Dell Technologies Inc. $DELL Shares Purchased by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its stake in Dell Technologies Inc. (NYSE:DELL) by 21.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,454 shares of the technology company’s stock after acquiring an additional 2,747 shares during the period. Maryland State Retirement & Pension System’s holdings in Dell Technologies were worth $1,895,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of DELL. Boston Partners boosted its stake in Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after acquiring an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. boosted its stake in 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 in the last quarter. Deutsche Bank AG raised its holdings in shares of Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock valued at $377,508,000 after buying an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC raised its holdings 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, Auto Owners Insurance Co raised its holdings in shares of 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 valued at $71,188,000 after buying an additional 776,853 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DELL shares. Daiwa Capital Markets upped their target price on shares of Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Cowen reaffirmed a “hold” rating on shares of Dell Technologies in a report on Friday, August 29th. KeyCorp assumed coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a “sector weight” rating for the company. Susquehanna reissued a “neutral” rating and set a $125.00 price target on shares of Dell Technologies in a report on Wednesday, August 13th. Finally, Citigroup increased their price target on shares of Dell Technologies from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday. Seventeen analysts have rated the stock with a Buy rating and seven have given 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 target price of $160.53.

Insider Activity

In other news, Director William D. Green sold 42,736 shares of the stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the sale, the director directly owned 47,619 shares in the company, valued at $7,619,040. This represents a 47.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of the 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 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. 42.00% of the stock is currently owned by insiders.

Dell Technologies Trading Down 3.4%

Shares of Dell Technologies stock opened at $150.67 on Friday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $166.10. The stock has a market cap of $101.31 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.06 and a beta of 1.05. The company has a 50-day moving average of $133.98 and a two-hundred day moving average of $116.82.

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

Dell Technologies Dividend Announcement

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