SBI Securities Co. Ltd. Decreases Holdings in Dell Technologies Inc. $DELL

SBI Securities Co. Ltd. lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 44.9% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,052 shares of the technology company’s stock after selling 2,489 shares during the period. SBI Securities Co. Ltd.’s holdings in Dell Technologies were worth $374,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. raised its holdings in shares of 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 acquiring an additional 1,145,658 shares during the last quarter. Boston Partners increased its position in shares of Dell Technologies by 14.9% during the second quarter. Boston Partners now owns 5,896,622 shares of the technology company’s stock worth $724,578,000 after purchasing an additional 763,745 shares in the last quarter. Deutsche Bank AG raised its stake in Dell Technologies by 38.1% in the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock valued at $377,508,000 after purchasing an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC raised its stake in Dell Technologies by 41.4% in the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock valued at $289,657,000 after purchasing an additional 931,032 shares during the last quarter. Finally, Invesco Ltd. lifted its holdings in Dell Technologies by 20.5% in the 1st quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company’s stock valued at $269,150,000 after purchasing an additional 502,764 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director William D. Green sold 42,736 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the transaction, the director directly owned 47,619 shares in the company, valued at approximately $7,619,040. This represents a 47.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Ellen Jamison Kullman sold 79,806 shares of the business’s stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total value of $12,255,009.36. Following the completion of the sale, the director directly owned 65,662 shares in the company, valued at approximately $10,083,056.72. The trade was a 54.86% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 4,537,755 shares of company stock worth $642,644,973. Insiders own 42.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. UBS Group increased their target price on shares of Dell Technologies from $155.00 to $186.00 and gave the company a “buy” 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 research note on Saturday, September 13th. The Goldman Sachs Group raised their target price on shares of Dell Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Barclays upped their price target on Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Finally, Piper Sandler initiated coverage on Dell Technologies in a research report on Tuesday, October 21st. They set an “overweight” rating and a $172.00 price objective on the stock. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $162.80.

Dell Technologies Stock Performance

DELL opened at $133.58 on Friday. The business’s 50 day moving average price is $143.87 and its 200 day moving average price is $128.45. The stock has a market capitalization of $89.82 billion, a PE ratio of 19.64, a P/E/G ratio of 0.91 and a beta of 1.02. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $168.08.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The business 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. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were given 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 1.6%. 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).