Trust Co. of Toledo NA OH Invests $249,000 in Dell Technologies Inc. $DELL

Trust Co. of Toledo NA OH bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 2,034 shares of the technology company’s stock, valued at approximately $249,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after buying an additional 1,145,658 shares during the last quarter. Boston Partners raised its holdings in shares of Dell Technologies by 34.4% in 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 raised its holdings in shares of Dell Technologies by 38.1% in the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock valued at $377,508,000 after purchasing an additional 1,142,012 shares during the period. Alkeon Capital Management LLC lifted its position 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 valued at $289,657,000 after buying an additional 931,032 shares during the last quarter. Finally, Invesco Ltd. lifted its position in shares of Dell Technologies by 20.5% in the first quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company’s stock valued at $269,150,000 after buying an additional 502,764 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

DELL has been the subject of a number of recent analyst reports. Fox Advisors cut Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dell Technologies in a research report on Wednesday. Evercore ISI raised their price objective on Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, August 15th. Mizuho raised their price objective on Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Wall Street Zen raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Seventeen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.53.

Dell Technologies Stock Down 3.4%

Dell Technologies stock opened at $150.67 on Friday. The stock has a market cap of $101.31 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $166.10. The company’s 50-day moving average price is $133.98 and its two-hundred day moving average price is $116.97.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, October 5th. The technology company reported $1.68 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 for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.

Insider Activity at Dell Technologies

In other news, 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale can be found here. Insiders have sold 4,734,418 shares of company stock worth $666,089,211 over the last ninety days. Insiders own 42.00% of the company’s stock.

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).