KBC Group NV Purchases 718,214 Shares of Dell Technologies Inc. (NYSE:DELL)

KBC Group NV grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 633.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 831,524 shares of the technology company’s stock after acquiring an additional 718,214 shares during the period. KBC Group NV’s holdings in Dell Technologies were worth $95,825,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Clean Yield Group acquired a new position in Dell Technologies in the third quarter valued at approximately $25,000. True Wealth Design LLC lifted its position in shares of Dell Technologies by 2,530.0% during the 3rd quarter. True Wealth Design LLC now owns 263 shares of the technology company’s stock valued at $31,000 after acquiring an additional 253 shares during the period. Nemes Rush Group LLC bought a new position in Dell Technologies during the second quarter worth $33,000. MCF Advisors LLC grew its holdings in Dell Technologies by 132.0% in the third quarter. MCF Advisors LLC now owns 290 shares of the technology company’s stock worth $34,000 after purchasing an additional 165 shares during the period. Finally, Covestor Ltd increased its stake in Dell Technologies by 290.7% in the third quarter. Covestor Ltd now owns 293 shares of the technology company’s stock valued at $35,000 after purchasing an additional 218 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $113.66 on Monday. The firm has a market cap of $79.61 billion, a PE ratio of 20.08, a P/E/G ratio of 1.22 and a beta of 0.92. Dell Technologies Inc. has a 1 year low of $80.49 and a 1 year high of $179.70. The stock has a fifty day moving average price of $120.76 and a 200-day moving average price of $119.22.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.83 by $0.32. Dell Technologies had a net margin of 4.36% and a negative return on equity of 191.91%. The firm had revenue of $24.37 billion for the quarter, compared to analysts’ expectations of $24.67 billion. During the same period in the previous year, the company earned $1.62 earnings per share. The company’s quarterly revenue was up 9.5% on a year-over-year basis. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.92 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 31st. Stockholders of record on Wednesday, January 22nd will be given a dividend of $0.445 per share. The ex-dividend date of this dividend is Wednesday, January 22nd. This represents a $1.78 dividend on an annualized basis and a dividend yield of 1.57%. Dell Technologies’s dividend payout ratio is presently 31.45%.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 325,167 shares of the stock in a transaction dated Monday, January 6th. The stock was sold at an average price of $124.52, for a total transaction of $40,489,794.84. Following the sale, the director now owns 810,657 shares of the company’s stock, valued at approximately $100,943,009.64. This represents a 28.63 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Radakovich Lynn Vojvodich sold 725 shares of Dell Technologies stock in a transaction dated Friday, November 15th. The shares were sold at an average price of $132.28, for a total value of $95,903.00. Following the transaction, the director now directly owns 23,680 shares of the company’s stock, valued at $3,132,390.40. The trade was a 2.97 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 946,132 shares of company stock valued at $115,660,009 in the last 90 days. Insiders own 46.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Wells Fargo & Company raised their target price on Dell Technologies from $140.00 to $160.00 and gave the company an “overweight” rating in a research note on Monday, November 18th. Deutsche Bank Aktiengesellschaft decreased their price objective on Dell Technologies from $144.00 to $142.00 and set a “buy” rating for the company in a report on Monday, December 2nd. Evercore ISI reissued an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research report on Wednesday, November 20th. Citigroup lowered their price objective on shares of Dell Technologies from $160.00 to $156.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Finally, Morgan Stanley boosted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the stock an “overweight” rating in a research report on Monday, November 11th. Three research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.06.

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).