APG Asset Management N.V. Buys 55,320 Shares of Dell Technologies Inc. (NYSE:DELL)

APG Asset Management N.V. grew its stake in Dell Technologies Inc. (NYSE:DELL) by 24.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 285,454 shares of the technology company’s stock after buying an additional 55,320 shares during the quarter. APG Asset Management N.V.’s holdings in Dell Technologies were worth $36,731,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in DELL. Caxton Associates LP raised its position in shares of Dell Technologies by 71.1% during the 2nd quarter. Caxton Associates LP now owns 76,122 shares of the technology company’s stock valued at $10,498,000 after purchasing an additional 31,622 shares during the period. Troluce Capital Advisors LLC bought a new stake in Dell Technologies during the second quarter valued at about $13,791,000. Toronto Dominion Bank lifted its position in shares of Dell Technologies by 10.1% in the second quarter. Toronto Dominion Bank now owns 25,546 shares of the technology company’s stock valued at $3,523,000 after acquiring an additional 2,340 shares in the last quarter. Fred Alger Management LLC boosted its stake in shares of Dell Technologies by 368.5% in the second quarter. Fred Alger Management LLC now owns 269,224 shares of the technology company’s stock worth $37,129,000 after acquiring an additional 211,754 shares during the period. Finally, Zurich Insurance Group Ltd FI purchased a new stake in shares of Dell Technologies during the second quarter worth about $10,286,000. Institutional investors own 38.10% of the company’s stock.

Insider Activity at Dell Technologies

In other news, CMO Jane Tunnell sold 3,624 shares of the firm’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 transaction, the chief marketing officer now directly owns 89,294 shares of the company’s stock, valued at $13,035,138.12. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, insider William F. Scannell sold 42,595 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The shares were sold at an average price of $117.29, for a total value of $4,995,967.55. Following the completion of the sale, the insider now owns 73,263 shares of the company’s stock, valued at approximately $8,593,017.27. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CMO Jane Tunnell sold 3,624 shares of Dell Technologies 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 transaction, the chief marketing officer now directly owns 89,294 shares in the company, valued at $13,035,138.12. The disclosure for this sale can be found here. Insiders sold 9,007,047 shares of company stock worth $1,041,595,745 in the last 90 days. 46.70% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. upped their price target on Dell Technologies from $155.00 to $160.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Barclays raised their target price on shares of Dell Technologies from $97.00 to $106.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. TD Cowen decreased their price target on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating on the stock in a research note on Friday, August 30th. UBS Group cut their price objective on Dell Technologies from $164.00 to $158.00 and set a “buy” rating for the company in a research report on Friday, August 30th. Finally, Deutsche Bank Aktiengesellschaft started coverage on Dell Technologies in a research note on Friday. They set a “buy” rating and a $144.00 price target for the company. Three research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $143.50.

Dell Technologies Trading Down 5.0 %

DELL stock opened at $120.22 on Friday. The stock has a market cap of $85.27 billion, a PE ratio of 24.53, a P/E/G ratio of 1.25 and a beta of 0.90. Dell Technologies Inc. has a 12 month low of $63.90 and a 12 month high of $179.70. The company has a 50-day moving average price of $110.49 and a 200 day moving average price of $124.32.

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

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Investors of record on Tuesday, October 22nd will be paid a $0.445 dividend. This represents a $1.78 annualized dividend and a yield of 1.48%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio is presently 36.33%.

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).