Ellevest Inc. Has $467,000 Holdings in Dell Technologies Inc. $DELL

Ellevest Inc. lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 10.0% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 3,806 shares of the technology company’s stock after purchasing an additional 345 shares during the quarter. Ellevest Inc.’s holdings in Dell Technologies were worth $467,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the stock. Boston Partners boosted its stake in shares of Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after purchasing an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. boosted its stake 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 purchasing an additional 1,145,658 shares in the last quarter. Deutsche Bank AG grew its holdings in Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after acquiring an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in Dell Technologies by 41.4% during the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock worth $289,657,000 after acquiring an additional 931,032 shares during the last quarter. Finally, Auto Owners Insurance Co grew its holdings in Dell Technologies by 18,732.9% during the 1st quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company’s stock worth $71,188,000 after acquiring an additional 776,853 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Down 1.4%

Shares of NYSE:DELL opened at $152.44 on Thursday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $168.08. The stock’s 50 day moving average is $141.69 and its 200-day moving average is $126.23. The firm has a market capitalization of $102.50 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.05 and a beta of 1.02.

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. 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. Equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business 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 1.4%. Dell Technologies’s dividend payout ratio is 30.88%.

Analyst Ratings Changes

DELL has been the topic of a number of research reports. TD Cowen boosted their target price on shares of Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Barclays raised their target price on Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Wells Fargo & Company raised their target price on Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Finally, Argus boosted their price target on shares of Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. One 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 stock. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $162.80.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total value of $80,739,838.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ellen Jamison Kullman sold 79,806 shares of the stock in a transaction that occurred on Wednesday, October 15th. The stock was 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 of the company’s stock, valued at approximately $10,083,056.72. This trade represents a 54.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 4,587,755 shares of company stock valued at $649,644,973. Corporate 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).