J. Safra Sarasin Holding AG Acquires 6,107 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• J. Safra Sarasin Holding AG increased its stake in Dell Technologies by 19.6%, acquiring 6,107 shares to hold a total of 37,186 shares valued at approximately $3.39 million as of the latest quarter.
• Several brokerages have adjusted their price targets for Dell Technologies, with Raymond James raising it from $144.00 to $150.00 and maintaining an "outperform" rating.
• Dell Technologies recently announced a quarterly dividend of $0.525 per share, providing an annualized yield of 1.6% for its shareholders.

J. Safra Sarasin Holding AG raised its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 19.6% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 37,186 shares of the technology company's stock after purchasing an additional 6,107 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Dell Technologies were worth $3,390,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Capital Wealth Advisors boosted its stake in Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after purchasing an additional 100 shares during the period. OneAscent Financial Services LLC boosted its position in shares of Dell Technologies by 3.4% during the 1st 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 during the last quarter. MRP Capital Investments LLC boosted its position in shares of Dell Technologies by 0.8% during the 1st 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 during the last quarter. Greenleaf Trust boosted its position in shares of Dell Technologies by 1.4% during the 1st quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock valued at $927,000 after acquiring an additional 136 shares during the last quarter. Finally, First Horizon Advisors Inc. boosted its position in shares of Dell Technologies by 32.9% during the 1st quarter. First Horizon Advisors Inc. now owns 586 shares of the technology company's stock valued at $53,000 after acquiring an additional 145 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director William D. Green sold 30,000 shares of the firm's stock in a transaction on Tuesday, July 29th. The stock was sold at an average price of $135.00, for a total transaction of $4,050,000.00. Following the transaction, the director directly owned 45,045 shares in the company, valued at approximately $6,081,075. This trade represents a 39.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the sale, 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 quarter, insiders have sold 12,947,063 shares of company stock worth $1,577,559,812. Corporate insiders own 42.00% of the company's stock.

Analyst Ratings Changes

DELL has been the subject of a number of analyst reports. Raymond James Financial raised their price target on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. KeyCorp began coverage on Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. UBS Group cut their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Finally, Wall Street Zen lowered Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $140.06.

Dell Technologies Trading Up 2.3%

NYSE DELL traded up $2.89 during trading on Monday, hitting $130.21. 2,764,218 shares of the company's stock were exchanged, compared to its average volume of 4,741,070. The stock's 50 day moving average price is $121.11 and its two-hundred day moving average price is $106.85. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The company has a market cap of $88.39 billion, a PE ratio of 20.77, a P/E/G ratio of 1.03 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (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 firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period in the prior year, the company earned $1.27 EPS. The business's quarterly revenue was up 5.1% compared to the same quarter last year. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed 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 of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. Dell Technologies's dividend payout ratio (DPR) is 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).