Raiffeisen Bank International AG Sells 10,388 Shares of Dell Technologies Inc. (NYSE:DELL)

Key Points

• Raiffeisen Bank International AG sold 10,388 shares of Dell Technologies, reducing its stake by 5.5%, with remaining holdings valued at approximately $16.5 million.
• Wall Street analysts have mixed views, with some increasing price targets for Dell Technologies, while others have downgraded the stock, resulting in an overall average rating of "Moderate Buy".
• Dell recently announced a quarterly dividend of $0.525 per share, reflecting a 1.6% dividend yield and a payout ratio of 33.49%.

Raiffeisen Bank International AG cut its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 5.5% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 179,084 shares of the technology company's stock after selling 10,388 shares during the quarter. Raiffeisen Bank International AG's holdings in Dell Technologies were worth $16,528,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies in the fourth quarter valued at $25,000. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new position in Dell Technologies in the first quarter valued at about $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies in the first quarter valued at about $27,000. Finally, Cullen Frost Bankers Inc. boosted 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 acquiring an additional 222 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Dell Technologies stock traded up $2.89 during midday trading on Monday, reaching $130.21. The stock had a trading volume of 2,764,218 shares, compared to its average volume of 4,741,070. The firm's fifty day simple moving average is $121.11 and its 200-day simple moving average is $106.85. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The stock has a market capitalization of $88.39 billion, a P/E ratio of 20.77, a price-to-earnings-growth ratio of 1.03 and a beta of 1.02.

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 analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period in the prior year, the business posted $1.27 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. Dell Technologies's payout ratio is 33.49%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DELL. Raymond James Financial raised 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. JPMorgan Chase & Co. raised their target price on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Wall Street Zen cut Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Mizuho raised 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. Finally, Morgan Stanley raised their target price on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Five equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $140.06.

Insider Activity

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the business's stock in a transaction that occurred 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 transaction, the general counsel owned 79,928 shares of the company's stock, valued at $8,697,764.96. The trade was a 46.75% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 12,947,063 shares of company stock worth $1,577,559,812. Corporate insiders own 42.00% of the company's stock.

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).