Fox Run Management L.L.C. Sells 9,870 Shares of Dell Technologies Inc. $DELL

Fox Run Management L.L.C. lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 69.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,381 shares of the technology company’s stock after selling 9,870 shares during the period. Fox Run Management L.L.C.’s holdings in Dell Technologies were worth $537,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in DELL. Brighton Jones LLC grew its position in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after buying an additional 901 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Dell Technologies by 23.8% during the 1st quarter. Cerity Partners LLC now owns 47,636 shares of the technology company’s stock valued at $4,342,000 after acquiring an additional 9,165 shares during the period. Schechter Investment Advisors LLC grew its holdings in shares of Dell Technologies by 32.3% during the 1st quarter. Schechter Investment Advisors LLC now owns 5,157 shares of the technology company’s stock worth $470,000 after purchasing an additional 1,258 shares in the last quarter. Louisiana State Employees Retirement System increased its position in shares of Dell Technologies by 1.8% in the first quarter. Louisiana State Employees Retirement System now owns 16,800 shares of the technology company’s stock worth $1,531,000 after purchasing an additional 300 shares during the period. Finally, Bleakley Financial Group LLC raised its stake in Dell Technologies by 10.2% in the first quarter. Bleakley Financial Group LLC now owns 10,299 shares of the technology company’s stock valued at $939,000 after purchasing an additional 957 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DELL has been the topic of a number of analyst reports. Mizuho increased their price objective on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. UBS Group upped their price target on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Susquehanna boosted their price objective 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. Finally, Citigroup raised their target price on Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. One equities 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 company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $162.80.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 4,537,755 shares of company stock valued at $642,644,973. 42.00% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $138.61 on Wednesday. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $168.08. The company has a market capitalization of $93.19 billion, a PE ratio of 20.38, a price-to-earnings-growth ratio of 0.97 and a beta of 1.02. The company has a fifty day moving average of $143.22 and a 200-day moving average of $128.05.

Dell Technologies (NYSE:DELL) last issued 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 business had revenue of $26.43 billion for the quarter. 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 fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were paid a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.5%. Dell Technologies’s dividend payout ratio 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).