Zurcher Kantonalbank Zurich Cantonalbank Sells 2,160 Shares of Dell Technologies Inc. (NYSE:DELL)

Zurcher Kantonalbank Zurich Cantonalbank lessened its position in Dell Technologies Inc. (NYSE:DELL) by 4.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,178 shares of the technology company’s stock after selling 2,160 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Dell Technologies were worth $3,609,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Anchor Investment Management LLC bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $26,000. Pinnacle Bancorp Inc. raised its holdings in shares of Dell Technologies by 96.9% during the fourth quarter. Pinnacle Bancorp Inc. now owns 382 shares of the technology company’s stock valued at $29,000 after purchasing an additional 188 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA raised its holdings in shares of Dell Technologies by 454.5% during the fourth quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 488 shares of the technology company’s stock valued at $37,000 after purchasing an additional 400 shares during the last quarter. Castleview Partners LLC purchased a new position in shares of Dell Technologies during the third quarter valued at approximately $39,000. Finally, GPS Wealth Strategies Group LLC raised its holdings in shares of Dell Technologies by 1,456.4% during the fourth quarter. GPS Wealth Strategies Group LLC now owns 607 shares of the technology company’s stock valued at $46,000 after purchasing an additional 568 shares during the last quarter. Institutional investors own 38.10% of the company’s stock.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 41,550 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the completion of the transaction, the chief executive officer now owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Michael S. Dell sold 41,550 shares of the company’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of $107.03, for a total transaction of $4,447,096.50. Following the completion of the transaction, the chief executive officer now owns 36,389,719 shares in the company, valued at $3,894,791,624.57. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 1,944,641 shares of the company’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of $108.79, for a total transaction of $211,557,494.39. Following the transaction, the chief executive officer now owns 33,412,241 shares of the company’s stock, valued at approximately $3,634,917,698.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,382,204 shares of company stock worth $718,452,037. 48.60% of the stock is owned by insiders.

Dell Technologies Price Performance

DELL opened at $115.54 on Tuesday. The firm has a market cap of $82.47 billion, a P/E ratio of 26.44, a PEG ratio of 1.45 and a beta of 0.92. Dell Technologies Inc. has a 1-year low of $41.47 and a 1-year high of $136.16. The company has a 50 day simple moving average of $109.53 and a two-hundred day simple moving average of $86.83.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, February 29th. The technology company reported $2.20 earnings per share for the quarter, topping analysts’ consensus estimates of $1.73 by $0.47. The business had revenue of $22.32 billion during the quarter, compared to analyst estimates of $22.17 billion. Dell Technologies had a net margin of 3.63% and a negative return on equity of 172.07%. The company’s revenue was down 10.9% on a year-over-year basis. During the same period in the prior year, the business posted $1.55 earnings per share. Equities analysts anticipate that Dell Technologies Inc. will post 6.58 earnings per share for the current year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 3rd. Investors of record on Tuesday, April 23rd will be given a dividend of $0.445 per share. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, April 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.54%. Dell Technologies’s dividend payout ratio is currently 33.87%.

Analyst Upgrades and Downgrades

DELL has been the subject of several research reports. TD Cowen boosted their price objective on shares of Dell Technologies from $75.00 to $105.00 and gave the company a “market perform” rating in a report on Friday, March 1st. Barclays boosted their price objective on shares of Dell Technologies from $53.00 to $94.00 and gave the company an “underweight” rating in a report on Friday, March 1st. Morgan Stanley boosted their price objective on shares of Dell Technologies from $100.00 to $128.00 and gave the company an “overweight” rating in a report on Friday, March 1st. UBS Group upped their target price on shares of Dell Technologies from $113.00 to $141.00 and gave the company a “buy” rating in a report on Friday. Finally, JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $90.00 to $100.00 and gave the company an “overweight” rating in a report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, one has assigned a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $104.63.

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).