Dell Technologies Inc. $DELL Shares Acquired by Comerica Bank

Comerica Bank grew its position in Dell Technologies Inc. (NYSE:DELL) by 24.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,496 shares of the technology company’s stock after purchasing an additional 17,293 shares during the period. Comerica Bank’s holdings in Dell Technologies were worth $8,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of DELL. Michael & Susan Dell Foundation acquired a new position in shares of Dell Technologies in the 4th quarter valued at about $265,052,000. Janus Henderson Group PLC lifted its stake in shares of Dell Technologies by 160.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company’s stock valued at $348,814,000 after purchasing an additional 1,865,013 shares in the last quarter. Boston Partners lifted its stake in shares of Dell Technologies by 34.4% in the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after purchasing an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Dell Technologies by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock valued at $2,653,032,000 after buying an additional 1,145,658 shares during the period. Finally, Deutsche Bank AG raised its holdings in shares of Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock valued at $377,508,000 after buying an additional 1,142,012 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Michael S. Dell sold 10,000,000 shares of the business’s stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the sale, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. The trade was a 27.85% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William D. Green sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $140.00, for a total value of $7,000,000.00. Following the completion of the sale, the director owned 45,045 shares of the company’s stock, valued at $6,306,300. This trade represents a 52.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,989,063 shares of company stock worth $1,583,673,412. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Stock Up 1.1%

DELL stock opened at $132.45 on Thursday. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66. The stock’s 50 day moving average is $128.73 and its two-hundred day moving average is $110.22. The company has a market capitalization of $89.91 billion, a PE ratio of 21.12, a P/E/G ratio of 0.91 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%.The business had revenue of $23.38 billion for the quarter, compared to analysts’ expectations of $23.17 billion. During the same quarter in the prior year, the firm earned $1.27 earnings per share. Dell Technologies’s revenue for the quarter was up 5.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 22nd. Dell Technologies’s payout ratio is 33.49%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on DELL shares. KeyCorp started coverage on Dell Technologies in a report on Thursday, June 26th. They set a “sector weight” rating on the stock. UBS Group dropped their target price on Dell Technologies from $150.00 to $145.00 and set a “buy” rating on the stock in a report on Friday, May 30th. Bank of America raised their target price on Dell Technologies from $155.00 to $165.00 and gave the company a “buy” rating in a report on Friday, July 18th. Susquehanna reiterated a “neutral” rating and set a $125.00 target price on shares of Dell Technologies in a report on Wednesday, August 13th. Finally, Evercore ISI raised their target price on Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $144.06.

About Dell Technologies

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).