Gerber Kawasaki Wealth & Investment Management Decreases Stake in Dell Technologies Inc. $DELL

Key Points

• Gerber Kawasaki Wealth & Investment Management significantly reduced its stake in Dell Technologies by 67.6%, holding only 21,851 shares after selling 45,596 during the first quarter.
• Various institutional investors increased their positions in Dell, with notable purchases including the Michael & Susan Dell Foundation acquiring a new position worth $265 million and Janus Henderson Group raising its holdings by 160.5%.
• Dell Technologies announced a quarterly dividend of $0.525 per share with a yield of 1.6%, reflecting a payout ratio of 33.49%.

Gerber Kawasaki Wealth & Investment Management lowered its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 67.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 21,851 shares of the technology company's stock after selling 45,596 shares during the period. Gerber Kawasaki Wealth & Investment Management's holdings in Dell Technologies were worth $1,992,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in DELL. Michael & Susan Dell Foundation purchased a new position in shares of Dell Technologies in the fourth quarter worth $265,052,000. Janus Henderson Group PLC raised its holdings in shares of 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 worth $348,814,000 after buying an additional 1,865,013 shares during the last quarter. Boston Partners raised its holdings in shares of Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after buying an additional 1,312,600 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after buying an additional 1,145,658 shares during the last quarter. Finally, Deutsche Bank AG raised its holdings in shares of Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after buying an additional 1,142,012 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on DELL shares. Susquehanna reissued a "neutral" rating and set a $125.00 target price on shares of Dell Technologies in a report on Wednesday, August 13th. Bank of America raised their target price on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, July 18th. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Barclays raised their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Finally, TD Cowen raised their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $144.06.

Insider Buying and Selling at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the transaction, the director directly owned 980,295 shares in the company, valued at approximately $125,046,430.20. The trade was a 37.97% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the transaction, the chief executive officer owned 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 12,989,063 shares of company stock valued at $1,583,673,412. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Up 1.1%

DELL stock opened at $132.45 on Thursday. The stock has a market capitalization of $89.91 billion, a P/E ratio of 21.12, a P/E/G ratio of 0.91 and a beta of 1.02. The firm has a 50-day simple moving average of $128.73 and a 200-day simple moving average of $110.22. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released its 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 company had revenue of $23.38 billion for 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 for the quarter was up 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.27 EPS. On average, analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies's payout ratio is currently 33.49%.

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).

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