Vontobel Holding Ltd. Grows Stock Position in Dell Technologies Inc. (NYSE:DELL)

Vontobel Holding Ltd. lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 53.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 137,525 shares of the technology company's stock after purchasing an additional 47,641 shares during the quarter. Vontobel Holding Ltd.'s holdings in Dell Technologies were worth $12,535,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Group Inc. grew its holdings in Dell Technologies by 10.5% in the fourth quarter. Vanguard Group Inc. now owns 27,960,560 shares of the technology company's stock worth $3,222,175,000 after purchasing an additional 2,662,407 shares during the period. Capital World Investors boosted its holdings in Dell Technologies by 0.6% in the fourth quarter. Capital World Investors now owns 12,460,949 shares of the technology company's stock worth $1,436,000,000 after acquiring an additional 72,271 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Dell Technologies by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 6,870,042 shares of the technology company's stock valued at $789,680,000 after acquiring an additional 552,213 shares in the last quarter. Norges Bank bought a new position in shares of Dell Technologies in the 4th quarter worth $455,029,000. Finally, Northern Trust Corp grew its position in Dell Technologies by 16.1% in the 4th quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after purchasing an additional 460,483 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

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 stock was sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the sale, the director 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were 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 approximately $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,113,977 shares of company stock valued at $1,471,321,229 over the last 90 days. Insiders own 42.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Raymond James Financial lifted their price objective on shares of Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. Mizuho boosted their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Loop Capital dropped their target price on Dell Technologies from $185.00 to $130.00 and set a "buy" rating on the stock in a report on Tuesday, March 4th. Morgan Stanley lifted their target price on Dell Technologies from $89.00 to $126.00 and gave the company an "overweight" rating in a research report on Wednesday, May 21st. Finally, Barclays upped their price objective on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Five 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, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $138.00.

Dell Technologies Trading Up 1.5%

Shares of NYSE DELL traded up $1.77 during mid-day trading on Wednesday, hitting $123.50. The company had a trading volume of 3,936,344 shares, compared to its average volume of 8,758,213. The stock's 50-day moving average price is $109.06 and its 200-day moving average price is $105.11. The company has a market capitalization of $83.84 billion, a price-to-earnings ratio of 19.70, a P/E/G ratio of 1.13 and a beta of 1.02. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $150.23.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly 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 company had revenue of $23.38 billion for the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company's quarterly revenue was up 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.27 earnings per share. As a group, 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 disclosed a quarterly dividend, which will be paid on Friday, August 1st. Investors of record on Tuesday, July 22nd will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.70%. The ex-dividend date of this dividend is Tuesday, July 22nd. Dell Technologies's dividend payout ratio is 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).