Nan Fung Trinity HK Ltd. Cuts Position in Dell Technologies Inc. $DELL

Nan Fung Trinity HK Ltd. trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 27.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 114,085 shares of the technology company’s stock after selling 42,200 shares during the period. Dell Technologies makes up approximately 1.7% of Nan Fung Trinity HK Ltd.’s holdings, making the stock its 28th largest position. Nan Fung Trinity HK Ltd.’s holdings in Dell Technologies were worth $13,987,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. National Pension Service grew its stake in shares of Dell Technologies by 0.4% in the second quarter. National Pension Service now owns 730,111 shares of the technology company’s stock worth $89,512,000 after acquiring an additional 3,155 shares during the last quarter. Boston Partners increased its stake in Dell Technologies by 14.9% during the 2nd quarter. Boston Partners now owns 5,896,622 shares of the technology company’s stock valued at $724,578,000 after purchasing an additional 763,745 shares in the last quarter. Robeco Schweiz AG raised its holdings in Dell Technologies by 16.3% in the second quarter. Robeco Schweiz AG now owns 105,800 shares of the technology company’s stock worth $12,971,000 after buying an additional 14,800 shares during the last quarter. 49 Wealth Management LLC bought a new position in shares of Dell Technologies in the second quarter worth approximately $890,000. Finally, Hodges Capital Management Inc. purchased a new stake in shares of Dell Technologies during the second quarter valued at approximately $254,000. Institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the topic of several analyst reports. Cowen reaffirmed a “hold” rating on shares of Dell Technologies in a research report on Friday, August 29th. The Goldman Sachs Group increased their price objective on Dell Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Barclays boosted their target price on Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, October 8th. Finally, Daiwa Capital Markets boosted their price objective 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. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average target price of $162.80.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $138.61 on Wednesday. The stock has a market cap of $93.19 billion, a P/E ratio of 20.38, a P/E/G ratio of 0.97 and a beta of 1.02. The stock’s fifty day moving average is $143.22 and its 200 day moving average is $128.05. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $168.08.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results 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 business had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were paid a dividend of $0.525 per share. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.5%. Dell Technologies’s payout ratio is 30.88%.

Insiders Place Their Bets

In other Dell Technologies news, Director Ellen Jamison Kullman sold 79,806 shares of the firm’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $153.56, for a total transaction of $12,255,009.36. Following the sale, the director directly owned 65,662 shares of the company’s stock, valued at $10,083,056.72. This trade represents a 54.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,537,755 shares of company stock worth $642,644,973 in the last three months. 42.00% of the stock is owned by company insiders.

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).