Maxi Investments CY Ltd Has $6.81 Million Position in Dell Technologies Inc. (NYSE:DELL)

Key Points

• Maxi Investments CY Ltd increased its stake in Dell Technologies by 24.3%, owning 74,726 shares valued at approximately $6.81 million as of the end of the most recent quarter.
• Insider transactions saw significant sales, including General Counsel Richard J. Rothberg selling 70,165 shares for over $7.6 million, reducing his ownership by 46.75%.
• Dell Technologies reported Q1 earnings of $1.55 EPS, falling short of analysts' expectations while revenues increased to $23.38 billion.

Maxi Investments CY Ltd raised its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 24.3% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 74,726 shares of the technology company's stock after purchasing an additional 14,627 shares during the quarter. Dell Technologies accounts for approximately 1.4% of Maxi Investments CY Ltd's portfolio, making the stock its 22nd largest holding. Maxi Investments CY Ltd's holdings in Dell Technologies were worth $6,811,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in DELL. Michael & Susan Dell Foundation acquired a new position in Dell Technologies in the 4th quarter worth $265,052,000. Janus Henderson Group PLC boosted its position in shares of Dell Technologies by 160.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after purchasing an additional 1,865,013 shares during the period. Ameriprise Financial Inc. increased its stake in Dell Technologies by 224.4% in the 4th quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock valued at $180,257,000 after buying an additional 1,082,087 shares during the period. Auto Owners Insurance Co grew its stake in Dell Technologies by 18,732.9% in the first quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock valued at $71,188,000 after purchasing an additional 776,853 shares in the last quarter. Finally, The Manufacturers Life Insurance Company raised its stake in shares of Dell Technologies by 362.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 807,576 shares of the technology company's stock worth $93,065,000 after purchasing an additional 632,941 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the firm's stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the completion of the sale, the general counsel owned 79,928 shares of the company's stock, valued at $8,697,764.96. This trade represents a 46.75% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the firm's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the sale, the director owned 960,050 shares of the company's stock, valued at $121,158,310. This trade represents a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,947,063 shares of company stock worth $1,577,559,812 in the last three months. 42.00% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on DELL. TD Cowen boosted their price target on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Mizuho increased their target price on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Citigroup lifted their price objective on Dell Technologies from $128.00 to $135.00 and gave the company a "buy" rating in a research report on Friday, May 30th. Morgan Stanley raised their target price on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research note on Wednesday, May 21st. Finally, Barclays increased their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a report on Friday, May 30th. Five analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $140.06.

Dell Technologies Price Performance

DELL traded down $2.36 during trading on Wednesday, reaching $128.12. The company had a trading volume of 6,219,668 shares, compared to its average volume of 4,747,699. The company has a market cap of $86.97 billion, a P/E ratio of 20.43, a PEG ratio of 1.06 and a beta of 1.02. The business's fifty day moving average price is $121.80 and its 200 day moving average price is $107.16. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66.

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 for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same period last year, the company earned $1.27 EPS. The company's revenue was up 5.1% compared to the same quarter last year. As a group, sell-side analysts predict 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 paid 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 payout ratio is currently 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).