NorthRock Partners LLC Purchases Shares of 3,151 Dell Technologies Inc. $DELL

NorthRock Partners LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 3,151 shares of the technology company’s stock, valued at approximately $386,000.

Several other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position 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 valued at $2,653,032,000 after acquiring an additional 1,145,658 shares during the period. Boston Partners raised its stake in Dell Technologies by 34.4% in the 1st 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 in the last quarter. Deutsche Bank AG boosted its holdings in 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 increased its holdings 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 worth $289,657,000 after purchasing an additional 931,032 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Dell Technologies by 20.5% during the first quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company’s stock worth $269,150,000 after purchasing an additional 502,764 shares during the period. 76.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Raymond James Financial raised their price objective on Dell Technologies from $150.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Fox Advisors cut Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. KeyCorp initiated coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They set a “sector weight” rating for the company. TD Cowen lifted their price objective on shares of Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Finally, UBS Group boosted their price objective on shares of Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $160.79.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total transaction of $2,969,467.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total transaction of $80,739,838.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,551,332 shares of company stock worth $643,036,628. Insiders own 42.00% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $153.69 on Thursday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $166.10. The company has a market cap of $103.34 billion, a price-to-earnings ratio of 22.60, a PEG ratio of 1.02 and a beta of 1.05. The firm has a 50 day simple moving average of $135.32 and a 200 day simple moving average of $118.00.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $26.43 billion for 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 Dividend Announcement

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