Deutsche Bank AG Boosts Stake in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Deutsche Bank AG increased its stake in Dell Technologies Inc. by 38.1%, owning over 4 million shares valued at approximately $377 million.
• Several other institutional investors have also raised their stakes, with Vanguard Group Inc. holding over 29 million shares and Janus Henderson Group PLC significantly boosting their position by 160.5%.
• Analysts are optimistic, with multiple upgrades in price targets and buy ratings, contributing to an average rating of "Moderate Buy" with a target price of $140.06.

Deutsche Bank AG grew its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 38.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,141,618 shares of the technology company's stock after buying an additional 1,142,012 shares during the period. Deutsche Bank AG owned 0.59% of Dell Technologies worth $377,508,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in DELL. Vanguard Group Inc. grew its stake in Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after acquiring an additional 1,145,658 shares during the period. Capital World Investors boosted its holdings in shares of Dell Technologies by 0.6% during the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after purchasing an additional 72,271 shares during the last quarter. Northern Trust Corp grew its position in shares of Dell Technologies by 16.1% in the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after purchasing an additional 460,483 shares during the period. Janus Henderson Group PLC increased its stake in Dell Technologies by 160.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after purchasing an additional 1,865,013 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Dell Technologies by 2.4% during the fourth quarter. Invesco Ltd. now owns 2,450,065 shares of the technology company's stock worth $282,346,000 after buying an additional 57,681 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have commented on the company. Citigroup lifted 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. UBS Group lowered their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. KeyCorp began coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating on the stock. TD Cowen boosted their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Finally, Bank of America upped their price objective on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $140.06.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $133.84 on Friday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The company has a market capitalization of $90.86 billion, a price-to-earnings ratio of 21.35, a PEG ratio of 0.90 and a beta of 1.02. The business has a 50-day moving average of $122.09 and a 200-day moving average of $107.30.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results 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 company had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.27 EPS. Research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies's payout ratio is 33.49%.

Insider Activity

In related news, CAO Brunilda Rios sold 6,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.29, for a total value of $757,740.00. Following the transaction, the chief accounting officer owned 18,948 shares in the company, valued at approximately $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director William D. Green sold 30,000 shares of the firm's stock in a transaction that occurred on Tuesday, July 29th. The shares were sold at an average price of $135.00, for a total value of $4,050,000.00. Following the sale, the director owned 45,045 shares of the company's stock, valued at approximately $6,081,075. This trade represents a 39.98% decrease in their position. 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 three months. 42.00% of the stock is currently owned by corporate 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).

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