Vanguard Personalized Indexing Management LLC Grows Holdings in Dell Technologies Inc. $DELL

Vanguard Personalized Indexing Management LLC increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 36.3% during the 2nd quarter, Holdings Channel reports. The firm owned 38,244 shares of the technology company’s stock after purchasing an additional 10,193 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in Dell Technologies were worth $4,692,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in DELL. Boston Partners boosted its holdings in Dell Technologies by 34.4% during the first 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. boosted 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 purchasing an additional 1,145,658 shares during the last quarter. Deutsche Bank AG boosted its holdings in Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after purchasing an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC boosted its holdings in 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 last quarter. Finally, Auto Owners Insurance Co boosted its holdings 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 worth $71,188,000 after purchasing an additional 776,853 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Up 1.9%

NYSE DELL opened at $153.42 on Tuesday. The company’s 50 day moving average is $134.44 and its 200-day moving average is $117.53. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $166.10. The firm has a market cap of $103.16 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.05.

Dell Technologies (NYSE:DELL) last posted its quarterly 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 for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current 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 of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies’s payout ratio is 30.88%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. KeyCorp assumed coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a “sector weight” rating on the stock. Bank of America raised their target price on Dell Technologies from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Wells Fargo & Company raised their target price on Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group raised their target price on Dell Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Seventeen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the company’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 is accessible through the SEC website. Also, Director William D. Green sold 42,736 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the sale, the director directly owned 47,619 shares in the company, valued at $7,619,040. This trade represents a 47.30% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 4,561,318 shares of company stock valued at $644,276,880 over the last quarter. Company insiders own 42.00% of the company’s stock.

Dell Technologies Company 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).