Dell Technologies Inc. (NYSE:DELL) Shares Bought by TIAA Trust National Association

TIAA Trust National Association grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 3,774.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 123,606 shares of the technology company’s stock after acquiring an additional 120,416 shares during the period. TIAA Trust National Association’s holdings in Dell Technologies were worth $14,105,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DELL. M&G Plc acquired a new position in Dell Technologies during the first quarter worth $12,046,000. Nwam LLC raised its stake in shares of Dell Technologies by 7.3% during the 1st quarter. Nwam LLC now owns 56,587 shares of the technology company’s stock worth $6,457,000 after buying an additional 3,862 shares during the last quarter. Glaxis Capital Management LLC purchased a new stake in shares of Dell Technologies in the 1st quarter worth about $2,625,000. Great Lakes Retirement Inc. grew its stake in Dell Technologies by 5.7% in the 1st quarter. Great Lakes Retirement Inc. now owns 12,846 shares of the technology company’s stock valued at $1,466,000 after acquiring an additional 696 shares during the last quarter. Finally, Leo Wealth LLC increased its holdings in Dell Technologies by 10.4% during the 1st quarter. Leo Wealth LLC now owns 11,242 shares of the technology company’s stock valued at $1,286,000 after acquiring an additional 1,056 shares in the last quarter. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

Dell Technologies stock traded up $0.45 during trading on Friday, reaching $125.79. The company had a trading volume of 6,932,821 shares, compared to its average volume of 10,853,814. Dell Technologies Inc. has a 12-month low of $52.05 and a 12-month high of $179.70. The stock’s 50 day moving average price is $142.37 and its two-hundred day moving average price is $116.96. The firm has a market capitalization of $89.22 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 1.56 and a beta of 0.92.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, May 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.04. The company had revenue of $22.24 billion during the quarter, compared to analysts’ expectations of $21.70 billion. Dell Technologies had a net margin of 4.00% and a negative return on equity of 173.72%. As a group, research analysts expect that Dell Technologies Inc. will post 6.85 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 2nd. Stockholders of record on Tuesday, July 23rd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a dividend yield of 1.42%. The ex-dividend date of this dividend is Tuesday, July 23rd. Dell Technologies’s dividend payout ratio is currently 36.33%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of Dell Technologies stock in a transaction that occurred on Monday, June 3rd. The shares were sold at an average price of $135.16, for a total transaction of $2,221,219.44. Following the transaction, the director now directly owns 806,352 shares of the company’s stock, valued at $108,986,536.32. The sale was disclosed in a filing with the SEC, which is available at this link. In related news, Director Iv (Gp) L.L.C. Slta sold 16,434 shares of the stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $135.16, for a total value of $2,221,219.44. Following the completion of the sale, the director now directly owns 806,352 shares in the company, valued at approximately $108,986,536.32. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 389,189 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $158.79, for a total value of $61,799,321.31. Following the transaction, the director now owns 731,612 shares in the company, valued at approximately $116,172,669.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,058,131 shares of company stock worth $963,293,619. 46.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research reports. Bank of America increased their price target on shares of Dell Technologies from $130.00 to $180.00 and gave the company a “buy” rating in a research report on Wednesday, May 29th. Morgan Stanley reaffirmed an “overweight” rating and issued a $155.00 target price on shares of Dell Technologies in a research note on Monday, June 17th. TD Cowen raised their price target on Dell Technologies from $105.00 to $155.00 and gave the stock a “hold” rating in a research report on Friday, May 31st. Loop Capital upped their price objective on Dell Technologies from $125.00 to $185.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Finally, Barclays dropped their price objective on Dell Technologies from $98.00 to $97.00 and set an “underweight” rating for the company in a research report on Friday, May 31st. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $135.81.

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).