LGT Group Foundation Decreases Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

LGT Group Foundation lessened its stake in Dell Technologies Inc. (NYSE:DELL) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,490 shares of the technology company’s stock after selling 3,853 shares during the period. LGT Group Foundation’s holdings in Dell Technologies were worth $6,136,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in DELL. Vanguard Group Inc. lifted its holdings in Dell Technologies by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 17,595,478 shares of the technology company’s stock valued at $1,346,054,000 after acquiring an additional 647,192 shares during the period. Capital World Investors bought a new position in Dell Technologies in the 1st quarter worth $835,946,000. Point72 Asset Management L.P. lifted its position in Dell Technologies by 14.8% during the fourth quarter. Point72 Asset Management L.P. now owns 4,045,200 shares of the technology company’s stock valued at $309,458,000 after purchasing an additional 520,677 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its stake in shares of Dell Technologies by 449.8% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 3,714,573 shares of the technology company’s stock worth $284,165,000 after purchasing an additional 3,038,891 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in shares of Dell Technologies by 83.4% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock valued at $250,676,000 after buying an additional 1,011,512 shares in the last quarter. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 1,205,052 shares of the company’s stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of $131.96, for a total transaction of $159,018,661.92. Following the transaction, the chief executive officer now owns 26,725,566 shares in the company, valued at $3,526,705,689.36. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director David W. Dorman sold 75,000 shares of the firm’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $135.26, for a total transaction of $10,144,500.00. Following the completion of the transaction, the director now owns 114,317 shares of the company’s stock, valued at $15,462,517.42. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Michael S. Dell sold 1,205,052 shares of the stock in a transaction dated Wednesday, June 12th. The stock was sold at an average price of $131.96, for a total value of $159,018,661.92. Following the sale, the chief executive officer now directly owns 26,725,566 shares in the company, valued at $3,526,705,689.36. The disclosure for this sale can be found here. Insiders have sold 5,561,455 shares of company stock valued at $762,858,509 in the last ninety days. Corporate insiders own 46.70% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of several research analyst reports. Loop Capital boosted their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. UBS Group lowered their price target on shares of Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a report on Friday, August 30th. Barclays boosted their price objective on Dell Technologies from $97.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Friday, August 30th. Citigroup raised their price objective on Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Finally, JPMorgan Chase & Co. raised their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Two equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $136.80.

Dell Technologies Trading Up 3.8 %

DELL opened at $105.91 on Tuesday. The stock has a fifty day moving average price of $116.50 and a 200-day moving average price of $123.78. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The firm has a market cap of $75.12 billion, a price-to-earnings ratio of 21.61, a PEG ratio of 1.08 and a beta of 0.90.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, beating analysts’ consensus estimates of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. The business had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. During the same period last year, the business earned $1.44 EPS. The company’s revenue was up 9.1% compared to the same quarter last year. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies 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).