Swiss National Bank Reduces Holdings by 81600 shares in Dell Technologies

The Swiss National Bank has reduced its stake in Dell Technologies Inc. (NYSE: DELL) by 10.2% during the first quarter of the year, as reported in its recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor sold 81,600 shares, bringing its total holdings to 719,108 shares, valued at approximately $82,057,000. This represents a 0.10% ownership in Dell Technologies based on the latest SEC filing.

Other Institutional Investments in Dell Technologies

Several other major investors have also adjusted their positions in Dell Technologies. Notably, Massmutual Trust Co. FSB ADV increased its stake by 58.2% during the first quarter, now owning 223 shares worth $25,000 after purchasing an additional 82 shares. BSW Wealth Partners slightly raised its stake by 0.7%, now holding 16,765 shares valued at $1,913,000 after acquiring an additional 114 shares. Greenleaf Trust increased its stake by 1.2% during the fourth quarter, now owning 10,097 shares valued at $772,000 after purchasing 122 more shares. ORG Partners LLC boosted its holdings by 19.0% in the fourth quarter, owning 876 shares valued at $67,000 after adding 140 shares. Lastly, Eaton Financial Holdings Company LLC increased its stake by 2.1% in the fourth quarter, holding 6,997 shares valued at $535,000 after purchasing an additional 147 shares. Overall, 38.10% of Dell Technologies' stock is owned by institutional investors.

Dell Technologies Stock Performance

On Monday, Dell Technologies' shares (NYSE: DELL) traded up by 0.2%, with an increase of $0.32, reaching $139.89. The trading volume was 1,196,294 shares, significantly lower than the average volume of 9,962,820 shares. Dell Technologies has a market capitalization of $99.22 billion, a price-to-earnings (PE) ratio of 28.82, a price-to-earnings-growth (PEG) ratio of 1.73, and a beta of 0.92. The company has shown robust performance with a 50-day simple moving average of $142.48 and a 200-day simple moving average of $115.37. The stock has fluctuated between a twelve-month low of $52.05 and a high of $179.70.

Earnings and Financial Performance

Dell Technologies announced its quarterly earnings results on May 30th. The company reported earnings per share (EPS) of $1.04, surpassing analysts' consensus estimates of $1.00 by $0.04. The company generated $22.24 billion in revenue for the quarter, exceeding the consensus estimate of $21.70 billion. Dell Technologies reported a net margin of 4.00% and a negative return on equity of 173.72%. Analysts anticipate that Dell Technologies will post an EPS of 6.85 for the current fiscal year.

Dividend Announcement

Dell Technologies recently declared a quarterly dividend to be paid on August 2nd. Shareholders of record as of July 23rd will receive a dividend of $0.445 per share. The ex-dividend date is July 23rd. This translates to an annualized dividend of $1.78, yielding 1.27%. Dell Technologies' dividend payout ratio (DPR) is currently 36.33%.

Insider Transactions

In recent months, several insider transactions have taken place at Dell Technologies. Director Iv (Gp) L.L.C. Slta sold 16,434 shares on June 3rd at an average price of $135.16, totaling $2,221,219.44. Following this sale, the director now directly owns 806,352 shares valued at approximately $108,986,536.32. Another significant transaction involved CEO Michael S. Dell, who sold 1,205,052 shares on June 12th at an average price of $131.96, totaling $159,018,661.92. Post-transaction, the CEO directly owns 26,725,566 shares valued at $3,526,705,689.36. In the last three months, insiders have sold a total of 7,032,750 shares worth $959,881,905. Currently, insiders hold 46.70% of the company’s stock.

Analyst Ratings and Price Targets

Dell Technologies has received a variety of ratings from analysts. JPMorgan Chase & Co. increased their price target from $125.00 to $155.00, maintaining an “overweight” rating. TD Cowen raised their target from $105.00 to $155.00, also rating the stock as “hold.” Evercore ISI restated an “outperform” rating with a target of $165.00. Conversely, Barclays lowered their price objective from $98.00 to $97.00, setting an “underweight” rating for the company. Citigroup raised their target from $125.00 to $170.00, giving the company a “buy” rating. Overall, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $135.81, according to MarketBeat.

Company Profile: Dell Technologies

Dell Technologies Inc. designs, develops, manufactures, markets, sells, and supports a range of integrated solutions, products, and services across the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two main segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

Conclusion

The Swiss National Bank’s reduction in holdings of Dell Technologies highlights shifting investment strategies among institutional investors. Despite the sale, Dell Technologies continues to perform well, with strong earnings results and a positive outlook from analysts. The company’s commitment to innovation and integrated solutions positions it as a key player in the technology sector. As Dell Technologies continues to grow and adapt, its focus on delivering value to shareholders and maintaining a competitive edge in the market remains evident.