Metis Global Partners LLC Acquires 630 Shares of Dell Technologies Inc. (NYSE:DELL)

Metis Global Partners LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 4.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 15,805 shares of the technology company’s stock after purchasing an additional 630 shares during the quarter. Metis Global Partners LLC’s holdings in Dell Technologies were worth $1,821,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in DELL. Providence First Trust Co acquired a new position in Dell Technologies in the fourth quarter worth about $158,000. US Bancorp DE raised its holdings in shares of Dell Technologies by 10.8% in the 4th quarter. US Bancorp DE now owns 32,954 shares of the technology company’s stock worth $3,798,000 after buying an additional 3,224 shares in the last quarter. Fisher Asset Management LLC bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $685,000. SVB Wealth LLC acquired a new stake in Dell Technologies in the 4th quarter valued at $913,000. Finally, Mutual of America Capital Management LLC grew its position in Dell Technologies by 4.0% in the fourth quarter. Mutual of America Capital Management LLC now owns 36,792 shares of the technology company’s stock valued at $4,240,000 after acquiring an additional 1,417 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on DELL. JPMorgan Chase & Co. reduced their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 11th. OTR Global upgraded shares of Dell Technologies from a “negative” rating to a “positive” rating in a research report on Wednesday, February 12th. TD Cowen dropped their price objective on shares of Dell Technologies from $128.00 to $120.00 and set a “hold” rating for the company in a report on Friday. Bank of America reduced their target price on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a report on Tuesday, February 18th. Finally, Wells Fargo & Company dropped their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a report on Friday. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $143.53.

Dell Technologies Price Performance

DELL stock opened at $102.85 on Monday. The stock has a market capitalization of $72.04 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.10 and a beta of 0.90. Dell Technologies Inc. has a fifty-two week low of $86.93 and a fifty-two week high of $179.70. The business has a 50-day moving average of $112.57 and a 200-day moving average of $118.41.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 2nd. Stockholders of record on Tuesday, April 22nd will be paid a dividend of $0.525 per share. 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 2.04%. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is currently 33.76%.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 103,745 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 777,347 shares in the company, valued at $97,386,032.16. This represents a 11.77 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the firm’s stock in a transaction 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 directly 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. Insiders have sold 929,407 shares of company stock worth $113,411,626 over the last ninety days. 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).