156,285 Shares in Dell Technologies Inc. (NYSE:DELL) Purchased by Nan Fung Trinity HK Ltd.

Key Points

• Nan Fung Trinity HK Ltd. has acquired a new stake in Dell Technologies Inc., purchasing 156,285 shares valued at approximately $14.25 million, which represents about 2.3% of its holdings.
• Dell Technologies reported a net income decrease of 226.48% and missed earnings estimates, although its quarterly revenue increased by 5.1% year-over-year.
• The company announced a quarterly dividend of $0.525 per share, reflecting an annualized payout of $2.10 and a dividend yield of 1.57%.

Nan Fung Trinity HK Ltd. bought a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 156,285 shares of the technology company's stock, valued at approximately $14,245,000. Dell Technologies makes up approximately 2.3% of Nan Fung Trinity HK Ltd.'s portfolio, making the stock its 21st largest holding.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Capital World Investors grew its stake in shares of Dell Technologies by 0.6% in the 4th quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after buying an additional 72,271 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Dell Technologies by 8.7% in the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock worth $789,680,000 after acquiring an additional 552,213 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Dell Technologies by 16.1% during the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after acquiring an additional 460,483 shares in the last quarter. Janus Henderson Group PLC raised 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 worth $348,814,000 after purchasing an additional 1,865,013 shares during the last quarter. Finally, Invesco Ltd. grew its position in Dell Technologies by 2.4% during the 4th quarter. Invesco Ltd. now owns 2,450,065 shares of the technology company's stock valued at $282,346,000 after purchasing an additional 57,681 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Up 0.0%

NYSE:DELL traded up $0.03 during mid-day trading on Wednesday, hitting $133.54. 3,746,807 shares of the company traded hands, compared to its average volume of 4,466,089. The stock's fifty day moving average price is $120.39 and its 200-day moving average price is $106.61. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66. The firm has a market cap of $90.65 billion, a price-to-earnings ratio of 21.30, a price-to-earnings-growth ratio of 1.08 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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 firm had revenue of $23.38 billion during the quarter, compared to analysts' expectations 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 was up 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.27 earnings per share. Equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm 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 of this dividend is Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.57%. Dell Technologies's payout ratio is presently 33.49%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DELL. KeyCorp started coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. TD Cowen increased their target price on Dell Technologies from $120.00 to $125.00 and gave the company a "hold" rating in a research note on Friday, May 30th. Raymond James Financial upped their price target on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. UBS Group dropped their price objective on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research report on Friday, May 30th. Finally, JPMorgan Chase & Co. boosted their target price on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Five investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average price target of $140.06.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 6,086 shares of the company's stock in a transaction dated Thursday, July 17th. The stock was sold at an average price of $123.50, for a total value of $751,621.00. Following the completion of the transaction, the director owned 986,261 shares of the company's stock, valued at $121,803,233.50. This represents a 0.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $127.56, for a total value of $76,536,000.00. Following the completion of the transaction, the director directly owned 980,295 shares in the company, valued at approximately $125,046,430.20. This represents a 37.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,917,063 shares of company stock valued at $1,573,509,812. 42.00% of the stock is currently owned by corporate insiders.

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).