DekaBank Deutsche Girozentrale Reduces Stake in Dell Technologies Inc. (NYSE:DELL)

DekaBank Deutsche Girozentrale lessened its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 0.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,224,975 shares of the technology company's stock after selling 14,956 shares during the period. DekaBank Deutsche Girozentrale owned about 0.32% of Dell Technologies worth $197,834,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Tortoise Investment Management LLC boosted its stake in Dell Technologies by 23.0% during the 4th quarter. Tortoise Investment Management LLC now owns 535 shares of the technology company's stock valued at $62,000 after purchasing an additional 100 shares during the last quarter. Vanguard Capital Wealth Advisors boosted its stake in Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after purchasing an additional 100 shares during the last quarter. HBK Sorce Advisory LLC boosted its stake in Dell Technologies by 6.3% during the 4th quarter. HBK Sorce Advisory LLC now owns 1,999 shares of the technology company's stock valued at $230,000 after purchasing an additional 118 shares during the last quarter. Mesirow Financial Investment Management Inc. boosted its stake in Dell Technologies by 5.5% during the 4th quarter. Mesirow Financial Investment Management Inc. now owns 2,359 shares of the technology company's stock valued at $272,000 after purchasing an additional 124 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its stake in Dell Technologies by 32.9% during the 1st quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company's stock valued at $53,000 after purchasing an additional 145 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

DELL has been the topic of several recent analyst reports. Raymond James Financial increased their target price on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a research note on Friday, May 30th. KeyCorp started coverage on Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Citigroup increased their price target on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a report on Friday, May 30th. JPMorgan Chase & Co. increased their price target on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a report on Friday, May 30th. Finally, TD Cowen upped their price objective on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Insider Activity

In related news, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the transaction, the insider owned 56,429 shares in the company, valued at approximately $6,682,322.18. This trade represents a 61.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of Dell Technologies stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the transaction, the director owned 938,741 shares of the company's stock, valued at approximately $105,918,147.03. This represents a 35.96% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 12,113,977 shares of company stock valued at $1,471,321,229. 42.00% of the stock is owned by corporate insiders.

Dell Technologies Stock Down 0.8%

NYSE:DELL traded down $1.01 on Friday, reaching $126.90. 3,558,127 shares of the company's stock traded hands, compared to its average volume of 8,612,370. The stock has a 50-day simple moving average of $114.25 and a 200-day simple moving average of $105.69. The firm has a market cap of $86.15 billion, a PE ratio of 20.24, a P/E/G ratio of 1.18 and a beta of 1.02. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The firm had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.27 EPS. On average, equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.65%. Dell Technologies's payout ratio is 33.49%.

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).