ING Groep NV Grows Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Key Points

• ING Groep NV increased its holdings in Dell Technologies Inc. by 53% in the first quarter, accumulating a total of 60,034 shares valued at approximately $5.47 million.
• Several large investors, including Vanguard Capital Wealth Advisors and First Horizon Advisors, have also recently increased their positions in Dell Technologies, indicating strong institutional interest.
• Analysts have mixed views on Dell's stock, with five maintaining a "hold" rating while sixteen have a "buy" rating, and the consensus target price is set at $140.06.

ING Groep NV grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 53.0% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 60,034 shares of the technology company's stock after purchasing an additional 20,803 shares during the period. ING Groep NV's holdings in Dell Technologies were worth $5,472,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DELL. Vanguard Capital Wealth Advisors increased its position in shares of Dell Technologies by 5.9% during the fourth quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after acquiring an additional 100 shares in the last quarter. OneAscent Financial Services LLC increased its position in shares of Dell Technologies by 3.4% during the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock valued at $345,000 after acquiring an additional 125 shares in the last quarter. MRP Capital Investments LLC increased its position in shares of Dell Technologies by 0.8% during the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock valued at $1,365,000 after acquiring an additional 125 shares in the last quarter. Greenleaf Trust grew its position in Dell Technologies by 1.4% in the 1st quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock worth $927,000 after purchasing an additional 136 shares during the period. Finally, First Horizon Advisors Inc. grew its position in Dell Technologies by 32.9% in the 1st quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company's stock worth $53,000 after purchasing an additional 145 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on DELL shares. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research report on Monday, July 14th. TD Cowen lifted their target price on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research report on Friday, May 30th. Mizuho lifted their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research report on Monday, May 19th. Barclays lifted their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Finally, Citigroup lifted their price target on shares of Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a research note on Friday, May 30th. Five investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $140.06.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the company'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 sale, the director directly owned 980,295 shares in the company, valued at approximately $125,046,430.20. This represents a 37.97% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Brunilda Rios sold 6,000 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $126.29, for a total transaction of $757,740.00. Following the transaction, the chief accounting officer owned 18,948 shares in the company, valued at $2,392,942.92. The trade was a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,947,063 shares of company stock worth $1,577,559,812. 42.00% of the stock is owned by insiders.

Dell Technologies Stock Up 0.2%

Shares of DELL stock opened at $130.46 on Wednesday. The stock has a market cap of $88.56 billion, a P/E ratio of 20.81, a PEG ratio of 1.06 and a beta of 1.02. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The company's fifty day simple moving average is $121.80 and its two-hundred day simple moving average is $107.16.

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 the consensus estimate 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 for the quarter was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.27 EPS. On average, analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced 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 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

Dell Technologies 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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