Gulf International Bank UK Ltd Trims Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Gulf International Bank UK Ltd has reduced its stake in Dell Technologies Inc. by 15.1%, selling 3,244 shares, bringing its total to 18,259 shares valued at approximately $1.66 million.
• Multiple institutional investors, including the National Pension Service and Bulltick Wealth Management LLC, have increased their holdings in Dell Technologies, signaling heightened interest in the company.
• Analysts have set new price targets for Dell Technologies, with several firms increasing their estimates, and the stock currently holds an average rating of "Moderate Buy" with a price target around $141.82.

Gulf International Bank UK Ltd lowered its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 15.1% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 18,259 shares of the technology company's stock after selling 3,244 shares during the quarter. Gulf International Bank UK Ltd's holdings in Dell Technologies were worth $1,664,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the company. National Pension Service lifted its holdings in Dell Technologies by 13.7% during the 1st quarter. National Pension Service now owns 726,956 shares of the technology company's stock worth $66,262,000 after buying an additional 87,745 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its holdings in Dell Technologies by 8.2% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 99,726 shares of the technology company's stock worth $9,107,000 after buying an additional 7,587 shares during the last quarter. Bulltick Wealth Management LLC lifted its holdings in Dell Technologies by 98.6% during the 1st quarter. Bulltick Wealth Management LLC now owns 82,008 shares of the technology company's stock worth $7,475,000 after buying an additional 40,710 shares during the last quarter. Trajan Wealth LLC lifted its holdings in Dell Technologies by 24.7% during the 1st quarter. Trajan Wealth LLC now owns 50,402 shares of the technology company's stock worth $4,594,000 after buying an additional 9,986 shares during the last quarter. Finally, Public Sector Pension Investment Board lifted its holdings in Dell Technologies by 9.0% during the 1st quarter. Public Sector Pension Investment Board now owns 47,141 shares of the technology company's stock worth $4,297,000 after buying an additional 3,880 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Analysts Set New Price Targets

DELL has been the topic of a number of research analyst reports. 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. Bank of America increased their target price on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Mizuho increased their price target on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. KeyCorp began coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Finally, Barclays increased their price target on Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $141.82.

Dell Technologies Price Performance

DELL opened at $139.05 on Friday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The stock has a market cap of $94.39 billion, a P/E ratio of 22.18, a P/E/G ratio of 0.98 and a beta of 1.02. The stock's 50 day moving average price is $125.30 and its 200 day moving average price is $108.42.

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). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same quarter in the prior year, the business earned $1.27 earnings per share. The firm's revenue was up 5.1% compared to the same quarter last year. Equities analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared 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. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.5%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Insider Activity at Dell Technologies

In other news, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction on 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 in the company, valued at approximately $6,682,322.18. This trade represents a 61.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The shares were 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 in the company, valued at approximately $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 worth $1,583,673,412 in the last quarter. Company insiders own 42.00% of the company's stock.

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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