Mizuho Securities USA LLC Has $2.28 Million Stock Position in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Mizuho Securities USA LLC has reduced its stake in Dell Technologies by 14.2%, now holding 24,979 shares worth approximately $2.3 million.
• Dell Technologies recently missed analysts' earnings estimates with an EPS of $1.55 for the last quarter, while reporting a revenue of $23.38 billion, exceeding expectations.
• CEO Michael S. Dell sold 10 million shares of the company’s stock, a transaction valued at over $1.22 billion, reducing his ownership by about 27.85%.

Mizuho Securities USA LLC decreased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 24,979 shares of the technology company's stock after selling 4,133 shares during the quarter. Mizuho Securities USA LLC's holdings in Dell Technologies were worth $2,277,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Bellwether Advisors LLC bought a new stake in Dell Technologies in the 4th quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new stake in Dell Technologies in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new stake in Dell Technologies in the 1st quarter valued at $26,000. Cheviot Value Management LLC bought a new stake in Dell Technologies in the 1st quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. raised its stake in Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after acquiring an additional 222 shares during the period. Institutional investors own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other news, General Counsel Richard J. Rothberg sold 70,165 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the transaction, the general counsel directly owned 79,928 shares in the company, valued at $8,697,764.96. This trade represents a 46.75% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the transaction, the chief executive officer owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,989,063 shares of company stock valued at $1,583,673,412 over the last ninety days. Insiders own 42.00% of the company's stock.

Dell Technologies Stock Down 0.4%

Dell Technologies stock traded down $0.59 during trading hours on Friday, hitting $138.27. The stock had a trading volume of 3,447,239 shares, compared to its average volume of 5,058,493. The stock has a market cap of $93.86 billion, a price-to-earnings ratio of 22.05, a P/E/G ratio of 0.97 and a beta of 1.02. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66. The business's 50 day simple moving average is $125.79 and its 200-day simple moving average is $108.68.

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

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were given a dividend of $0.525 per share. 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 dividend payout ratio (DPR) is 33.49%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on DELL shares. Barclays increased their price target on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. TD Cowen increased their target price on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. JPMorgan Chase & Co. increased their target price on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Raymond James Financial increased their target price on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Finally, Morgan Stanley increased 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. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $143.00.

About Dell Technologies

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).