Dell Technologies Inc. $DELL Shares Sold by Easterly Investment Partners LLC

Key Points

• Easterly Investment Partners LLC reduced its stake in Dell Technologies by 54.4%, selling 52,088 shares, leaving it with 43,587 shares valued at approximately $5.34 million.
• In insider trading, directors sold nearly 500,000 shares of Dell stock for over $80 million in a single transaction, with total insider sales exceeding $641 million over the last quarter.
• Dell Technologies recently declared a quarterly dividend of $0.525 per share, with an annualized yield of 1.4%, payable on October 31st.

Easterly Investment Partners LLC lessened its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 54.4% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 43,587 shares of the technology company's stock after selling 52,088 shares during the period. Easterly Investment Partners LLC's holdings in Dell Technologies were worth $5,344,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Boston Partners grew its stake in shares of Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after buying an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. grew its position in Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after acquiring an additional 1,145,658 shares in the last quarter. Deutsche Bank AG increased its stake in 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 purchasing an additional 1,142,012 shares during the period. Alkeon Capital Management LLC lifted its position 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 purchasing an additional 931,032 shares in the last quarter. Finally, Auto Owners Insurance Co grew its holdings in shares of Dell Technologies by 18,732.9% in the first quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock valued at $71,188,000 after purchasing an additional 776,853 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the business's stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total value of $80,739,838.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of Dell Technologies stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total transaction of $2,969,467.76. The disclosure for this sale can be found here. Insiders have sold 4,537,949 shares of company stock valued at $641,439,964 over the last quarter. 42.00% of the stock is owned by insiders.

Dell Technologies Stock Performance

NYSE:DELL opened at $151.07 on Friday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $166.10. The stock has a market cap of $101.57 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.05 and a beta of 1.05. The stock has a 50-day simple moving average of $135.67 and a 200-day simple moving average of $118.41.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The firm had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

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 paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on DELL shares. Raymond James Financial raised their price target on shares of Dell Technologies from $150.00 to $152.00 and gave the company an "outperform" rating in a research report on Friday, August 29th. Mizuho boosted their target price on Dell Technologies from $160.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. UBS Group increased their price target on Dell Technologies from $155.00 to $186.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. Cowen reissued a "hold" rating on shares of Dell Technologies in a research report on Friday, August 29th. Finally, Barclays upped their target price on shares of Dell Technologies from $133.00 to $151.00 and gave the stock an "equal weight" rating in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $160.79.

Dell Technologies Company 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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