Alamar Capital Management LLC Sells 110 Shares of Dell Technologies Inc. $DELL

Alamar Capital Management LLC cut its holdings in Dell Technologies Inc. (NYSE:DELL) by 1.1% during the second quarter, HoldingsChannel reports. The firm owned 9,951 shares of the technology company’s stock after selling 110 shares during the period. Alamar Capital Management LLC’s holdings in Dell Technologies were worth $1,220,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Boston Partners increased its stake in Dell Technologies by 34.4% during 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 during the period. Vanguard Group Inc. increased its stake 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 valued at $2,653,032,000 after acquiring an additional 1,145,658 shares during the period. Deutsche Bank AG increased its stake 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 valued at $377,508,000 after acquiring an additional 1,142,012 shares during the period. Alkeon Capital Management LLC increased its stake 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 valued at $289,657,000 after acquiring an additional 931,032 shares during the period. Finally, Auto Owners Insurance Co increased its stake 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 institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Daiwa Capital Markets boosted their price target on Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research note on Thursday, September 11th. Wells Fargo & Company boosted their price target on Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Wall Street Zen upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Cowen restated a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. Finally, Bank of America boosted their price target on Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $161.80.

Dell Technologies Trading Up 2.7%

DELL stock opened at $154.22 on Friday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10. The firm has a market cap of $103.69 billion, a P/E ratio of 22.68, a P/E/G ratio of 1.02 and a beta of 1.05. The business’s 50 day moving average is $136.77 and its 200-day moving average is $120.76.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data 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 company had revenue of $26.43 billion for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Sell-side analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s payout ratio is presently 30.88%.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The disclosure for this sale can be found here. Insiders sold a total of 4,617,755 shares of company stock worth $653,694,973 over the last three months. 42.00% of the stock is owned by company insiders.

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).