Keybank National Association OH Raises Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Keybank National Association OH grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 104.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 10,471 shares of the technology company's stock after buying an additional 5,357 shares during the quarter. Keybank National Association OH's holdings in Dell Technologies were worth $954,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the company. Bellwether Advisors LLC acquired a new stake in Dell Technologies in the 4th quarter valued at about $25,000. Lee Danner & Bass Inc. acquired a new stake in Dell Technologies in the 4th quarter valued at about $26,000. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies in the 1st quarter valued at about $25,000. Crowley Wealth Management Inc. increased its position in Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after acquiring an additional 150 shares in the last quarter. Finally, McIlrath & Eck LLC grew its position in shares of Dell Technologies by 155.8% during the 4th quarter. McIlrath & Eck LLC now owns 330 shares of the technology company's stock worth $38,000 after buying an additional 201 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.20, for a total value of $78,875,000.00. Following the sale, the director directly owned 960,050 shares in the company, valued at approximately $121,158,310. The trade was a 39.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 6,000 shares of the business's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the sale, the chief accounting officer owned 18,948 shares in the company, valued at $2,392,942.92. This represents a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,113,977 shares of company stock worth $1,471,321,229 in the last quarter. Insiders own 42.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Mizuho lifted their price objective on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Raymond James Financial lifted their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. TD Cowen lifted their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Barclays lifted their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. Finally, Morgan Stanley lifted their price target on shares of Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Four investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Price Performance

NYSE DELL traded down $0.39 during trading hours on Tuesday, reaching $124.38. The company's stock had a trading volume of 1,717,415 shares, compared to its average volume of 8,677,525. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $150.23. The firm has a fifty day simple moving average of $111.57 and a 200-day simple moving average of $105.29. The stock has a market cap of $84.44 billion, a P/E ratio of 19.84, a P/E/G ratio of 1.15 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results 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). The firm had revenue of $23.38 billion for the quarter, compared to the consensus estimate 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 business posted $1.27 EPS. On average, research 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 disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.69%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is 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).