1,703 Shares in Dell Technologies Inc. $DELL Acquired by Pzena Investment Management LLC

Key Points

• Pzena Investment Management LLC acquired 1,703 shares of Dell Technologies, valued at approximately $209,000, during the second quarter, according to a recent SEC filing.
• Dell Technologies reported $1.68 EPS in its latest earnings, with revenue of $26.43 billion for the quarter, and set FY24 guidance at $6.10-6.50 EPS.
• The company declared a quarterly dividend of $0.525 per share, with an ex-dividend date of October 21st, representing a 1.4% dividend yield.

Pzena Investment Management LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 1,703 shares of the technology company's stock, valued at approximately $209,000.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased 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 worth $2,653,032,000 after buying an additional 1,145,658 shares during the period. Boston Partners increased 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 worth $466,418,000 after buying an additional 1,312,600 shares during the period. Deutsche Bank AG increased its stake in shares of Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after buying an additional 1,142,012 shares during the period. Alkeon Capital Management LLC increased its stake in shares of Dell Technologies by 41.4% during the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company's stock worth $289,657,000 after buying an additional 931,032 shares during the period. Finally, Invesco Ltd. increased its stake in shares of 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 buying an additional 502,764 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 1.9%

Shares of DELL opened at $153.42 on Tuesday. The firm has a market cap of $103.16 billion, a PE ratio of 22.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.05. The company's 50 day simple moving average is $134.44 and its 200-day simple moving average is $117.53. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $166.10.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The business had revenue of $26.43 billion for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. 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 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total transaction of $2,969,467.76. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the stock in a transaction 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 disclosure for this sale can be found here. Insiders sold a total of 4,561,318 shares of company stock valued at $644,276,880 over the last three months. 42.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several brokerages have commented on DELL. Barclays increased their price target on shares of Dell Technologies from $133.00 to $151.00 and gave the company an "equal weight" rating in a research note on Wednesday, October 8th. Raymond James Financial increased their price target on shares of Dell Technologies from $150.00 to $152.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Citigroup increased their price target on shares of Dell Technologies from $160.00 to $175.00 and gave the company a "buy" rating in a research note on Wednesday, October 8th. KeyCorp began coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Finally, Evercore ISI increased their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $160.79.

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).

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