Harel Insurance Investments & Financial Services Ltd. Increases Stake in Dell Technologies Inc. (NYSE:DELL)

Harel Insurance Investments & Financial Services Ltd. increased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 361.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,300 shares of the technology company's stock after acquiring an additional 6,500 shares during the quarter. Harel Insurance Investments & Financial Services Ltd.'s holdings in Dell Technologies were worth $757,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of DELL. Bellwether Advisors LLC acquired a new position in Dell Technologies during the 4th quarter valued at approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies in the 1st quarter valued at $25,000. Vision Financial Markets LLC purchased a new position in Dell Technologies in the 4th quarter worth $26,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies during the 4th quarter worth about $26,000. Finally, Crowley Wealth Management Inc. grew its stake in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after purchasing an additional 150 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Up 1.3%

Shares of Dell Technologies stock traded up $1.57 during mid-day trading on Friday, reaching $125.05. 3,725,609 shares of the stock traded hands, compared to its average volume of 8,724,460. The stock has a market capitalization of $84.89 billion, a PE ratio of 19.94, a PEG ratio of 1.15 and a beta of 1.02. The business has a 50-day moving average of $110.96 and a 200 day moving average of $105.32. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $150.23.

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

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.68%. Dell Technologies's payout ratio is presently 33.49%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DELL shares. Morgan Stanley lifted their target price on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. 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. TD Cowen increased their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. UBS Group decreased their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Finally, Mizuho increased their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and an average price target of $138.00.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the transaction, the director owned 960,050 shares of the company's stock, valued at approximately $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 can be accessed through this link. Also, Director Radakovich Lynn Vojvodich sold 2,900 shares of the company's stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of $120.00, for a total transaction of $348,000.00. Following the completion of the sale, the director directly owned 23,680 shares of the company's stock, valued at $2,841,600. This represents a 10.91% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,113,977 shares of company stock worth $1,471,321,229 in the last 90 days. 42.00% of the stock is owned by insiders.

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).