Ameriprise Financial Inc. Acquires 1,082,087 Shares of Dell Technologies Inc. (NYSE:DELL)

Ameriprise Financial Inc. raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 224.4% during the 4th quarter, Holdings Channel reports. The fund owned 1,564,196 shares of the technology company’s stock after purchasing an additional 1,082,087 shares during the period. Ameriprise Financial Inc.’s holdings in Dell Technologies were worth $180,257,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Bellwether Advisors LLC bought a new stake in Dell Technologies during the fourth quarter valued at about $25,000. Vision Financial Markets LLC bought a new stake in shares of Dell Technologies in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies during the fourth quarter valued at approximately $28,000. Finally, Versant Capital Management Inc boosted its stake in Dell Technologies by 54.7% in the fourth quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock valued at $36,000 after acquiring an additional 111 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 926 shares of the stock in a transaction that occurred on Friday, March 28th. The stock was sold at an average price of $93.29, for a total transaction of $86,386.54. Following the transaction, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 46.70% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages have recently commented on DELL. 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. Barclays increased their price target on Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research note on Friday, February 28th. Citigroup cut their price objective on shares of Dell Technologies from $145.00 to $105.00 and set a “buy” rating on the stock in a report on Monday, April 14th. Wells Fargo & Company lowered their target price on shares of Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, Bank of America cut their price target on shares of Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research note on Tuesday, February 18th. Three research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $134.65.

Dell Technologies Trading Down 0.3 %

Shares of DELL stock opened at $94.08 on Wednesday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $179.70. The stock has a market cap of $65.65 billion, a P/E ratio of 16.62, a P/E/G ratio of 1.10 and a beta of 0.99. The stock has a 50 day moving average of $90.25 and a 200 day moving average of $109.54.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, May 2nd. Investors of record on Tuesday, April 22nd were 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 2.23%. The ex-dividend date was Tuesday, April 22nd. Dell Technologies’s payout ratio is currently 33.76%.

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).