Dell Technologies Inc. $DELL Shares Acquired by Forsta AP Fonden

Forsta AP Fonden increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 2.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 65,800 shares of the technology company’s stock after purchasing an additional 1,300 shares during the period. Forsta AP Fonden’s holdings in Dell Technologies were worth $8,067,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the business. Boston Partners grew its holdings in 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 buying an additional 1,312,600 shares during the period. Vanguard Group Inc. boosted its holdings in shares of Dell Technologies by 4.1% in 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 purchasing an additional 1,145,658 shares during the last quarter. Deutsche Bank AG increased its holdings in shares of Dell Technologies by 38.1% during the 1st 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 position in shares of Dell Technologies by 41.4% in the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock worth $289,657,000 after buying an additional 931,032 shares during the period. Finally, Auto Owners Insurance Co grew its position in Dell Technologies by 18,732.9% during the first quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company’s stock valued at $71,188,000 after acquiring an additional 776,853 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DELL has been the topic of several research analyst reports. Citigroup lifted their price objective on Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Susquehanna increased their price target on Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. The Goldman Sachs Group raised their target price on Dell Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Piper Sandler initiated coverage on shares of Dell Technologies in a research note on Tuesday, October 21st. They set an “overweight” rating and a $172.00 price objective on the stock. Finally, Cowen reaffirmed a “hold” rating on shares of Dell Technologies in a report on Friday, August 29th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $162.80.

Dell Technologies Stock Down 4.9%

Shares of Dell Technologies stock opened at $133.79 on Friday. The firm has a market cap of $89.96 billion, a P/E ratio of 19.68, a P/E/G ratio of 0.96 and a beta of 1.02. The business has a 50-day moving average price of $143.70 and a 200 day moving average price of $128.17. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $168.08.

Dell Technologies (NYSE:DELL) last issued 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 company 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, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 4,537,755 shares of company stock valued at $642,644,973. 42.00% of the stock is owned by company insiders.

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).