Allianz Asset Management GmbH Acquires 67,146 Shares of Dell Technologies Inc. (NYSE:DELL)

Allianz Asset Management GmbH raised its stake in Dell Technologies Inc. (NYSE:DELLFree Report) by 63.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,522 shares of the technology company’s stock after acquiring an additional 67,146 shares during the quarter. Allianz Asset Management GmbH’s holdings in Dell Technologies were worth $13,198,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Raymond James & Associates lifted its holdings in Dell Technologies by 27.2% in the fourth quarter. Raymond James & Associates now owns 273,676 shares of the technology company’s stock valued at $20,936,000 after buying an additional 58,590 shares during the period. Nordea Investment Management AB raised its stake in Dell Technologies by 158.3% during the 4th quarter. Nordea Investment Management AB now owns 232,231 shares of the technology company’s stock worth $17,762,000 after buying an additional 142,337 shares during the period. Los Angeles Capital Management LLC lifted its holdings in Dell Technologies by 171.7% during the fourth quarter. Los Angeles Capital Management LLC now owns 16,378 shares of the technology company’s stock worth $1,253,000 after acquiring an additional 10,350 shares in the last quarter. Aigen Investment Management LP acquired a new position in Dell Technologies in the fourth quarter valued at about $410,000. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Dell Technologies by 1,475.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 290,592 shares of the technology company’s stock worth $22,230,000 after acquiring an additional 272,144 shares in the last quarter. 38.10% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Michael S. Dell sold 624,450 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $119.80, for a total value of $74,809,110.00. Following the completion of the sale, the chief executive officer now directly owns 39,787,791 shares in the company, valued at approximately $4,766,577,361.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Michael S. Dell sold 624,450 shares of the business’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 transaction of $74,809,110.00. Following the transaction, the chief executive officer now directly owns 39,787,791 shares of the company’s stock, valued at approximately $4,766,577,361.80. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 transaction, the general counsel now directly owns 86,836 shares of the company’s stock, valued at $11,544,846.20. The disclosure for this sale can be found here. Insiders sold a total of 6,008,829 shares of company stock valued at $671,287,307 in the last quarter. Company insiders own 46.70% of the company’s stock.

Dell Technologies Trading Down 17.9 %

NYSE:DELL opened at $139.56 on Monday. The firm has a fifty day simple moving average of $131.21 and a 200 day simple moving average of $101.24. Dell Technologies Inc. has a 1-year low of $44.45 and a 1-year high of $179.70. The stock has a market capitalization of $99.62 billion, a PE ratio of 28.48, a P/E/G ratio of 1.77 and a beta of 0.85.

Wall Street Analyst Weigh In

DELL has been the subject of several research analyst reports. Morgan Stanley boosted their price objective on Dell Technologies from $152.00 to $155.00 and gave the company an “overweight” rating in a research report on Friday. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $170.00 to $175.00 and gave the stock an “overweight” rating in a research report on Friday. UBS Group boosted their price objective on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a research report on Friday, April 19th. JPMorgan Chase & Co. increased their target price on Dell Technologies from $125.00 to $155.00 and gave the stock an “overweight” rating in a report on Monday, May 20th. Finally, Sanford C. Bernstein boosted their price target on Dell Technologies from $120.00 to $155.00 and gave the company an “outperform” rating in a report on Monday, May 20th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $135.81.

Check Out Our Latest Research Report on DELL

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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