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

Swiss National Bank lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 2.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 800,708 shares of the technology company’s stock after selling 24,200 shares during the period. Swiss National Bank owned approximately 0.11% of Dell Technologies worth $61,254,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Greenleaf Trust boosted its stake in shares of Dell Technologies by 1.2% during the 4th quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock worth $772,000 after purchasing an additional 122 shares during the period. ORG Partners LLC boosted its position in shares of Dell Technologies by 19.0% during the fourth quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock valued at $67,000 after buying an additional 140 shares during the period. Signet Financial Management LLC grew its stake in shares of Dell Technologies by 0.4% during the fourth quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock valued at $3,083,000 after buying an additional 153 shares during the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Dell Technologies by 5.0% in the third quarter. Sequoia Financial Advisors LLC now owns 3,921 shares of the technology company’s stock worth $270,000 after buying an additional 188 shares during the period. Finally, Pinnacle Bancorp Inc. lifted its stake in shares of Dell Technologies by 96.9% during the 4th quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after acquiring an additional 188 shares during the last quarter. 38.10% of the stock is owned by institutional investors.

Dell Technologies Trading Up 1.4 %

Shares of DELL opened at $125.10 on Monday. Dell Technologies Inc. has a 12 month low of $44.08 and a 12 month high of $136.16. The stock has a fifty day moving average price of $116.47 and a 200-day moving average price of $90.34. The firm has a market cap of $89.30 billion, a PE ratio of 28.63, a P/E/G ratio of 1.58 and a beta of 0.87.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 EPS for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. Dell Technologies had a negative return on equity of 172.07% and a net margin of 3.63%. The company had revenue of $22.32 billion during the quarter, compared to analysts’ expectations of $22.17 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The firm’s revenue was down 10.9% compared to the same quarter last year. As a group, research analysts forecast that Dell Technologies Inc. will post 6.58 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 3rd. Shareholders of record on Tuesday, April 23rd were given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.42%. The ex-dividend date of this dividend was Monday, April 22nd. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. Dell Technologies’s dividend payout ratio is currently 40.73%.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent analyst reports. Evercore ISI increased their target price on Dell Technologies from $95.00 to $125.00 and gave the stock an “outperform” rating in a research note on Friday, March 1st. TD Cowen boosted their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a research report on Friday, March 1st. Wells Fargo & Company raised their target price on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research report on Friday, March 1st. Loop Capital began coverage on Dell Technologies in a report on Wednesday, February 28th. They issued a “buy” rating and a $125.00 price target for the company. Finally, UBS Group raised their price objective on Dell Technologies from $113.00 to $141.00 and gave the stock a “buy” rating in a report on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $104.63.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the sale, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total transaction of $5,716,771.65. Following the transaction, the director now owns 535,816 shares in the company, valued at $71,997,595.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Jennifer D. Saavedra sold 18,260 shares of the business’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $120.10, for a total value of $2,193,026.00. Following the completion of the sale, the insider now owns 206,961 shares of the company’s stock, valued at $24,856,016.10. The disclosure for this sale can be found here. Insiders sold a total of 6,382,204 shares of company stock valued at $718,452,037 in the last three months. 48.60% of the stock is currently owned by corporate insiders.

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).