.A. Purchases 3,836 Shares of Dell Technologies Inc. (NYSE:DELL)

Zions Bancorporation N.A. lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 53.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,985 shares of the technology company’s stock after buying 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 quarter.

Several other institutional investors have also recently made changes to their positions in the company. Vision Financial Markets LLC purchased a new position in Dell Technologies during the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $26,000. Byrne Asset Management LLC purchased a new position in Dell Technologies during the fourth quarter valued at approximately $28,000. True Wealth Design LLC raised its stake in Dell Technologies by 2,530.0% in the third quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock worth $31,000 after buying an additional 253 shares in the last quarter. Finally, Versant Capital Management Inc lifted its holdings 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 during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies 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 sale, the director now owns 23,680 shares of the company’s stock, valued at approximately $2,841,600. This trade represents a 2.97 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s 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 transaction, the director now owns 810,657 shares of the company’s stock, 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 valued at $100,327,453. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 1.1 %

Shares of DELL stock opened at $98.72 on Wednesday. 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 $105.17 and a 200 day moving average of $116.59. The stock has a market cap of $69.15 billion, a P/E ratio of 17.44, a P/E/G ratio of 1.10 and a beta of 0.83.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd will be paid a $0.525 dividend. This is a boost from Dell Technologies’s previous quarterly dividend of $0.45. This represents a $2.10 annualized dividend and a dividend yield of 2.13%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s payout ratio is currently 33.76%.

Analysts Set New Price Targets

Several research analysts have recently commented on DELL shares. The Goldman Sachs Group reduced their price target on Dell Technologies from $165.00 to $145.00 and set a “buy” rating for the company in a research report on Monday, March 3rd. Barclays boosted their target price on shares of Dell Technologies from $115.00 to $116.00 and gave the stock an “equal weight” rating in a report on Friday, February 28th. Mizuho lowered their price target on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating on the stock in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a research note on Monday, December 2nd. Finally, Loop Capital lowered their target price on shares of Dell Technologies from $185.00 to $130.00 and set a “buy” rating for the company in a research note on Tuesday, March 4th. Three investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $141.24.

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).