Daiwa Securities Group Inc. Increases Stake in Dell Technologies Inc. (NYSE:DELL)

Daiwa Securities Group Inc. raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 16.2% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,255 shares of the technology company’s stock after buying an additional 2,678 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Dell Technologies were worth $2,656,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Principal Securities Inc. acquired a new stake in Dell Technologies in the 4th quarter valued at about $52,000. Dimensional Fund Advisors LP increased its holdings in shares of Dell Technologies by 0.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 889,485 shares of the technology company’s stock valued at $68,048,000 after purchasing an additional 3,343 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in Dell Technologies by 6.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 8,456 shares of the technology company’s stock worth $647,000 after buying an additional 506 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in Dell Technologies by 16.0% in the 4th quarter. Avantax Advisory Services Inc. now owns 4,993 shares of the technology company’s stock valued at $382,000 after buying an additional 688 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of Dell Technologies by 8.6% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 14,582 shares of the technology company’s stock worth $1,116,000 after acquiring an additional 1,150 shares during the last quarter. 38.10% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of analyst reports. Wells Fargo & Company dropped their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a report on Friday, August 30th. Citigroup raised their price target on shares of Dell Technologies from $155.00 to $160.00 and gave the stock a “buy” rating in a report on Friday, August 30th. Evercore ISI reiterated an “outperform” rating and issued a $140.00 price objective on shares of Dell Technologies in a report on Wednesday, August 28th. Morgan Stanley cut their target price on Dell Technologies from $142.00 to $136.00 and set an “overweight” rating for the company in a research note on Thursday, August 29th. Finally, Bank of America upped 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. Three research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $135.75.

Insider Activity

In related news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction on Tuesday, July 9th. The stock was sold at an average price of $145.98, for a total transaction of $529,031.52. Following the completion of the transaction, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at approximately $13,035,138.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Dell Technologies news, CMO Jane Tunnell sold 3,624 shares of the business’s stock in a transaction that occurred on Tuesday, July 9th. The shares were sold at an average price of $145.98, for a total transaction of $529,031.52. Following the completion of the transaction, the chief marketing officer now owns 89,294 shares in the company, valued at approximately $13,035,138.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Lake Group L.L.C. Silver sold 25,381 shares of the stock in a transaction that occurred on Tuesday, July 16th. The shares were sold at an average price of $134.42, for a total transaction of $3,411,714.02. Following the completion of the sale, the director now directly owns 787,669 shares in the company, valued at $105,878,466.98. The disclosure for this sale can be found here. Over the last three months, insiders have sold 6,140,496 shares of company stock worth $722,588,749. Corporate insiders own 46.70% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $114.35 on Friday. The firm has a market capitalization of $81.10 billion, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a 1 year low of $63.90 and a 1 year high of $179.70. The firm’s 50-day moving average is $113.98 and its two-hundred day moving average is $123.86.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, August 29th. The technology company reported $1.89 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.40. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. During the same period in the prior year, the firm earned $1.44 EPS. The firm’s revenue for the quarter was up 9.1% on a year-over-year basis. Analysts expect that Dell Technologies Inc. will post 6.9 EPS for the current fiscal year.

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).