Dell Technologies Inc. (NYSE:DELL) Position Increased by National Pension Service

Key Points

• National Pension Service increased its stake in Dell Technologies by 13.7% in Q1, making its total holdings 726,956 shares valued at approximately $66.26 million.
• Insider selling was notable, with Director Iv (Gp) L.L.C. Slta offloading 625,000 shares valued at $78.88 million, a significant 39.43% decrease in their ownership.
• Dell recently reported earnings that missed analysts' estimates, with a quarterly EPS of $1.55 compared to the consensus of $1.68, although revenue saw a 5.1% increase year-over-year.

National Pension Service increased its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 13.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 726,956 shares of the technology company's stock after purchasing an additional 87,745 shares during the period. National Pension Service owned 0.10% of Dell Technologies worth $66,262,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Vanguard Capital Wealth Advisors lifted its holdings in shares of Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after purchasing an additional 100 shares during the last quarter. Cary Street Partners Financial LLC lifted its holdings in shares of Dell Technologies by 2.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company's stock worth $395,000 after purchasing an additional 116 shares during the last quarter. OneAscent Financial Services LLC lifted its holdings in shares of Dell Technologies by 3.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock worth $345,000 after purchasing an additional 125 shares during the last quarter. MRP Capital Investments LLC lifted its holdings in shares of Dell Technologies by 0.8% in the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock worth $1,365,000 after purchasing an additional 125 shares during the last quarter. Finally, Greenleaf Trust raised its stake in Dell Technologies by 1.4% during the 1st quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock valued at $927,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total value of $78,875,000.00. Following the transaction, the director directly owned 960,050 shares in the company, valued at $121,158,310. The trade was a 39.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the transaction, the insider owned 56,429 shares in the company, valued at $6,682,322.18. This represents a 61.78% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,989,063 shares of company stock worth $1,583,673,412. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Down 0.1%

Shares of NYSE DELL opened at $139.05 on Friday. The stock has a market capitalization of $94.39 billion, a price-to-earnings ratio of 22.18, a PEG ratio of 0.98 and a beta of 1.02. The stock's fifty day simple moving average is $125.30 and its 200 day simple moving average is $108.42. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last issued 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). The company had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The business's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 earnings per share. As a group, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

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

Analysts Set New Price Targets

Several brokerages have weighed in on DELL. Citigroup lifted their target price on Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday. Wall Street Zen downgraded Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. TD Cowen lifted their target price on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Susquehanna reaffirmed a "neutral" rating and set a $125.00 target price on shares of Dell Technologies in a research note on Wednesday. Finally, JPMorgan Chase & Co. lifted their target price on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $141.82.

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).

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