Geode Capital Management LLC Has $875.52 Million Stock Holdings in Dell Technologies Inc. $DELL

Geode Capital Management LLC trimmed its position in Dell Technologies Inc. (NYSE:DELL) by 0.9% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 7,166,638 shares of the technology company’s stock after selling 66,188 shares during the quarter. Geode Capital Management LLC owned approximately 1.06% of Dell Technologies worth $875,515,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. raised its stake in Dell Technologies by 4.1% in 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 during the period. Boston Partners increased its holdings in shares of Dell Technologies by 14.9% during the 2nd quarter. Boston Partners now owns 5,896,622 shares of the technology company’s stock worth $724,578,000 after acquiring an additional 763,745 shares during 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 acquiring an additional 1,142,012 shares during the period. Alkeon Capital Management LLC lifted 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 valued at $289,657,000 after purchasing an additional 931,032 shares during the last quarter. Finally, Invesco Ltd. boosted its position in Dell Technologies by 20.5% during the first quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company’s stock worth $269,150,000 after purchasing an additional 502,764 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $133.79 on Friday. The business has a fifty day moving average price of $143.70 and a two-hundred day moving average price of $128.17. The stock has a market capitalization of $89.96 billion, a PE ratio of 19.68, a P/E/G ratio of 0.96 and a beta of 1.02. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $168.08.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The company 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 expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, October 21st. Dell Technologies’s dividend payout ratio is 30.88%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DELL. Evercore ISI set a $180.00 price objective on shares of Dell Technologies and gave the company an “outperform” rating in a research report on Monday, November 3rd. Mizuho increased their price target on shares of Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Barclays boosted their price objective on Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Cowen reiterated a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. Finally, Argus upped their price objective on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 9th. One 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. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’s 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 disclosure for this sale is available in the SEC filing. Insiders sold 4,537,755 shares of company stock worth $642,644,973 over the last three months. 42.00% of the stock is currently owned by insiders.

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).