Interchange Capital Partners LLC Has $345,000 Stock Position in Dell Technologies Inc. $DELL

Interchange Capital Partners LLC reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 10.3% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,813 shares of the technology company’s stock after selling 324 shares during the quarter. Interchange Capital Partners LLC’s holdings in Dell Technologies were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Boston Partners raised its stake in shares of Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock worth $466,418,000 after purchasing an additional 1,312,600 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after purchasing an additional 1,145,658 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after purchasing an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC raised its stake in shares of Dell Technologies by 41.4% in the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock worth $289,657,000 after purchasing an additional 931,032 shares during the last quarter. Finally, Auto Owners Insurance Co raised its stake in shares of Dell Technologies by 18,732.9% in the first quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company’s stock worth $71,188,000 after purchasing an additional 776,853 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director William D. Green sold 42,736 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total value of $6,837,760.00. Following the completion of the transaction, the director directly owned 47,619 shares of the company’s stock, valued at $7,619,040. This trade represents a 47.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of the firm’s stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of $151.63, for a total value of $1,003,335.71. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,617,755 shares of company stock valued at $653,694,973. Company insiders own 42.00% of the company’s stock.

Dell Technologies Price Performance

NYSE:DELL opened at $158.67 on Monday. The business has a fifty day simple moving average of $137.17 and a two-hundred day simple moving average of $121.95. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $166.10. The company has a market capitalization of $106.68 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.08 and a beta of 1.05.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The business had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.

Analyst Ratings Changes

Several analysts have recently commented on DELL shares. Raymond James Financial increased their price objective on Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Fox Advisors downgraded Dell Technologies from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 29th. Mizuho increased their price target on Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Bank of America increased their price target on Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Finally, Wells Fargo & Company increased their price target on Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.80.

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).