Dell Technologies Inc. $DELL Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELLFree Report) by 5.3% in the second quarter, HoldingsChannel reports. The fund owned 34,352 shares of the technology company’s stock after selling 1,919 shares during the period. Mutual of America Capital Management LLC’s holdings in Dell Technologies were worth $4,212,000 as of its most recent filing with the SEC.

Other institutional investors also recently added to or reduced their stakes in the company. Boston Partners lifted its holdings in shares of Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after buying an additional 1,312,600 shares during the period. Vanguard Group Inc. boosted 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 buying an additional 1,145,658 shares in the last quarter. Deutsche Bank AG boosted 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 buying an additional 1,142,012 shares in the last quarter. Alkeon Capital Management LLC boosted 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 buying an additional 931,032 shares in the last quarter. Finally, Auto Owners Insurance Co boosted 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 buying an additional 776,853 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total transaction of $2,969,467.76. The transaction was disclosed in a 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 firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total value of $80,739,838.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,617,755 shares of company stock worth $653,694,973. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies Trading Up 0.4%

Shares of Dell Technologies stock opened at $149.96 on Thursday. The stock has a 50-day moving average price of $136.46 and a 200 day moving average price of $120.21. The company has a market cap of $100.83 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.02 and a beta of 1.05. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $166.10.

Dell Technologies (NYSE:DELLGet Free Report) last announced its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The firm had revenue of $26.43 billion during 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 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the company. UBS Group raised their target price on Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Mizuho raised their target price on Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Citigroup increased their price target on Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Raymond James Financial increased their price target on Dell Technologies from $152.00 to $161.00 and gave the company an “outperform” rating in a research report on Tuesday. Finally, Morgan Stanley increased their price target on Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. One investment 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 company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.80.

View Our Latest Stock Analysis on Dell Technologies

Dell Technologies Company Profile

(Free Report)

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).

Further Reading

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELLFree Report).

Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.