Dell Technologies Inc. $DELL Shares Purchased by Northwestern Mutual Wealth Management Co.

Key Points

• Northwestern Mutual Wealth Management Co. increased its stake in Dell Technologies by 162.3%, owning 537,739 shares valued at approximately $49 million.
• Recent analyst reports have resulted in numerous price target increases for Dell, with Bank of America and Citigroup setting new targets at $165 and $160, respectively.
• Insiders sold a total of 12.99 million shares of Dell Technologies stock in the last 90 days, signifying potential changes in confidence or strategy among company executives.

Northwestern Mutual Wealth Management Co. boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 162.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 537,739 shares of the technology company's stock after purchasing an additional 332,712 shares during the period. Northwestern Mutual Wealth Management Co. owned approximately 0.08% of Dell Technologies worth $49,015,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of DELL. Bellwether Advisors LLC purchased a new stake in Dell Technologies during the 4th quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies during the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in Dell Technologies during the 1st quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies during the 1st quarter valued at approximately $27,000. Finally, Cullen Frost Bankers Inc. lifted its stake in Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after acquiring an additional 222 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Up 1.6%

NYSE:DELL traded up $2.18 during trading hours on Thursday, reaching $134.68. 8,058,158 shares of the company were exchanged, compared to its average volume of 7,003,664. The stock's 50-day moving average is $128.73 and its 200-day moving average is $110.22. The firm has a market cap of $91.42 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 0.91 and a beta of 1.02. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $23.17 billion. During the same period in the previous year, the company earned $1.27 EPS. Dell Technologies's quarterly revenue was up 5.1% compared to the same quarter last year. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

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

Insider Buying and Selling at Dell Technologies

In other news, CAO Brunilda Rios sold 6,000 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the sale, the chief accounting officer owned 18,948 shares of the company's stock, valued at $2,392,942.92. This represents a 24.05% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William D. Green sold 50,000 shares of the company's stock in a transaction on Monday, August 11th. The stock was sold at an average price of $140.00, for a total transaction of $7,000,000.00. Following the sale, the director directly owned 45,045 shares of the company's stock, valued at $6,306,300. The trade was a 52.61% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,989,063 shares of company stock valued at $1,583,673,412. 42.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have commented on DELL. JPMorgan Chase & Co. lifted their price objective 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. KeyCorp started coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating for the company. Bank of America boosted their target price on shares of Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Mizuho boosted their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Finally, Wall Street Zen cut shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $144.06.

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).