Migdal Insurance & Financial Holdings Ltd. Acquires New Stake in Dell Technologies Inc. (NYSE:DELL)

Migdal Insurance & Financial Holdings Ltd. purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 4,093 shares of the technology company's stock, valued at approximately $377,000.

Several other large investors have also made changes to their positions in DELL. Bellwether Advisors LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies during the first quarter worth $25,000. Lee Danner & Bass Inc. acquired a new position in Dell Technologies in the fourth quarter valued at $26,000. Cullen Frost Bankers Inc. lifted its holdings in Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after buying an additional 222 shares during the period. Finally, Crowley Wealth Management Inc. lifted its holdings in Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Performance

DELL stock traded up $7.20 during trading on Friday, reaching $131.08. The company had a trading volume of 11,017,744 shares, compared to its average volume of 8,515,424. The company has a market cap of $88.98 billion, a price-to-earnings ratio of 20.91, a price-to-earnings-growth ratio of 1.21 and a beta of 1.02. The firm has a 50-day simple moving average of $117.32 and a 200-day simple moving average of $105.93. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its 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 business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%. The company's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.27 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.60%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is currently 33.49%.

Analyst Ratings Changes

A number of research firms recently weighed in on DELL. Morgan Stanley upped their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. 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. Barclays lifted their price target 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. TD Cowen raised their price objective on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Finally, Mizuho lifted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average target price of $140.06.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the sale, the director directly owned 938,741 shares in the company, valued at approximately $105,918,147.03. The trade was a 35.96% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the company's stock in a transaction on Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value 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 approximately $8,697,764.96. This trade represents a 46.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,897,063 shares of company stock worth $1,570,909,812 in the last ninety days. 42.00% of the stock is currently owned by company insiders.

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).