Mn Services Vermogensbeheer B.V. Reduces Holdings in Dell Technologies Inc. (NYSE:DELL)

Mn Services Vermogensbeheer B.V. cut its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,900 shares of the technology company's stock after selling 6,800 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Dell Technologies were worth $7,921,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Bellwether Advisors LLC acquired a new position in Dell Technologies in the fourth quarter valued at $25,000. Vision Financial Markets LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $26,000. Lee Danner & Bass Inc. acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $26,000. Crowley Wealth Management Inc. lifted its stake in shares of 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 purchasing an additional 150 shares during the period. Finally, JFS Wealth Advisors LLC lifted its stake in Dell Technologies by 204.6% in the fourth quarter. JFS Wealth Advisors LLC now owns 329 shares of the technology company's stock valued at $38,000 after buying an additional 221 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Transactions at Dell Technologies

In other news, CFO Yvonne Mcgill sold 8,000 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $110.80, for a total transaction of $886,400.00. Following the completion of the sale, the chief financial officer now owns 245,804 shares of the company's stock, valued at approximately $27,235,083.20. This represents a 3.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction that occurred 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 sale, the general counsel now directly owns 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. In the last three months, insiders sold 1,379,092 shares of company stock worth $156,638,174. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Up 0.5%

Dell Technologies stock traded up $0.64 during trading on Wednesday, hitting $116.57. The stock had a trading volume of 4,662,642 shares, compared to its average volume of 9,108,223. The stock's 50 day moving average is $101.65 and its two-hundred day moving average is $105.22. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $161.52. The stock has a market cap of $81.34 billion, a price-to-earnings ratio of 18.59, a price-to-earnings-growth ratio of 1.07 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its 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). The company had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.27 EPS. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd will be paid a $0.525 dividend. The ex-dividend date is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.80%. Dell Technologies's dividend payout ratio is presently 33.49%.

Analyst Upgrades and Downgrades

DELL has been the topic of several research reports. Evercore ISI reiterated an "outperform" rating on shares of Dell Technologies in a report on Thursday, May 29th. Raymond James Financial upped their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. UBS Group lowered their target price on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday. Finally, Mizuho increased their price target on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research report on Monday, May 19th. Three analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $138.00.

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).