3,348 Shares in Dell Technologies Inc. (NYSE:DELL) Purchased by Krane Funds Advisors LLC

Krane Funds Advisors LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 3,348 shares of the technology company's stock, valued at approximately $305,000.

A number of other large investors have also recently bought and sold shares of the company. Detalus Advisors LLC increased its stake in shares of Dell Technologies by 5.5% in the 1st quarter. Detalus Advisors LLC now owns 3,756 shares of the technology company's stock valued at $342,000 after purchasing an additional 197 shares during the last quarter. Alterna Wealth Management Inc. bought a new position in Dell Technologies in the first quarter valued at about $213,000. Keybank National Association OH raised its stake in Dell Technologies by 104.8% during the first quarter. Keybank National Association OH now owns 10,471 shares of the technology company's stock worth $954,000 after acquiring an additional 5,357 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd lifted its holdings in shares of Dell Technologies by 1.6% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 36,518 shares of the technology company's stock worth $3,329,000 after acquiring an additional 571 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in shares of Dell Technologies by 53.0% in the 1st quarter. Vontobel Holding Ltd. now owns 137,525 shares of the technology company's stock valued at $12,535,000 after purchasing an additional 47,641 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other 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 shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the sale, the director directly owned 960,050 shares of the company's stock, valued at $121,158,310. The trade was a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the transaction, the general counsel directly owned 79,928 shares in the company, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,113,977 shares of company stock valued at $1,471,321,229 over the last three months. 42.00% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

DELL has been the subject of several research reports. Morgan Stanley increased their price objective 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. Barclays increased their target price on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research report on Friday, May 30th. TD Cowen upped their price objective on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Finally, Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Saturday. Five analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded up $1.77 during trading on Wednesday, reaching $123.50. 3,936,344 shares of the company traded hands, compared to its average volume of 8,758,214. The firm has a market capitalization of $83.84 billion, a PE ratio of 19.70, a P/E/G ratio of 1.13 and a beta of 1.02. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $150.23. The company has a 50 day moving average price of $109.06 and a 200-day moving average price of $105.11.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share 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 company had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same quarter in the prior year, the company posted $1.27 EPS. Dell Technologies's revenue for the quarter was up 5.1% on a year-over-year basis. Equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date is Tuesday, July 22nd. Dell Technologies's payout ratio is 33.49%.

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).