Dell Technologies Inc. (NYSE:DELL) Shares Sold by Achmea Investment Management B.V.

Achmea Investment Management B.V. cut its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 13.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 169,918 shares of the technology company’s stock after selling 25,985 shares during the period. Achmea Investment Management B.V.’s holdings in Dell Technologies were worth $23,434,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in Dell Technologies by 22.7% in the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 135,678 shares of the technology company’s stock valued at $15,482,000 after buying an additional 25,117 shares during the period. LRI Investments LLC purchased a new position in Dell Technologies during the first quarter worth about $104,000. Oppenheimer Asset Management Inc. lifted its position in Dell Technologies by 31.1% in the first quarter. Oppenheimer Asset Management Inc. now owns 6,485 shares of the technology company’s stock valued at $740,000 after purchasing an additional 1,539 shares during the period. Aigen Investment Management LP purchased a new stake in Dell Technologies in the 4th quarter valued at approximately $410,000. Finally, Tidal Investments LLC increased its position in Dell Technologies by 114.2% during the 1st quarter. Tidal Investments LLC now owns 10,188 shares of the technology company’s stock worth $1,163,000 after purchasing an additional 5,432 shares during the period. 38.10% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DELL has been the topic of a number of analyst reports. Bank of America lifted their price target on Dell Technologies from $150.00 to $155.00 and gave the company a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a report on Thursday, August 15th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a report on Friday, August 30th. TD Cowen dropped their target price on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a report on Friday, August 30th. Finally, Citigroup boosted their price target on Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a research note on Friday, August 30th. Three research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $135.75.

Dell Technologies Stock Up 2.0 %

DELL opened at $108.80 on Thursday. The firm has a market cap of $77.17 billion, a P/E ratio of 22.20, a PEG ratio of 1.08 and a beta of 0.90. The business’s fifty day simple moving average is $115.08 and its 200 day simple moving average is $123.79. Dell Technologies Inc. has a 52 week low of $63.90 and a 52 week high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.49 by $0.40. The company had revenue of $25.03 billion for the quarter, compared to analysts’ expectations of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 182.71%. The firm’s revenue for the quarter was up 9.1% compared to the same quarter last year. During the same period last year, the company earned $1.44 EPS. As a group, equities analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 1,839,959 shares of the 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 owns 18,350,822 shares of the company’s stock, valued at approximately $1,957,665,690.96. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Michael S. Dell sold 221,460 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the completion of the sale, the chief executive officer now directly owns 20,190,781 shares in the company, valued at $2,060,873,016.67. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Michael S. Dell sold 1,839,959 shares of the company’s stock in a transaction that occurred 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. The disclosure for this sale can be found here. In the last three months, insiders sold 6,342,822 shares of company stock valued at $812,586,596. Company insiders own 46.70% of the company’s stock.

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).