Guggenheim Capital LLC Has $1.72 Million Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Guggenheim Capital LLC trimmed its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 19.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,662 shares of the technology company’s stock after selling 10,587 shares during the quarter. Guggenheim Capital LLC’s holdings in Dell Technologies were worth $1,715,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ increased its position in Dell Technologies by 95.2% during the 1st quarter. Skandinaviska Enskilda Banken AB publ now owns 388,469 shares of the technology company’s stock worth $15,605,000 after purchasing an additional 189,502 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in Dell Technologies by 170.4% in the 1st quarter. Bank Julius Baer & Co. Ltd Zurich now owns 8,600 shares of the technology company’s stock valued at $346,000 after acquiring an additional 5,420 shares during the period. B. Metzler seel. Sohn & Co. AG increased its position in Dell Technologies by 116.2% in the 1st quarter. B. Metzler seel. Sohn & Co. AG now owns 12,025 shares of the technology company’s stock valued at $484,000 after acquiring an additional 6,463 shares during the period. Private Advisor Group LLC acquired a new position in Dell Technologies in the 1st quarter valued at approximately $524,000. Finally, Qsemble Capital Management LP acquired a new position in Dell Technologies in the 1st quarter valued at approximately $354,000. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DELL has been the subject of several recent research reports. Credit Suisse Group upped their price target on shares of Dell Technologies from $50.00 to $56.00 in a research report on Friday, June 2nd. Bank of America upped their price objective on shares of Dell Technologies from $55.00 to $60.00 in a research note on Wednesday, June 28th. Citigroup started coverage on shares of Dell Technologies in a research note on Thursday, June 29th. They issued a “buy” rating and a $60.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $52.00 to $65.00 and gave the company an “overweight” rating in a research note on Friday, August 18th. Finally, Raymond James upped their price objective on shares of Dell Technologies from $45.00 to $50.00 in a research note on Friday, June 2nd. Three equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.36.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 3,529,000 shares of Dell Technologies stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $55.36, for a total value of $195,365,440.00. Following the completion of the transaction, the director now owns 135,124 shares in the company, valued at $7,480,464.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Iv (Gp) L.L.C. Slta sold 3,529,000 shares of Dell Technologies stock in a transaction dated Tuesday, July 11th. The shares were sold at an average price of $55.36, for a total value of $195,365,440.00. Following the completion of the transaction, the director now owns 135,124 shares in the company, valued at $7,480,464.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Anthony Charles Whitten sold 107,803 shares of the business’s stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $55.14, for a total transaction of $5,944,257.42. Following the transaction, the chief operating officer now directly owns 650,198 shares of the company’s stock, valued at approximately $35,851,917.72. The disclosure for this sale can be found here. Insiders sold 3,965,841 shares of company stock worth $219,485,757 over the last quarter. Corporate insiders own 48.60% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $56.24 on Friday. The firm has a market cap of $40.90 billion, a price-to-earnings ratio of 21.30, a P/E/G ratio of 1.04 and a beta of 1.05. Dell Technologies Inc. has a 52 week low of $32.90 and a 52 week high of $58.72. The firm’s 50-day simple moving average is $54.59 and its two-hundred day simple moving average is $47.21.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, June 1st. The technology company reported $1.31 EPS for the quarter, topping the consensus estimate of $0.86 by $0.45. The business had revenue of $20.92 billion for the quarter, compared to analyst estimates of $20.27 billion. Dell Technologies had a net margin of 2.01% and a negative return on equity of 149.49%. The company’s revenue for the quarter was down 19.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.64 earnings per share. Analysts forecast that Dell Technologies Inc. will post 4.6 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, August 4th. Stockholders of record on Tuesday, July 25th were paid a $0.37 dividend. The ex-dividend date was Monday, July 24th. This represents a $1.48 annualized dividend and a dividend yield of 2.63%. Dell Technologies’s payout ratio is 56.06%.

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).