Commerzbank Aktiengesellschaft FI Invests $239,000 in Dell Technologies Inc. (NYSE:DELL)

Commerzbank Aktiengesellschaft FI purchased a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 2,622 shares of the technology company's stock, valued at approximately $239,000.

Several other institutional investors also recently modified their holdings of DELL. Bellwether Advisors LLC bought a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $25,000. Lee Danner & Bass Inc. bought a new stake in shares of Dell Technologies in the fourth quarter worth approximately $26,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Dell Technologies in the first quarter worth approximately $25,000. Cullen Frost Bankers Inc. grew its stake in shares of Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after acquiring an additional 222 shares during the period. Finally, Crowley Wealth Management Inc. grew its stake in shares of Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after acquiring an additional 150 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Dell Technologies

In other news, Director Lake Group L.L.C. Silver sold 10,681 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $120.33, for a total transaction of $1,285,244.73. Following the transaction, the director owned 938,741 shares in the company, valued at $112,958,704.53. This represents a 1.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the transaction, the chief executive officer owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,897,063 shares of company stock valued at $1,570,909,812. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies Trading Up 5.8%

Shares of DELL traded up $7.20 during trading hours on Friday, reaching $131.08. 11,017,744 shares of the company traded hands, compared to its average volume of 8,515,424. The firm has a market cap of $88.98 billion, a price-to-earnings ratio of 20.91, a PEG ratio of 1.21 and a beta of 1.02. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The stock's fifty day moving average price is $117.32 and its 200 day moving average price is $105.99.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same period last year, the company earned $1.27 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. On average, research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

Wall Street Analysts Forecast Growth

DELL has been the topic of several analyst reports. UBS Group lowered their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. KeyCorp initiated coverage on Dell Technologies in a research report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Barclays upped their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Finally, Bank of America lifted their price objective on shares of Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $140.06.

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).