Dell Technologies Inc. (NYSE:DELL) Shares Bought by OVERSEA CHINESE BANKING Corp Ltd

OVERSEA CHINESE BANKING Corp Ltd boosted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 272.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 16,083 shares of the technology company's stock after buying an additional 11,764 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd's holdings in Dell Technologies were worth $1,562,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new position in Dell Technologies in the fourth quarter valued at $25,000. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies in the first quarter valued at $25,000. Lee Danner & Bass Inc. purchased a new position in Dell Technologies in the fourth quarter valued at $26,000. Crowley Wealth Management Inc. increased 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 last quarter. Finally, Olde Wealth Management LLC purchased a new position in Dell Technologies in the first quarter valued at $32,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

DELL has been the topic of several research reports. Wall Street Zen lowered Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday. Raymond James Financial raised their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. KeyCorp initiated coverage on Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. JPMorgan Chase & Co. raised their price objective on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday. Finally, Citigroup raised their price objective on Dell Technologies from $128.00 to $135.00 and gave the stock a "buy" rating in a report on Friday, May 30th. Five research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $140.06.

Dell Technologies Trading Up 6.5%

Shares of DELL traded up $8.02 during mid-day trading on Friday, hitting $131.90. 8,271,205 shares of the company's stock were exchanged, compared to its average volume of 8,504,656. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The firm has a market capitalization of $89.54 billion, a P/E ratio of 21.01, a P/E/G ratio of 1.14 and a beta of 1.02. The business's 50 day moving average is $116.62 and its two-hundred day moving average is $105.88.

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 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%. Dell Technologies's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.27 EPS. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.59%. Dell Technologies's dividend payout ratio is currently 33.49%.

Insiders Place Their Bets

In other news, Director Lake Group L.L.C. Silver sold 10,681 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of $120.33, for a total value of $1,285,244.73. Following the completion of the sale, the director directly owned 938,741 shares of the company's stock, valued at $112,958,704.53. This trade represents a 1.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $127.56, for a total value of $76,536,000.00. Following the completion of the sale, the director directly owned 980,295 shares of the company's stock, valued at $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 ninety days, insiders sold 12,897,063 shares of company stock worth $1,570,909,812. Corporate insiders own 42.00% of the company's stock.

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).