LSV Asset Management Lowers Holdings in Dell Technologies Inc. $DELL

LSV Asset Management lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 0.2% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,877,360 shares of the technology company’s stock after selling 7,200 shares during the quarter. Dell Technologies accounts for 0.8% of LSV Asset Management’s holdings, making the stock its 22nd largest holding. LSV Asset Management owned 0.42% of Dell Technologies worth $352,764,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Brighton Jones LLC lifted its position in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after buying an additional 901 shares during the last quarter. Larson Financial Group LLC lifted its holdings in shares of Dell Technologies by 424.1% in the 1st quarter. Larson Financial Group LLC now owns 870 shares of the technology company’s stock worth $79,000 after acquiring an additional 704 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Dell Technologies by 20.7% in the 1st quarter. Victory Capital Management Inc. now owns 130,666 shares of the technology company’s stock valued at $11,910,000 after purchasing an additional 22,401 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock valued at $28,000 after purchasing an additional 222 shares during the period. Finally, Graypoint LLC boosted its position in shares of Dell Technologies by 12.2% during the first quarter. Graypoint LLC now owns 2,634 shares of the technology company’s stock worth $240,000 after buying an additional 286 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DELL has been the topic of several research analyst reports. Argus boosted their price objective on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 9th. UBS Group boosted their price target on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wells Fargo & Company raised their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Zacks Research raised shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Finally, Cowen reiterated a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.10.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The SEC filing for this sale provides additional information. Insiders sold 4,537,755 shares of company stock valued at $642,644,973 in the last 90 days. 42.00% of the stock is currently owned by insiders.

Dell Technologies Trading Down 0.3%

Shares of DELL stock opened at $133.58 on Monday. The company 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. The firm has a fifty day moving average price of $143.87 and a 200 day moving average price of $128.95. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The company had revenue of $26.43 billion for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, equities analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently declared 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. This represents a $2.10 annualized dividend and a yield of 1.6%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.

About Dell Technologies

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).