Allianz Asset Management GmbH Sells 194,215 Shares of Dell Technologies Inc. (NYSE:DELL)

Allianz Asset Management GmbH lessened its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 50.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 191,444 shares of the technology company's stock after selling 194,215 shares during the quarter. Allianz Asset Management GmbH's holdings in Dell Technologies were worth $17,450,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of DELL. Norges Bank bought a new position in Dell Technologies during the 4th quarter worth approximately $455,029,000. Michael & Susan Dell Foundation bought a new position in Dell Technologies during the 4th quarter worth approximately $265,052,000. Janus Henderson Group PLC boosted its stake in Dell Technologies by 160.5% during the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after acquiring an additional 1,865,013 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in Dell Technologies by 224.4% during the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock worth $180,257,000 after acquiring an additional 1,082,087 shares during the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Dell Technologies by 362.4% in the fourth quarter. The Manufacturers Life Insurance Company now owns 807,576 shares of the technology company's stock valued at $93,065,000 after buying an additional 632,941 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on DELL shares. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. TD Cowen lifted their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. UBS Group cut their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Wall Street Zen lowered shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. Finally, Barclays boosted their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Five equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $140.06.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business'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 completion of the sale, the director owned 938,741 shares of the company's stock, valued at approximately $105,918,147.03. The trade was a 35.96% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the business'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 completion of the sale, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. The trade was a 27.85% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 12,917,063 shares of company stock valued at $1,573,509,812. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Trading Up 0.5%

Shares of NYSE:DELL traded up $0.67 on Monday, hitting $131.89. The company had a trading volume of 1,154,973 shares, compared to its average volume of 7,388,537. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The stock has a market cap of $89.53 billion, a price-to-earnings ratio of 21.05, a P/E/G ratio of 1.06 and a beta of 1.02. The stock has a 50 day moving average price of $119.18 and a 200 day moving average price of $106.10.

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

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.59%. Dell Technologies's dividend payout ratio is currently 33.49%.

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).