Czech National Bank Boosts Position in Dell Technologies Inc. (NYSE:DELL)

Czech National Bank boosted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.6% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 71,652 shares of the technology company's stock after buying an additional 5,052 shares during the quarter. Czech National Bank's holdings in Dell Technologies were worth $6,531,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC increased its position in Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after purchasing an additional 901 shares during the period. Blue Trust Inc. boosted its position in Dell Technologies by 47.4% during the 4th quarter. Blue Trust Inc. now owns 2,077 shares of the technology company's stock valued at $246,000 after acquiring an additional 668 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its holdings in shares of Dell Technologies by 2.3% during the 4th 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 during the period. Tritonpoint Wealth LLC lifted its stake in shares of Dell Technologies by 3.4% in the 4th quarter. Tritonpoint Wealth LLC now owns 4,131 shares of the technology company's stock valued at $476,000 after purchasing an additional 134 shares during the period. Finally, DAVENPORT & Co LLC boosted its position in shares of Dell Technologies by 10.9% during the fourth quarter. DAVENPORT & Co LLC now owns 3,043 shares of the technology company's stock valued at $351,000 after purchasing an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on DELL. Mizuho increased their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. Morgan Stanley lifted their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Wells Fargo & Company cut their price objective on shares of Dell Technologies from $160.00 to $150.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. Finally, Bank of America lowered their target price on shares of Dell Technologies from $155.00 to $150.00 and set a "buy" rating for the company in a report on Tuesday, February 18th. Three analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Price Performance

NYSE DELL traded up $0.81 during mid-day trading on Wednesday, reaching $112.71. The stock had a trading volume of 4,528,037 shares, compared to its average volume of 9,641,437. The company has a fifty day moving average price of $95.53 and a 200 day moving average price of $106.76. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $161.52. The stock has a market cap of $78.65 billion, a PE ratio of 19.91, a price-to-earnings-growth ratio of 1.10 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly 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 191.91% and a net margin of 4.36%. The business had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same quarter in the prior year, the firm earned $1.27 EPS. The firm's revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Insiders Place Their Bets

In other news, CAO Brunilda Rios sold 926 shares of the firm's stock in a transaction dated Friday, March 28th. The shares were sold at an average price of $93.29, for a total transaction of $86,386.54. Following the sale, the chief accounting officer now owns 37,948 shares of the company's stock, valued at $3,540,168.92. This trade represents a 2.38% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $110.80, for a total transaction of $886,400.00. Following the transaction, the chief financial officer now directly owns 245,804 shares of the company's stock, valued at $27,235,083.20. The trade was a 3.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. 42.00% of the stock is owned by insiders.

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).