Dell Technologies Inc. (NYSE:DELL) Shares Sold by Allianz SE

Key Points

• Allianz SE sold 6,901 shares of Dell Technologies, reducing its holdings by 51.4%, which are now valued at approximately $595,000.
• Several hedge funds increased their stakes in Dell Technologies, with Brighton Jones LLC raising its stake by 42.7% and Orion Portfolio Solutions increasing theirs by 80.9%.
• Analysts have given Dell Technologies an average rating of "Moderate Buy" with a consensus price target of $140.06, reflecting growing confidence in the company's stock performance.

Allianz SE trimmed its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 51.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,528 shares of the technology company's stock after selling 6,901 shares during the period. Allianz SE's holdings in Dell Technologies were worth $595,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Vanguard Capital Wealth Advisors increased its stake in shares of Dell Technologies by 5.9% in the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after buying an additional 100 shares during the period. OneAscent Financial Services LLC boosted its holdings in Dell Technologies by 3.4% in the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock worth $345,000 after acquiring an additional 125 shares in the last quarter. MRP Capital Investments LLC lifted its holdings in Dell Technologies by 0.8% in the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock valued at $1,365,000 after acquiring an additional 125 shares during the period. Greenleaf Trust lifted its stake in Dell Technologies by 1.4% during the 1st quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock worth $927,000 after acquiring an additional 136 shares in the last quarter. Finally, First Horizon Advisors Inc. raised its position in shares of Dell Technologies by 32.9% during the 1st quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company's stock worth $53,000 after acquiring an additional 145 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded up $2.69 during midday trading on Thursday, hitting $130.83. 2,039,520 shares of the company were exchanged, compared to its average volume of 7,238,947. The firm has a market cap of $88.82 billion, a P/E ratio of 20.87, a PEG ratio of 1.06 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 firm has a 50 day simple moving average of $121.80 and a 200-day simple moving average of $107.16.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $23.17 billion. During the same quarter in the prior year, the firm posted $1.27 earnings per share. The business's revenue was up 5.1% on a year-over-year basis. Equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's payout ratio is currently 33.49%.

Wall Street Analyst Weigh In

Several analysts recently commented on DELL shares. Mizuho raised their target price on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. JPMorgan Chase & Co. increased their target price on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. Bank of America raised their target price on Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a report on Friday, July 18th. Barclays raised their price target on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. Finally, Morgan Stanley lifted their target price on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $140.06.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 6,086 shares of the stock in a transaction on Thursday, July 17th. The stock was sold at an average price of $123.50, for a total value of $751,621.00. Following the sale, the director owned 986,261 shares in the company, valued at approximately $121,803,233.50. This trade represents a 0.61% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the completion of the sale, the director owned 980,295 shares of the company's stock, valued at $125,046,430.20. This trade represents a 37.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,947,063 shares of company stock worth $1,577,559,812. Company insiders own 42.00% of the company's stock.

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).