Swiss National Bank Buys 57,100 Shares of Dell Technologies Inc. (NYSE:DELL)

Swiss National Bank increased its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.3% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 835,308 shares of the technology company's stock after buying an additional 57,100 shares during the period. Swiss National Bank owned about 0.12% of Dell Technologies worth $99,017,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Thrivent Financial for Lutherans increased its holdings in shares of Dell Technologies by 529.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 14,008 shares of the technology company's stock worth $1,661,000 after acquiring an additional 11,783 shares during the period. Claro Advisors LLC acquired a new position in shares of Dell Technologies during the third quarter worth approximately $366,000. Mutual of America Capital Management LLC raised its stake in Dell Technologies by 910.1% during the 3rd quarter. Mutual of America Capital Management LLC now owns 35,375 shares of the technology company's stock valued at $4,193,000 after acquiring an additional 31,873 shares in the last quarter. Beaton Management Co. Inc. boosted its position in Dell Technologies by 31.2% during the 3rd quarter. Beaton Management Co. Inc. now owns 2,075 shares of the technology company's stock worth $246,000 after acquiring an additional 493 shares during the period. Finally, Natixis Advisors LLC increased its holdings in shares of Dell Technologies by 7.3% during the third quarter. Natixis Advisors LLC now owns 143,063 shares of the technology company's stock valued at $16,959,000 after purchasing an additional 9,782 shares during the period. Institutional investors own 38.10% of the company's stock.

Insider Buying and Selling at Dell Technologies

In related news, Director Radakovich Lynn Vojvodich sold 725 shares of the company's stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $129.50, for a total transaction of $93,887.50. Following the completion of the sale, the director now directly owns 23,680 shares of the company's stock, valued at approximately $3,066,560. This represents a 2.97 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 1,839,959 shares of the business's stock in a transaction on Monday, September 9th. The stock was sold at an average price of $106.68, for a total transaction of $196,286,826.12. Following the transaction, the chief executive officer now directly owns 18,350,822 shares of the company's stock, valued at approximately $1,957,665,690.96. This represents a 9.11 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 17,953,387 shares of company stock worth $2,113,353,236 over the last three months. Corporate insiders own 46.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on DELL shares. Sanford C. Bernstein decreased their target price on shares of Dell Technologies from $155.00 to $140.00 and set an "outperform" rating for the company in a research report on Friday, August 30th. Susquehanna started coverage on Dell Technologies in a report on Tuesday, September 10th. They set a "neutral" rating and a $120.00 target price on the stock. Citigroup upped their price objective on Dell Technologies from $155.00 to $160.00 and gave the company a "buy" rating in a report on Friday, August 30th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a research report on Friday, September 27th. They issued a "buy" rating and a $144.00 price target on the stock. Finally, Raymond James dropped their target price on shares of Dell Technologies from $166.00 to $160.00 and set an "outperform" rating on the stock in a report on Friday, August 30th. Three analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $145.88.

Dell Technologies Stock Down 0.7 %

Shares of Dell Technologies stock traded down $1.00 on Tuesday, hitting $135.01. 4,125,783 shares of the company traded hands, compared to its average volume of 10,039,213. Dell Technologies Inc. has a 12-month low of $67.51 and a 12-month high of $179.70. The company has a 50-day moving average price of $123.63 and a 200 day moving average price of $126.55. The company has a market cap of $94.83 billion, a PE ratio of 24.64, a PEG ratio of 1.39 and a beta of 0.89.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping analysts' consensus estimates of $1.49 by $0.40. The company had revenue of $25.03 billion during the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a negative return on equity of 178.09% and a net margin of 4.32%. The business's quarterly revenue was up 9.1% on a year-over-year basis. During the same period last year, the business earned $1.44 EPS. Equities research analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 1st. Stockholders of record on Tuesday, October 22nd were issued a dividend of $0.445 per share. The ex-dividend date of this dividend was Tuesday, October 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.32%. Dell Technologies's dividend payout ratio is currently 32.72%.

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).