Vanguard Group Inc. Purchases 15,312 Shares of Dell Technologies Inc. $DELL

Vanguard Group Inc. lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 0.1% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 29,121,530 shares of the technology company’s stock after purchasing an additional 15,312 shares during the period. Vanguard Group Inc. owned 4.29% of Dell Technologies worth $3,570,300,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies during the first quarter worth $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies in the 1st quarter worth about $27,000. Flaharty Asset Management LLC acquired a new stake in Dell Technologies in the 1st quarter worth about $27,000. Westside Investment Management Inc. boosted its holdings in Dell Technologies by 84.7% in the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in shares of Dell Technologies during the second quarter worth approximately $29,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on DELL shares. Raymond James Financial boosted their price target on Dell Technologies from $152.00 to $161.00 and gave the company an “outperform” rating in a research note on Tuesday, October 21st. Argus upped their target price on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Wall Street Zen upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Piper Sandler began coverage on Dell Technologies in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $172.00 price target for the company. Finally, Wells Fargo & Company increased their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Seventeen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $160.85.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction 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 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 business’s stock in a transaction on Monday, September 22nd. The stock was 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. Insiders sold 4,537,755 shares of company stock valued at $642,644,973 in the last ninety days. 42.00% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $117.44 on Friday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $168.08. The company has a market cap of $78.97 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 0.81 and a beta of 1.02. The firm has a 50 day simple moving average of $143.63 and a 200 day simple moving average of $129.21.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The company 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 expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.8%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s payout ratio is 30.88%.

Dell Technologies Company 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).