National Pension Service Acquires 3,155 Shares of Dell Technologies Inc. $DELL

National Pension Service lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 0.4% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 730,111 shares of the technology company’s stock after acquiring an additional 3,155 shares during the period. National Pension Service owned 0.11% of Dell Technologies worth $89,512,000 at the end of the most recent reporting period.

Several other institutional investors also recently added to or reduced their stakes in the business. Boston Partners grew 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 worth $466,418,000 after purchasing an additional 1,312,600 shares during the last quarter. Vanguard Group Inc. raised its stake 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 last quarter. Deutsche Bank AG boosted 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 worth $377,508,000 after acquiring an additional 1,142,012 shares in the last quarter. Alkeon Capital Management LLC increased its holdings 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 in the last quarter. Finally, Auto Owners Insurance Co boosted its stake in 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 in the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Activity

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 6,617 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $151.63, for a total transaction of $1,003,335.71. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of Dell Technologies stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total value of $80,739,838.52. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 4,537,755 shares of company stock valued at $642,644,973. 42.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Argus raised their price target on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 9th. The Goldman Sachs Group lifted their target price on shares of Dell Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Sanford C. Bernstein raised their price target on Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. 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. Finally, TD Cowen raised their target price on Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. One research 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 company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $162.80.

Dell Technologies Trading Up 1.4%

DELL opened at $140.69 on Thursday. The stock has a market capitalization of $94.59 billion, a P/E ratio of 20.69, a P/E/G ratio of 0.95 and a beta of 1.02. The firm’s fifty day simple moving average is $143.56 and its 200 day simple moving average is $128.14. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results 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. On average, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.5%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s payout ratio is presently 30.88%.

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).