35,051 Shares in Dell Technologies Inc. (NYSE:DELL) Bought by ASR Vermogensbeheer N.V.

Key Points

• ASR Vermogensbeheer N.V. acquired 35,051 shares of Dell Technologies Inc. valued at approximately $3.2 million in the 1st quarter.
• Insider selling has occurred significantly, with insiders offloading approximately 12.9 million shares valued at nearly $1.58 billion over the last quarter.
• Analyst ratings are predominantly positive, with 16 analysts issuing buy ratings and a consensus price target of $140.06.

ASR Vermogensbeheer N.V. bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 35,051 shares of the technology company's stock, valued at approximately $3,195,000.

Several other hedge funds have also recently made changes to their positions in the business. Bellwether Advisors LLC bought a new position in Dell Technologies in the 4th quarter worth about $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of Dell Technologies in the first quarter worth $26,000. Cheviot Value Management LLC purchased a new position in shares of Dell Technologies in the first quarter worth $27,000. Finally, Cullen Frost Bankers Inc. raised its holdings 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 buying an additional 222 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the subject of several recent research reports. Mizuho raised their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. KeyCorp initiated coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Barclays boosted their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Finally, Raymond James Financial boosted their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies Stock Performance

NYSE DELL traded up $3.80 on Friday, reaching $137.73. The company's stock had a trading volume of 5,456,405 shares, compared to its average volume of 4,877,929. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The stock has a market cap of $93.50 billion, a PE ratio of 21.97, a PEG ratio of 0.94 and a beta of 1.02. The firm's 50 day moving average is $123.02 and its two-hundred day moving average is $107.65.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data 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 firm had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.27 earnings per share. Equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were issued a $0.525 dividend. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.5%. Dell Technologies's dividend payout ratio is currently 33.49%.

Insider Transactions at Dell Technologies

In related news, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the transaction, the general counsel owned 79,928 shares in the company, valued at approximately $8,697,764.96. This represents a 46.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the stock in a transaction that occurred on 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 transaction, the director owned 938,741 shares in the company, valued at approximately $105,918,147.03. This trade represents a 35.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,947,063 shares of company stock valued at $1,577,559,812 in the last ninety days. 42.00% of the stock is currently owned by insiders.

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).