Dell Technologies Inc. $DELL Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 2.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,996 shares of the technology company’s stock after selling 443 shares during the period. Intech Investment Management LLC’s holdings in Dell Technologies were worth $1,961,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DELL. N.E.W. Advisory Services LLC purchased a new position in shares of Dell Technologies during the first quarter worth about $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at about $27,000. Flaharty Asset Management LLC purchased a new position in Dell Technologies during the 1st quarter worth approximately $27,000. Westside Investment Management Inc. grew its stake in Dell Technologies by 84.7% during the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new stake in Dell Technologies in the second quarter valued at approximately $29,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $122.57 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 market cap of $82.41 billion, a P/E ratio of 18.03, a PEG ratio of 0.80 and a beta of 1.02. The firm has a fifty day moving average of $143.58 and a two-hundred day moving average of $129.41.

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

Dell Technologies Announces Dividend

The firm also recently announced 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 annualized dividend and a yield of 1.7%. Dell Technologies’s payout ratio is presently 30.88%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. Fox Advisors lowered shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. Daiwa Capital Markets increased their price target on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a research report on Wednesday, October 8th. Piper Sandler initiated coverage on shares of Dell Technologies in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $172.00 price objective on the stock. Finally, Morgan Stanley reiterated an “underweight” rating and set a $110.00 target price (down previously from $144.00) on shares of Dell Technologies in a research note on Monday, November 17th. Seventeen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.85.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,537,755 shares of company stock valued at $642,644,973. Company insiders own 42.00% of the company’s stock.

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).