Swiss National Bank Increases Holdings in Dell Technologies Inc. (NYSE:DELL)

Key Points

• The Swiss National Bank increased its holdings in Dell Technologies by 1.6%, now owning approximately 0.13% of the company worth about $82.96 million.
• Insider transactions included CEO Michael S. Dell selling 10 million shares valued at over $1.22 billion, reducing his ownership by 27.85%.
• Analysts have raised price targets for Dell Technologies, with a consensus rating of "Moderate Buy" and an average target price of $140.06.

Swiss National Bank boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 910,108 shares of the technology company's stock after buying an additional 14,100 shares during the period. Swiss National Bank owned approximately 0.13% of Dell Technologies worth $82,956,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DELL. Vanguard Capital Wealth Advisors grew its holdings in shares of Dell Technologies by 5.9% during the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock worth $207,000 after acquiring an additional 100 shares during the period. Cary Street Partners Financial LLC lifted its position in Dell Technologies by 2.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company's stock valued at $395,000 after acquiring an additional 116 shares in the last quarter. OneAscent Financial Services LLC lifted its position in Dell Technologies by 3.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock valued at $345,000 after acquiring an additional 125 shares in the last quarter. MRP Capital Investments LLC lifted its position in Dell Technologies by 0.8% in the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock valued at $1,365,000 after acquiring an additional 125 shares in the last quarter. Finally, Greenleaf Trust lifted its position in Dell Technologies by 1.4% in the 1st quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock valued at $927,000 after acquiring an additional 136 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the transaction, the director directly owned 938,741 shares in the company, valued at $105,918,147.03. This trade represents a 35.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the transaction, the director directly owned 960,050 shares in the company, valued at approximately $121,158,310. This represents a 39.43% decrease in their position. 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. 42.00% of the stock is owned by insiders.

Wall Street Analyst Weigh In

DELL has been the subject of a number of analyst reports. Raymond James Financial increased their price target on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Evercore ISI reissued an "outperform" rating on shares of Dell Technologies in a research note on Thursday, May 29th. UBS Group decreased their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research note on Friday, May 30th. Morgan Stanley raised their target price on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research report on Thursday, July 17th. Five equities 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, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $141.53.

Dell Technologies Trading Up 0.5%

Shares of Dell Technologies stock traded up $0.69 on Monday, reaching $138.30. 4,397,526 shares of the stock were exchanged, compared to its average volume of 4,972,846. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The business has a fifty day moving average price of $123.63 and a two-hundred day moving average price of $107.73. The firm has a market capitalization of $93.88 billion, a PE ratio of 22.06, a PEG ratio of 0.97 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data 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). 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 for the quarter, compared to analysts' expectations of $23.17 billion. During the same period in the previous year, the company posted $1.27 EPS. The business's quarterly revenue was up 5.1% on a year-over-year basis. Research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were paid a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.5%. Dell Technologies's payout ratio is currently 33.49%.

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).