Zurcher Kantonalbank Zurich Cantonalbank Has $20.09 Million Holdings in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Zurcher Kantonalbank increased its stake in Dell Technologies by 14.6%, acquiring an additional 28,125 shares, bringing its total holdings to 220,373 shares worth approximately $20 million.
• Various hedge funds have shown significant interest in Dell, with insider ownership currently at 42% and institutional investors owning 76.37% of the company.
• Analysts maintain a consensus rating of Moderate Buy for Dell stock, with an average price target around $140.06, despite recent earnings missing expectations.

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 220,373 shares of the technology company's stock after purchasing an additional 28,125 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Dell Technologies were worth $20,087,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Bellwether Advisors LLC acquired a new position in shares of Dell Technologies in the fourth quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Dell Technologies during the 1st quarter valued at $25,000. Cullen Frost Bankers Inc. lifted its position in shares of 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 buying an additional 222 shares during the last quarter. Crowley Wealth Management Inc. lifted its holdings in Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares in the last quarter. Finally, Olde Wealth Management LLC purchased a new stake in shares of Dell Technologies in the 1st quarter valued at about $32,000. Institutional investors own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the firm's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the transaction, the director directly owned 938,741 shares in the company, valued at approximately $105,918,147.03. This trade represents a 35.96% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider William F. Scannell sold 91,230 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the transaction, the insider directly owned 56,429 shares of the company's stock, valued at $6,682,322.18. The trade was a 61.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,947,063 shares of company stock worth $1,577,559,812 over the last quarter. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies Trading Down 4.7%

DELL stock traded down $6.30 during trading on Friday, reaching $126.39. The stock had a trading volume of 3,236,042 shares, compared to its average volume of 7,313,511. The company has a market capitalization of $85.80 billion, a P/E ratio of 20.19, a PEG ratio of 1.08 and a beta of 1.02. The firm has a fifty day moving average price of $120.81 and a 200 day moving average price of $106.77. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate 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 analyst estimates of $23.17 billion. During the same quarter last year, the company earned $1.27 EPS. Dell Technologies's revenue was up 5.1% compared to the same quarter last year. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. Dell Technologies's dividend payout ratio is 33.49%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DELL. TD Cowen raised their price target on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Mizuho boosted their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. KeyCorp initiated coverage on Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating for the company. Finally, Morgan Stanley upped their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. 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, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $140.06.

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).