Generali Investments CEE investicni spolecnost a.s. purchased a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 22,000 shares of the technology company's stock, valued at approximately $2,005,000.
Several other large investors also recently made changes to their positions in DELL. Norges Bank acquired a new stake in Dell Technologies in the 4th quarter valued at approximately $455,029,000. Vanguard Group Inc. grew its stake in shares of Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after acquiring an additional 2,662,407 shares during the last quarter. Michael & Susan Dell Foundation bought a new position in Dell Technologies during the fourth quarter worth $265,052,000. Janus Henderson Group PLC raised its stake in Dell Technologies by 160.5% during the 4th 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, Ameriprise Financial Inc. grew its position in Dell Technologies by 224.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock worth $180,257,000 after purchasing an additional 1,082,087 shares during the last quarter. Institutional investors own 76.37% of the company's stock.
Insider Activity at Dell Technologies
In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of Dell Technologies 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 transaction, the general counsel directly owned 79,928 shares of the company's stock, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the stock in a transaction dated 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 completion of the sale, the director directly 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 position. The disclosure for this sale can be found here. Insiders have sold 12,113,977 shares of company stock valued at $1,471,321,229 in the last quarter. Insiders own 42.00% of the company's stock.
Dell Technologies Stock Up 1.3%
Shares of DELL stock opened at $125.05 on Friday. The business has a fifty day simple moving average of $110.96 and a 200 day simple moving average of $105.32. The company has a market cap of $84.89 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.15 and a beta of 1.02. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $150.23.
Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 EPS 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 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%. The firm's revenue was up 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.27 earnings per share. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share 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. Stockholders of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.68%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is currently 33.49%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on the stock. Barclays increased their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. JPMorgan Chase & Co. boosted their price objective on Dell Technologies from $111.00 to $125.00 and gave the company an "overweight" rating in a research report on Friday, May 30th. Evercore ISI reaffirmed an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. KeyCorp assumed coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Finally, Citigroup increased their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $138.00.
Read Our Latest Report on DELL
About Dell Technologies
(
Free Report)
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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