Asset Management One Co. Ltd. Raises Position in Dell Technologies Inc. $DELL

Key Points

• Asset Management One Co. Ltd. increased its holdings in Dell Technologies by 1.8%, owning 133,364 shares valued at $16.35 million after purchasing 2,401 additional shares in the second quarter.
• Analyst upgrades include Raymond James raising the target price for Dell Technologies from $152 to $161, while UBS Group increased its target from $155 to $186, reflecting a generally positive outlook for the company.
• Dell Technologies recently announced a quarterly dividend of $0.525 per share, with an annualized yield of 1.3%, to be paid on October 31st to shareholders on record by October 21st.

Asset Management One Co. Ltd. grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 1.8% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,364 shares of the technology company's stock after purchasing an additional 2,401 shares during the quarter. Asset Management One Co. Ltd.'s holdings in Dell Technologies were worth $16,350,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. raised its position in shares of Dell Technologies by 4.1% in the 1st 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 raised its position in shares of Dell Technologies by 34.4% in the 1st 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 raised its position in shares of Dell Technologies by 38.1% in the 1st 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 raised its position in shares of Dell Technologies by 41.4% in the 1st 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. raised its position in shares of Dell Technologies by 20.5% in the 1st 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 owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DELL has been the topic of several research reports. Raymond James Financial increased their target price on Dell Technologies from $152.00 to $161.00 and gave the stock an "outperform" rating in a research report on Tuesday. Susquehanna increased their price target on Dell Technologies from $120.00 to $130.00 and gave the company a "neutral" rating in a report on Wednesday, October 8th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dell Technologies in a report on Friday. Sanford C. Bernstein increased their price target on Dell Technologies from $175.00 to $180.00 and gave the company an "outperform" rating in a report on Wednesday, October 8th. Finally, UBS Group increased their price target on Dell Technologies from $155.00 to $186.00 and gave the company a "buy" rating in a report on Wednesday, October 8th. One research 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 company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $161.80.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the firm's stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total transaction of $80,739,838.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William D. Green sold 42,736 shares of Dell Technologies stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total value of $6,837,760.00. Following the completion of the transaction, the director owned 47,619 shares of the company's stock, valued at $7,619,040. This trade represents a 47.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,617,755 shares of company stock valued at $653,694,973. 42.00% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $158.67 on Friday. The business has a 50-day moving average of $137.17 and a 200-day moving average of $121.69. The company has a market capitalization of $106.68 billion, a PE ratio of 23.33, a P/E/G ratio of 1.08 and a beta of 1.05. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year 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 for the quarter. The company 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 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.3%. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.

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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