Czech National Bank Buys 7,999 Shares of Dell Technologies Inc. (NYSE:DELL)

Czech National Bank lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 13.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 66,600 shares of the technology company's stock after purchasing an additional 7,999 shares during the period. Czech National Bank's holdings in Dell Technologies were worth $7,675,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of DELL. State Street Corp lifted its holdings in Dell Technologies by 92.4% in the third quarter. State Street Corp now owns 12,767,011 shares of the technology company's stock worth $1,513,401,000 after acquiring an additional 6,131,507 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Dell Technologies by 71.8% in the 3rd quarter. Geode Capital Management LLC now owns 6,317,829 shares of the technology company's stock worth $746,596,000 after purchasing an additional 2,641,456 shares during the last quarter. International Assets Investment Management LLC boosted its position in Dell Technologies by 19,376.1% during the 3rd quarter. International Assets Investment Management LLC now owns 2,427,699 shares of the technology company's stock valued at $287,779,000 after purchasing an additional 2,415,234 shares during the period. Alkeon Capital Management LLC grew its stake in Dell Technologies by 48.3% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,146,777 shares of the technology company's stock worth $254,479,000 after buying an additional 699,204 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in Dell Technologies by 1.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,725,473 shares of the technology company's stock worth $204,538,000 after buying an additional 29,717 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other news, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now owns 23,680 shares of the company's stock, valued at $3,132,390.40. This trade represents a 2.97 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the completion of the transaction, the chief financial officer now owns 236,419 shares in the company, valued at $33,864,657.56. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 945,407 shares of company stock worth $115,573,009 in the last 90 days. 46.70% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DELL. Deutsche Bank Aktiengesellschaft reduced their price target on Dell Technologies from $144.00 to $142.00 and set a "buy" rating for the company in a research report on Monday, December 2nd. Mizuho reduced their price target on shares of Dell Technologies from $155.00 to $150.00 and set an "outperform" rating for the company in a research note on Wednesday, November 27th. Citigroup lowered their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Barclays upped their target price on Dell Technologies from $106.00 to $115.00 and gave the stock an "equal weight" rating in a research report on Wednesday, November 27th. Finally, Evercore ISI reiterated an "outperform" rating and set a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Three investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $148.06.

Dell Technologies Stock Up 0.1 %

Shares of NYSE:DELL traded up $0.13 during trading on Wednesday, reaching $109.19. 9,085,716 shares of the company traded hands, compared to its average volume of 7,438,263. The firm has a fifty day simple moving average of $124.62 and a 200 day simple moving average of $120.83. Dell Technologies Inc. has a 1-year low of $76.90 and a 1-year high of $179.70. The firm has a market cap of $76.48 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 1.25 and a beta of 0.92.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.83 by $0.32. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. The firm had revenue of $24.37 billion during the quarter, compared to analysts' expectations of $24.67 billion. During the same quarter last year, the firm earned $1.62 earnings per share. The business's revenue for the quarter was up 9.5% on a year-over-year basis. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 31st. Shareholders of record on Wednesday, January 22nd will be given a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Wednesday, January 22nd. Dell Technologies's dividend payout ratio is 31.45%.

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).