Laffer Tengler Investments Inc. Purchases New Holdings in Dell Technologies Inc. $DELL

Laffer Tengler Investments Inc. bought a new stake in Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,850 shares of the technology company’s stock, valued at approximately $472,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in shares of Dell Technologies by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock valued at $2,653,032,000 after acquiring an additional 1,145,658 shares in the last quarter. Boston Partners boosted its stake in Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after purchasing an additional 1,312,600 shares during the period. Deutsche Bank AG lifted its holdings 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 buying an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC raised its stake in Dell Technologies by 41.4% during the 1st 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 last quarter. Finally, Invesco Ltd. raised its holdings in Dell Technologies by 20.5% in the 1st quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company’s stock valued at $269,150,000 after acquiring an additional 502,764 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently commented on DELL shares. Susquehanna raised their price objective on shares of Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Wall Street Zen raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Evercore ISI set a $180.00 price objective on Dell Technologies and gave the company an “outperform” rating in a report on Monday, November 3rd. Raymond James Financial increased their target price on Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Cowen reiterated a “hold” rating on shares of Dell Technologies in a research report on Friday, August 29th. One 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 company’s stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,537,755 shares of company stock worth $642,644,973. 42.00% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Dell Technologies stock opened at $146.44 on Monday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $168.08. The firm has a market cap of $98.46 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.00 and a beta of 1.02. The business’s fifty day moving average is $142.46 and its two-hundred day moving average is $127.40.

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

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.4%. Dell Technologies’s dividend payout ratio is currently 30.88%.

About Dell Technologies

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).