Asset Management One Co. Ltd. Buys 8,660 Shares of Dell Technologies Inc. (NYSE:DELL)

Asset Management One Co. Ltd. boosted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 130,963 shares of the technology company's stock after buying an additional 8,660 shares during the period. Asset Management One Co. Ltd.'s holdings in Dell Technologies were worth $11,937,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bellwether Advisors LLC acquired a new position in Dell Technologies in the 4th quarter valued at about $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Crowley Wealth Management Inc. grew its position in shares of Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares in the last quarter. Finally, McIlrath & Eck LLC grew its position in shares of Dell Technologies by 155.8% during the 4th quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock worth $38,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Buying and Selling

In related news, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the transaction, the general counsel now owns 79,928 shares of the company's stock, valued at $8,697,764.96. This trade represents a 46.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the transaction, the insider now directly owns 56,429 shares of the company's stock, valued at $6,682,322.18. This represents a 61.78% decrease in their position. The disclosure for this sale can be found here. Insiders sold 11,482,977 shares of company stock valued at $1,391,688,489 over the last quarter. Insiders own 42.00% of the company's stock.

Dell Technologies Stock Down 1.5%

Shares of DELL stock traded down $1.86 during trading hours on Friday, hitting $124.12. 7,356,506 shares of the company's stock traded hands, compared to its average volume of 8,870,336. The stock's 50 day simple moving average is $106.72 and its 200 day simple moving average is $105.10. The stock has a market cap of $84.26 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.11 and a beta of 1.01. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (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 the consensus estimate 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 revenue was up 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.27 EPS. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.69%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is currently 33.49%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on DELL shares. Raymond James Financial increased their target price on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. Loop Capital reduced their price target on shares of Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a research report on Tuesday, March 4th. Mizuho increased their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, June 14th. Finally, UBS Group reduced 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 report on Friday, May 30th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $138.00.

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).