Robeco Schweiz AG Increases Position in Dell Technologies Inc. (NYSE:DELL)

Robeco Schweiz AG boosted its position in Dell Technologies Inc. (NYSE:DELL) by 38.9% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 48,600 shares of the technology company’s stock after acquiring an additional 13,600 shares during the period. Robeco Schweiz AG’s holdings in Dell Technologies were worth $6,702,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of DELL. Vanguard Group Inc. raised its position 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 purchasing an additional 647,192 shares during the period. Capital World Investors acquired a new stake in shares of Dell Technologies in the first quarter valued at approximately $835,946,000. Point72 Asset Management L.P. raised its holdings in shares of 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 buying an additional 520,677 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in shares of Dell Technologies by 449.8% during 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 buying an additional 3,038,891 shares during the period. Finally, DekaBank Deutsche Girozentrale grew its holdings in Dell Technologies by 83.4% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,224,975 shares of the technology company’s stock worth $250,676,000 after buying an additional 1,011,512 shares in the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DELL. Evercore ISI reiterated an “outperform” rating and set a $140.00 price target on shares of Dell Technologies in a research report on Wednesday, August 28th. Susquehanna initiated coverage on shares of Dell Technologies in a research report on Tuesday. They issued a “neutral” rating and a $120.00 target price for the company. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research report on Thursday, August 15th. Citigroup increased their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Loop Capital boosted their target price on Dell Technologies from $125.00 to $185.00 and gave the stock a “buy” rating in a report on Tuesday, May 28th. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $135.75.

Dell Technologies Stock Up 3.1 %

Shares of NYSE DELL opened at $112.16 on Friday. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The company has a market cap of $79.56 billion, a price-to-earnings ratio of 22.89, a P/E/G ratio of 1.08 and a beta of 0.90. The business has a fifty day simple moving average of $114.47 and a 200-day simple moving average of $123.71.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, August 29th. The technology company reported $1.89 EPS 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 company had revenue of $25.03 billion during the quarter, compared to analyst estimates of $24.14 billion. During the same period in the prior year, the firm earned $1.44 earnings per share. The business’s quarterly revenue was up 9.1% on a year-over-year basis. As a group, sell-side analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total value of $1,246,772.40. Following the completion of the sale, the director now owns 731,612 shares in the company, valued at $107,400,641.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director V (Gp) L.L.C. Slta sold 8,493 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the sale, the director now directly owns 731,612 shares in the company, valued at $107,400,641.60. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total transaction of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,504,993 shares of company stock worth $433,026,967. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Company 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).