Asahi Life Asset Management CO. LTD. Takes Position in Dell Technologies Inc. (NYSE:DELL)

Asahi Life Asset Management CO. LTD. acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,330 shares of the technology company's stock, valued at approximately $304,000.

Other hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC boosted its holdings in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after buying an additional 901 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in Dell Technologies in the 4th quarter valued at about $237,000. Independent Advisor Alliance raised its stake in Dell Technologies by 63.9% in the 4th quarter. Independent Advisor Alliance now owns 5,611 shares of the technology company's stock valued at $647,000 after acquiring an additional 2,187 shares during the period. Commonwealth Equity Services LLC raised its stake in Dell Technologies by 3.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 150,109 shares of the technology company's stock valued at $17,299,000 after acquiring an additional 5,117 shares during the period. Finally, Choate Investment Advisors raised its stake in Dell Technologies by 43.2% in the 4th quarter. Choate Investment Advisors now owns 2,461 shares of the technology company's stock valued at $284,000 after acquiring an additional 742 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the sale, the chief executive officer directly owned 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the sale, the general counsel owned 79,928 shares of the company's stock, valued at approximately $8,697,764.96. This represents a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,897,063 shares of company stock valued at $1,570,909,812. 42.00% of the stock is currently owned by insiders.

Dell Technologies Trading Up 0.2%

Shares of NYSE:DELL traded up $0.30 during trading on Thursday, reaching $123.87. 3,760,913 shares of the company traded hands, compared to its average volume of 8,544,971. The firm has a market capitalization of $84.09 billion, a price-to-earnings ratio of 19.76, a P/E/G ratio of 1.16 and a beta of 1.02. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66. The business's fifty day moving average is $116.07 and its 200-day moving average is $105.82.

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

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.70%. Dell Technologies's payout ratio is presently 33.49%.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Wall Street Zen cut Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday. UBS Group reduced their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Barclays boosted their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. KeyCorp began coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Finally, Mizuho boosted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $139.18.

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).