KBC Group NV Has $95.83 Million Stake in Dell Technologies Inc. (NYSE:DELL)

KBC Group NV grew its position in 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 (SEC). 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 owned about 0.12% of Dell Technologies worth $95,825,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Union Bancaire Privee UBP SA acquired a new position in Dell Technologies during the fourth quarter worth approximately $4,131,000. Blue Trust Inc. boosted its stake in shares of Dell Technologies by 47.4% during the 4th quarter. Blue Trust Inc. now owns 2,077 shares of the technology company’s stock worth $246,000 after acquiring an additional 668 shares during the period. PFG Investments LLC raised its stake in Dell Technologies by 17.0% in the 4th quarter. PFG Investments LLC now owns 12,674 shares of the technology company’s stock valued at $1,461,000 after acquiring an additional 1,841 shares during the period. Tennessee Valley Asset Management Partners lifted its holdings in Dell Technologies by 7.8% during the 4th quarter. Tennessee Valley Asset Management Partners now owns 9,882 shares of the technology company’s stock valued at $1,139,000 after purchasing an additional 716 shares during the last quarter. Finally, High Net Worth Advisory Group LLC bought a new position in Dell Technologies during the fourth quarter worth $579,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on DELL. Barclays lifted their target price on shares of Dell Technologies from $106.00 to $115.00 and gave the stock an “equal weight” rating in a report on Wednesday, November 27th. Deutsche Bank Aktiengesellschaft lowered their target price on Dell Technologies from $144.00 to $142.00 and set a “buy” rating on the stock in a research note on Monday, December 2nd. Evercore ISI restated an “outperform” rating and issued a $150.00 price target on shares of Dell Technologies in a research note on Wednesday, November 20th. Morgan Stanley boosted their target price on shares of Dell Technologies from $136.00 to $154.00 and gave the company an “overweight” rating in a research report on Monday, November 11th. Finally, Mizuho dropped their price objective on shares of Dell Technologies from $155.00 to $150.00 and set an “outperform” rating for the company in a research note on Wednesday, November 27th. Three equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average price target of $148.06.

Dell Technologies Price Performance

Shares of DELL opened at $113.66 on Monday. The firm has a 50 day simple moving average of $120.76 and a two-hundred day simple moving average of $119.22. The company has a market cap of $79.61 billion, a P/E ratio of 20.08, a P/E/G ratio of 1.22 and a beta of 0.92. Dell Technologies Inc. has a one year low of $80.49 and a one year high of $179.70.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, November 26th. The technology company reported $2.15 earnings per share for the quarter, beating the consensus estimate of $1.83 by $0.32. The business had revenue of $24.37 billion for the quarter, compared to analyst estimates of $24.67 billion. Dell Technologies had a negative return on equity of 191.91% and a net margin of 4.36%. Dell Technologies’s revenue was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $1.62 earnings per share. On average, analysts expect that Dell Technologies Inc. will post 6.92 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,045 shares of the company’s stock in a transaction that occurred on Wednesday, January 8th. The shares were sold at an average price of $119.73, for a total value of $59,750,657.85. Following the completion of the transaction, the director now directly owns 810,657 shares in the company, valued at approximately $97,059,962.61. This represents a 38.10 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Yvonne Mcgill sold 8,000 shares of Dell Technologies stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $143.24, for a total transaction of $1,145,920.00. Following the transaction, the chief financial officer now owns 236,419 shares in the company, valued at approximately $33,864,657.56. This trade represents a 3.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 946,132 shares of company stock valued at $115,660,009 in the last quarter. Insiders own 46.70% of the company’s stock.

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).