Achmea Investment Management B.V. Sells 29,007 Shares of Dell Technologies Inc. (NYSE:DELL)

Achmea Investment Management B.V. reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 28.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 71,369 shares of the technology company's stock after selling 29,007 shares during the period. Achmea Investment Management B.V.'s holdings in Dell Technologies were worth $6,505,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Bellwether Advisors LLC bought a new position in shares of Dell Technologies in the fourth quarter valued at $25,000. Vision Financial Markets LLC acquired a new stake in Dell Technologies during the fourth quarter valued at $26,000. Lee Danner & Bass Inc. purchased a new stake in shares of Dell Technologies during the 4th quarter worth about $26,000. Crowley Wealth Management Inc. grew its position in 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 in the last quarter. Finally, McIlrath & Eck LLC increased its position in Dell Technologies by 155.8% during the fourth quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock worth $38,000 after buying an additional 201 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the sale, the director directly owned 938,741 shares of the company's stock, valued at approximately $105,918,147.03. This represents a 35.96% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the transaction, the insider directly owned 56,429 shares in the company, valued at approximately $6,682,322.18. This trade represents a 61.78% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,113,977 shares of company stock worth $1,471,321,229. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Down 0.6%

Shares of NYSE:DELL traded down $0.77 during midday trading on Tuesday, reaching $121.83. 4,082,087 shares of the company were exchanged, compared to its average volume of 8,788,573. The firm has a market cap of $82.70 billion, a PE ratio of 19.43, a P/E/G ratio of 1.14 and a beta of 1.01. The stock has a fifty day simple moving average of $108.31 and a two-hundred day simple moving average of $104.99. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The business had revenue of $23.38 billion for the quarter, compared to analyst estimates 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 for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.27 EPS. As a group, analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

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 paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

Wall Street Analyst Weigh In

DELL has been the topic of a number of research analyst reports. Mizuho raised their target price on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Wall Street Zen downgraded Dell Technologies from a "buy" rating to a "hold" rating in a report on Saturday. Barclays raised their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. UBS Group cut their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Finally, Citigroup increased their price objective on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

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).