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

Swiss National Bank decreased its stake in Dell Technologies Inc. (NYSE:DELL) by 2.9% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 800,708 shares of the technology company’s stock after selling 24,200 shares during the period. Swiss National Bank’s holdings in Dell Technologies were worth $61,254,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of DELL. FMR LLC grew its holdings in shares of Dell Technologies by 59.6% during the third quarter. FMR LLC now owns 9,376,674 shares of the technology company’s stock worth $646,053,000 after purchasing an additional 3,499,760 shares during the last quarter. Morgan Stanley increased its position in Dell Technologies by 96.9% during the third quarter. Morgan Stanley now owns 5,023,755 shares of the technology company’s stock worth $346,137,000 after buying an additional 2,472,866 shares during the period. Alkeon Capital Management LLC lifted its stake in Dell Technologies by 241.9% in the third quarter. Alkeon Capital Management LLC now owns 4,273,625 shares of the technology company’s stock valued at $294,453,000 after buying an additional 3,023,625 shares during the last quarter. Acadian Asset Management LLC boosted its holdings in shares of Dell Technologies by 45.0% in the third quarter. Acadian Asset Management LLC now owns 3,216,861 shares of the technology company’s stock valued at $221,605,000 after acquiring an additional 998,298 shares during the period. Finally, Jennison Associates LLC grew its position in shares of Dell Technologies by 31.7% during the third quarter. Jennison Associates LLC now owns 2,025,036 shares of the technology company’s stock worth $139,525,000 after acquiring an additional 487,332 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. Wells Fargo & Company increased their price target on shares of Dell Technologies from $85.00 to $140.00 and gave the stock an “overweight” rating in a research note on Friday, March 1st. JPMorgan Chase & Co. raised their price target on Dell Technologies from $90.00 to $100.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Evercore ISI upped their price objective on Dell Technologies from $95.00 to $125.00 and gave the company an “outperform” rating in a research note on Friday, March 1st. Barclays lifted their target price on Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a research note on Friday, March 1st. Finally, The Goldman Sachs Group upped their price target on Dell Technologies from $87.00 to $129.00 and gave the stock a “buy” rating in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $104.63.

Insiders Place Their Bets

In other news, General Counsel Richard J. Rothberg sold 93,954 shares of Dell Technologies stock in a transaction on Monday, April 8th. The stock was sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the transaction, the general counsel now owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other news, General Counsel Richard J. Rothberg sold 93,954 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $132.95, for a total transaction of $12,491,184.30. Following the completion of the transaction, the general counsel now directly owns 86,836 shares of the company’s stock, valued at approximately $11,544,846.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 42,545 shares of Dell Technologies stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $134.37, for a total value of $5,716,771.65. Following the transaction, the director now owns 535,816 shares of the company’s stock, valued at $71,997,595.92. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 6,382,204 shares of company stock worth $718,452,037. 48.60% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $125.10 on Monday. The company’s fifty day moving average is $116.47 and its two-hundred day moving average is $90.34. The firm has a market capitalization of $89.30 billion, a P/E ratio of 28.63, a PEG ratio of 1.58 and a beta of 0.87. Dell Technologies Inc. has a one year low of $44.08 and a one year high of $136.16.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping the consensus estimate of $1.73 by $0.47. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The company had revenue of $22.32 billion for the quarter, compared to analyst estimates of $22.17 billion. During the same period in the prior year, the business posted $1.55 earnings per share. The firm’s revenue for the quarter was down 10.9% compared to the same quarter last year. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.58 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

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

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).