Dell Technologies Inc. $DELL Stock Position Raised by Generali Investments Management Co LLC

Generali Investments Management Co LLC lifted its position in Dell Technologies Inc. (NYSE:DELL) by 448.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,751 shares of the technology company’s stock after buying an additional 6,337 shares during the quarter. Generali Investments Management Co LLC’s holdings in Dell Technologies were worth $949,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. RWA Wealth Partners LLC grew its position in Dell Technologies by 1.0% in the second quarter. RWA Wealth Partners LLC now owns 8,953 shares of the technology company’s stock worth $1,098,000 after acquiring an additional 88 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in Dell Technologies by 3.1% in the first quarter. Summit Investment Advisors Inc. now owns 3,004 shares of the technology company’s stock worth $274,000 after purchasing an additional 90 shares in the last quarter. Tradewinds Capital Management LLC increased its position in Dell Technologies by 4.9% during the second quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock worth $261,000 after buying an additional 100 shares during the last quarter. Westside Investment Management Inc. raised its holdings in Dell Technologies by 84.7% during the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares in the last quarter. Finally, Cary Street Partners Financial LLC lifted its position in shares of Dell Technologies by 2.7% in the first quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock worth $395,000 after buying an additional 116 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the business’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction, the director directly owned 65,662 shares of the company’s stock, valued at $10,083,056.72. The trade was a 54.86% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,537,755 shares of company stock worth $642,644,973 in the last three months. Company insiders own 42.00% of the company’s stock.

Dell Technologies Price Performance

NYSE:DELL opened at $133.58 on Friday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $168.08. The company has a fifty day moving average price of $143.87 and a 200 day moving average price of $128.69. The stock has a market cap of $89.82 billion, a P/E ratio of 19.64, a PEG ratio of 0.91 and a beta of 1.02.

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. The company had revenue of $26.43 billion for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were given a $0.525 dividend. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. TD Cowen increased their price target on Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Susquehanna lifted their price target on shares of Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Finally, Piper Sandler began coverage on shares of Dell Technologies in a report on Tuesday, October 21st. They issued an “overweight” rating and a $172.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $162.80.

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).