Dell Technologies Inc. $DELL Shares Purchased by DekaBank Deutsche Girozentrale

DekaBank Deutsche Girozentrale increased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 0.7% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,239,931 shares of the technology company’s stock after acquiring an additional 14,956 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.33% of Dell Technologies worth $276,040,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DELL. Brighton Jones LLC grew its holdings in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after acquiring an additional 901 shares during the period. GAMMA Investing LLC grew its holdings in Dell Technologies by 94.8% during the first quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company’s stock worth $539,000 after acquiring an additional 2,878 shares during the period. Wealth Enhancement Advisory Services LLC grew its holdings in Dell Technologies by 9.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company’s stock worth $5,417,000 after acquiring an additional 4,977 shares during the period. Exchange Traded Concepts LLC grew its holdings in Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock worth $224,000 after acquiring an additional 506 shares during the period. Finally, Retirement Systems of Alabama boosted its position in shares of Dell Technologies by 0.8% in the 1st quarter. Retirement Systems of Alabama now owns 67,037 shares of the technology company’s stock valued at $6,110,000 after purchasing an additional 533 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on DELL shares. Sanford C. Bernstein increased their price target on Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Mizuho increased their price target on Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Evercore ISI increased their price target on Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, August 15th. Zacks Research upgraded Dell Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Finally, JPMorgan Chase & Co. increased their price target on Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $160.79.

Dell Technologies Trading Down 1.1%

Shares of NYSE DELL opened at $147.91 on Tuesday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $166.10. The firm has a market capitalization of $99.45 billion, a PE ratio of 21.75, a PEG ratio of 1.02 and a beta of 1.05. The business has a 50-day moving average price of $136.10 and a two-hundred day moving average price of $119.80.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 EPS 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. Research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

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 issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s payout ratio is currently 30.88%.

Insider Buying and Selling at Dell Technologies

In other news, Director Lake Group L.L.C. Silver sold 6,617 shares of Dell Technologies stock in a transaction dated 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of Dell Technologies stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total value of $2,969,467.76. The disclosure for this sale can be found here. Insiders sold 4,617,755 shares of company stock worth $653,694,973 over the last quarter. 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).