Czech National Bank Increases Holdings in Dell Technologies Inc. (NYSE:DELL)

Czech National Bank increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 71,652 shares of the technology company's stock after purchasing an additional 5,052 shares during the period. Czech National Bank's holdings in Dell Technologies were worth $6,531,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DELL. Brighton Jones LLC boosted its holdings in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after acquiring an additional 901 shares in the last quarter. Blue Trust Inc. boosted its holdings in Dell Technologies by 47.4% in the fourth quarter. Blue Trust Inc. now owns 2,077 shares of the technology company's stock worth $246,000 after acquiring an additional 668 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. boosted its holdings in Dell Technologies by 2.3% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 10,107 shares of the technology company's stock worth $1,165,000 after acquiring an additional 227 shares in the last quarter. Tritonpoint Wealth LLC boosted its holdings in Dell Technologies by 3.4% in the fourth quarter. Tritonpoint Wealth LLC now owns 4,131 shares of the technology company's stock worth $476,000 after acquiring an additional 134 shares in the last quarter. Finally, DAVENPORT & Co LLC boosted its holdings in Dell Technologies by 10.9% in the fourth quarter. DAVENPORT & Co LLC now owns 3,043 shares of the technology company's stock worth $351,000 after acquiring an additional 298 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on DELL. Citigroup increased their price target on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Loop Capital cut their price target on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Barclays raised their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a report on Friday, May 30th. 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. Finally, UBS Group dropped their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Three equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $138.00.

Dell Technologies Stock Up 1.7%

Dell Technologies stock traded up $1.95 during mid-day trading on Friday, reaching $113.77. 4,029,926 shares of the company's stock were exchanged, compared to its average volume of 9,499,399. The business's fifty day simple moving average is $96.79 and its 200 day simple moving average is $106.48. The firm has a market capitalization of $79.39 billion, a PE ratio of 20.10, a P/E/G ratio of 1.10 and a beta of 1.01. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $161.52.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results 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 business had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The business's revenue was up 5.1% compared to the same quarter last year. During the same quarter last year, the business posted $1.27 earnings per share. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Insider Buying and Selling

In other Dell Technologies news, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total value of $886,400.00. Following the sale, the chief financial officer now directly owns 245,804 shares in the company, valued at $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CAO Brunilda Rios sold 926 shares of the business's stock in a transaction on Friday, March 28th. The shares were sold at an average price of $93.29, for a total value of $86,386.54. Following the completion of the sale, the chief accounting officer now owns 37,948 shares in the company, valued at approximately $3,540,168.92. The trade was a 2.38% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 79,091 shares of company stock worth $8,608,142. 42.00% of the stock is owned by company 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).