Swiss National Bank Buys 41,700 Shares of Dell Technologies Inc. $DELL

Swiss National Bank grew its stake in shares of Dell Technologies Inc. (NYSE:DELLFree Report) by 4.7% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 931,008 shares of the technology company’s stock after buying an additional 41,700 shares during the period. Swiss National Bank’s holdings in Dell Technologies were worth $152,806,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Valley Wealth Managers Inc. raised its position in Dell Technologies by 6.0% during the first quarter. Valley Wealth Managers Inc. now owns 169,973 shares of the technology company’s stock valued at $27,898,000 after purchasing an additional 9,590 shares in the last quarter. Mediolanum International Funds Ltd boosted its holdings in shares of Dell Technologies by 29.7% in the 1st quarter. Mediolanum International Funds Ltd now owns 30,382 shares of the technology company’s stock worth $5,003,000 after purchasing an additional 6,950 shares in the last quarter. Hershey Financial Advisers LLC bought a new position in shares of Dell Technologies during the 1st quarter valued at about $2,172,000. Aurora Investment Counsel raised its holdings in shares of Dell Technologies by 4.0% during the 1st quarter. Aurora Investment Counsel now owns 21,502 shares of the technology company’s stock valued at $3,529,000 after buying an additional 836 shares in the last quarter. Finally, Quadrant Private Wealth Management LLC raised its holdings in shares of Dell Technologies by 4.1% during the 1st quarter. Quadrant Private Wealth Management LLC now owns 1,830 shares of the technology company’s stock valued at $300,000 after buying an additional 72 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Lake Group L.L.C. Silver sold 16,679 shares of the firm’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $396.37, for a total value of $6,611,055.23. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of the business’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $15,814,486.26. Following the transaction, the director directly owned 43,961 shares in the company, valued at approximately $19,938,071.94. This represents a 44.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,434,758 shares of company stock worth $1,448,870,683. 41.50% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Up 0.2%

NYSE DELL opened at $397.18 on Monday. The stock’s 50 day moving average is $372.69 and its 200 day moving average is $229.39. The firm has a market capitalization of $257.42 billion, a PE ratio of 31.55, a P/E/G ratio of 0.85 and a beta of 1.31. Dell Technologies Inc. has a twelve month low of $110.22 and a twelve month high of $469.47.

Dell Technologies (NYSE:DELLGet Free Report) last released its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The firm had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. During the same period in the prior year, the firm posted $1.55 earnings per share. The company’s quarterly revenue was up 87.5% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. On average, research analysts anticipate that Dell Technologies Inc. will post 17.77 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, July 21st. Dell Technologies’s dividend payout ratio is presently 20.02%.

Analyst Upgrades and Downgrades

DELL has been the subject of several research reports. Susquehanna set a $289.00 target price on Dell Technologies and gave the stock a “neutral” rating in a research note on Friday, May 29th. The Goldman Sachs Group lifted their price target on shares of Dell Technologies from $230.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Weiss Ratings raised shares of Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 15th. TD Cowen boosted their target price on Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a research note on Friday, May 29th. Finally, Morgan Stanley increased their target price on Dell Technologies from $448.00 to $477.00 and gave the company an “equal weight” rating in a report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $492.76.

View Our Latest Stock Analysis on DELL

Dell Technologies News Summary

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About Dell Technologies

(Free Report)

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

See Also

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

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