US Bancorp DE Purchases 5,615 Shares of Dell Technologies Inc. (NYSE:DELL)

US Bancorp DE increased its holdings in Dell Technologies Inc. (NYSE:DELLFree Report) by 35.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 21,379 shares of the technology company’s stock after purchasing an additional 5,615 shares during the period. US Bancorp DE’s holdings in Dell Technologies were worth $1,636,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of DELL. Greenleaf Trust grew its position in Dell Technologies by 1.2% in the fourth quarter. Greenleaf Trust now owns 10,097 shares of the technology company’s stock worth $772,000 after acquiring an additional 122 shares in the last quarter. ORG Partners LLC boosted its holdings in shares of Dell Technologies by 19.0% in the 4th quarter. ORG Partners LLC now owns 876 shares of the technology company’s stock worth $67,000 after purchasing an additional 140 shares during the period. Signet Financial Management LLC increased its position in shares of Dell Technologies by 0.4% during the 4th quarter. Signet Financial Management LLC now owns 40,295 shares of the technology company’s stock valued at $3,083,000 after purchasing an additional 153 shares during the last quarter. Sequoia Financial Advisors LLC lifted its position in 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 last quarter. Finally, Pinnacle Bancorp Inc. boosted its stake in Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock worth $29,000 after buying an additional 188 shares during the period. Institutional investors own 38.10% of the company’s stock.

Insider Activity

In related news, CEO Michael S. Dell sold 624,450 shares of the company’s stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $119.80, for a total value of $74,809,110.00. Following the sale, the chief executive officer now owns 39,787,791 shares in the company, valued at $4,766,577,361.80. The sale was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Michael S. Dell sold 624,450 shares of the business’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $119.80, for a total transaction of $74,809,110.00. Following the completion of the transaction, the chief executive officer now directly owns 39,787,791 shares in the company, valued at $4,766,577,361.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael S. Dell sold 1,944,641 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $108.79, for a total value of $211,557,494.39. Following the sale, the chief executive officer now directly owns 33,412,241 shares in the company, valued at $3,634,917,698.39. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,382,204 shares of company stock valued at $718,452,037. Company insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the subject of several analyst reports. Evercore ISI raised their target price on shares of Dell Technologies from $140.00 to $165.00 and gave the stock an “outperform” rating in a report on Thursday, May 16th. Morgan Stanley raised their price objective on shares of Dell Technologies from $152.00 to $155.00 and gave the stock an “overweight” rating in a research note on Friday. Barclays dropped their price objective on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a report on Friday. TD Cowen boosted their price objective on shares of Dell Technologies from $105.00 to $155.00 and gave the company a “hold” rating in a research report on Friday. Finally, Bank of America boosted their price target on Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $135.81.

Check Out Our Latest Research Report on Dell Technologies

Dell Technologies Price Performance

Shares of DELL stock opened at $139.56 on Friday. The business has a fifty day moving average of $131.21 and a 200 day moving average of $101.05. Dell Technologies Inc. has a 1 year low of $44.45 and a 1 year high of $179.70. The firm has a market capitalization of $99.62 billion, a price-to-earnings ratio of 28.48, a price-to-earnings-growth ratio of 1.77 and a beta of 0.87.

Dell Technologies Profile

(Free Report)

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).

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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