Voya Investment Management LLC Sells 695,513 Shares of Dell Technologies Inc. (NYSE:DELL)

Voya Investment Management LLC reduced its position in Dell Technologies Inc. (NYSE:DELL) by 49.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 698,608 shares of the technology company’s stock after selling 695,513 shares during the quarter. Voya Investment Management LLC owned approximately 0.10% of Dell Technologies worth $80,508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Vision Financial Markets LLC purchased a new position in shares of Dell Technologies in the fourth quarter worth $26,000. Lee Danner & Bass Inc. purchased a new position in shares of Dell Technologies in the 4th quarter worth approximately $26,000. Byrne Asset Management LLC bought a new position in Dell Technologies during the fourth quarter valued at $28,000. Versant Capital Management Inc raised its position in Dell Technologies by 54.7% in the 4th quarter. Versant Capital Management Inc now owns 314 shares of the technology company’s stock worth $36,000 after purchasing an additional 111 shares during the period. Finally, Stonebridge Financial Group LLC purchased a new stake in shares of Dell Technologies in the fourth quarter worth approximately $37,000. 76.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barclays boosted their price objective on shares of Dell Technologies from $115.00 to $116.00 and gave the company an “equal weight” rating in a research report on Friday, February 28th. Citigroup cut their target price on Dell Technologies from $145.00 to $105.00 and set a “buy” rating on the stock in a research note on Monday, April 14th. Bank of America reduced their price target on Dell Technologies from $155.00 to $150.00 and set a “buy” rating on the stock in a research report on Tuesday, February 18th. UBS Group decreased their price objective on shares of Dell Technologies from $158.00 to $150.00 and set a “buy” rating for the company in a research report on Friday, February 28th. Finally, Wells Fargo & Company lowered their price target on Dell Technologies from $160.00 to $150.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. 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 data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $136.41.

Dell Technologies Trading Up 5.9 %

Shares of DELL opened at $94.40 on Friday. The firm has a market cap of $65.88 billion, a P/E ratio of 16.68, a PEG ratio of 1.10 and a beta of 0.94. The stock’s 50 day moving average is $93.79 and its two-hundred day moving average is $111.43. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $179.70.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 2nd. Shareholders of record on Tuesday, April 22nd will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 2.22%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.45. The ex-dividend date is Tuesday, April 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 33.76%.

Insider Activity at Dell Technologies

In related news, CAO Brunilda Rios sold 926 shares of the company’s stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares of the company’s stock, valued at approximately $3,540,168.92. This represents a 2.38 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 46.70% of the stock is currently owned by corporate insiders.

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).