7,318 Shares in Dell Technologies Inc. $DELL Purchased by Campbell & CO Investment Adviser LLC

Campbell & CO Investment Adviser LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,318 shares of the technology company’s stock, valued at approximately $897,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Boston Partners lifted its stake in shares of Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock worth $466,418,000 after acquiring an additional 1,312,600 shares during the last quarter. Vanguard Group Inc. increased its stake in 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 period. Deutsche Bank AG lifted its position in shares of Dell Technologies by 38.1% during 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 boosted its stake in shares of Dell Technologies by 41.4% during the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock valued at $289,657,000 after purchasing an additional 931,032 shares during the period. Finally, Auto Owners Insurance Co grew its holdings 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 currently owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 4.9%

Shares of NYSE:DELL opened at $133.79 on Friday. The company has a market capitalization of $89.96 billion, a PE ratio of 19.68, a P/E/G ratio of 0.96 and a beta of 1.02. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $168.08. The business’s fifty day simple moving average is $143.70 and its 200-day simple moving average is $128.17.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were given a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies’s payout ratio is presently 30.88%.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 4,537,755 shares of company stock valued at $642,644,973. 42.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages have commented on DELL. Mizuho upped their target price on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. 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. Argus raised their price objective on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Cowen reiterated a “hold” rating on shares of Dell Technologies in a report on Friday, August 29th. Finally, The Goldman Sachs Group raised their price target on Dell Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $162.80.

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).