Dell Technologies Inc. (NYSE:DELL) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. boosted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,106,218 shares of the technology company's stock after purchasing an additional 1,145,658 shares during the period. Vanguard Group Inc. owned approximately 4.17% of Dell Technologies worth $2,653,032,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after buying an additional 901 shares during the last quarter. Russell Investments Group Ltd. lifted its position in Dell Technologies by 5.0% in the 4th quarter. Russell Investments Group Ltd. now owns 134,841 shares of the technology company's stock valued at $15,538,000 after purchasing an additional 6,377 shares during the last quarter. Invesco Ltd. lifted its position in Dell Technologies by 2.4% in the 4th quarter. Invesco Ltd. now owns 2,450,065 shares of the technology company's stock valued at $282,346,000 after purchasing an additional 57,681 shares during the last quarter. Bank of Nova Scotia lifted its position in Dell Technologies by 52.4% in the 4th quarter. Bank of Nova Scotia now owns 65,123 shares of the technology company's stock valued at $7,505,000 after purchasing an additional 22,391 shares during the last quarter. Finally, Advisory Services Network LLC lifted its position in Dell Technologies by 22.8% in the 4th quarter. Advisory Services Network LLC now owns 23,585 shares of the technology company's stock valued at $2,718,000 after purchasing an additional 4,382 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at $3,168,289,707.07. This represents a 27.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the transaction, the director owned 938,741 shares of the company's stock, valued at approximately $105,918,147.03. The trade was a 35.96% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,947,063 shares of company stock worth $1,577,559,812. Corporate insiders own 42.00% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Bank of America lifted their price objective on shares of Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, July 18th. Raymond James Financial boosted their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Mizuho boosted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Finally, Evercore ISI restated an "outperform" rating on shares of Dell Technologies in a research report on Thursday, May 29th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $140.06.

Dell Technologies Stock Performance

Shares of DELL opened at $137.73 on Friday. The company has a market capitalization of $93.50 billion, a PE ratio of 21.97, a PEG ratio of 0.94 and a beta of 1.02. The company's 50 day moving average price is $123.02 and its 200 day moving average price is $107.65. 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 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 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%. Dell Technologies's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.27 earnings per share. On average, equities analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

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