Aberdeen Group plc Purchases 12,241 Shares of Dell Technologies Inc. $DELL

Key Points

• Aberdeen Group plc increased its stake in Dell Technologies Inc. by 5.1%, owning 254,315 shares worth approximately $31.48 million after acquiring an additional 12,241 shares in the second quarter.
• Insider transactions saw significant sales, with a director selling 499,999 shares for over $80.73 million, reflecting a notable level of insider selling in recent months.
• Dell Technologies recently declared a quarterly dividend of $0.525 per share, with an annualized dividend yield of 1.4%, to be paid on October 31st.

Aberdeen Group plc raised its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 5.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 254,315 shares of the technology company's stock after acquiring an additional 12,241 shares during the quarter. Aberdeen Group plc's holdings in Dell Technologies were worth $31,482,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the company. Central Pacific Bank Trust Division acquired a new stake in Dell Technologies in the 2nd quarter valued at about $29,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Dell Technologies during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Dell Technologies during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC bought a new stake in Dell Technologies in the 1st quarter valued at $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in Dell Technologies during the 1st quarter valued at $27,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of Dell Technologies stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of the company's stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total value of $2,969,467.76. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,734,418 shares of company stock worth $666,089,211. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $150.67 on Monday. The stock has a market capitalization of $101.31 billion, a PE ratio of 22.16, a P/E/G ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $166.10. The business has a fifty day moving average price of $133.98 and a two-hundred day moving average price of $117.11.

Dell Technologies (NYSE:DELL - Get Free Report) last posted 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 during 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. 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 will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio is 30.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on DELL shares. Daiwa Capital Markets increased their price objective on shares of Dell Technologies from $125.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Argus increased their price target on shares of Dell Technologies from $150.00 to $200.00 and gave the company a "buy" rating in a report on Thursday. Bank of America boosted their price objective on Dell Technologies from $167.00 to $170.00 and gave the stock a "buy" rating in a report on Wednesday, October 1st. Susquehanna increased their target price on Dell Technologies from $120.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 8th. Finally, Citigroup upped their price objective on Dell Technologies from $160.00 to $175.00 and gave the company a "buy" rating in a report on Wednesday. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus 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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