Lingohr Asset Management GmbH Has $866,000 Stock Position in Dell Technologies Inc. $DELL

Key Points

• Lingohr Asset Management GmbH has significantly reduced its stake in Dell Technologies, decreasing its shares by 91.7% in Q2 2023, leaving it with only 7,063 shares worth approximately $866,000.
• Dell Technologies recently posted quarterly earnings of $2.32 per share, beating analysts' estimates, with a revenue of $29.78 billion, which was also higher than anticipated.
• The company declared a quarterly dividend of $0.525 per share, with a yield of 1.7%, scheduled for payment on October 31st, to shareholders of record as of October 21st.

Lingohr Asset Management GmbH reduced its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 91.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,063 shares of the technology company's stock after selling 78,517 shares during the period. Dell Technologies makes up approximately 1.6% of Lingohr Asset Management GmbH's investment portfolio, making the stock its 20th biggest position. Lingohr Asset Management GmbH's holdings in Dell Technologies were worth $866,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in Dell Technologies during the second quarter valued at approximately $29,000. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies during the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in Dell Technologies during the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new position in Dell Technologies during the first quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC acquired a new position in Dell Technologies during the first quarter valued at approximately $27,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Down 0.3%

NYSE DELL opened at $124.98 on Monday. The company has a market capitalization of $84.03 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 0.86 and a beta of 1.01. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The stock has a fifty day simple moving average of $129.36 and a 200 day simple moving average of $111.00.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. The business had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.Dell Technologies's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the business posted $1.89 earnings per share. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. Dell Technologies's dividend payout ratio is 30.88%.

Analyst Ratings Changes

A number of analysts have weighed in on DELL shares. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. The Goldman Sachs Group set a $140.00 target price on shares of Dell Technologies and gave the stock a "buy" rating in a research note on Thursday, August 28th. Cowen reaffirmed a "hold" rating on shares of Dell Technologies in a research note on Friday, August 29th. Raymond James Financial boosted their target price on shares of Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, KeyCorp started coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating on the stock. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $146.31.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the sale, the chief executive officer owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Brunilda Rios sold 6,000 shares of the company's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total transaction of $757,740.00. Following the sale, the chief accounting officer directly owned 18,948 shares in the company, valued at $2,392,942.92. This trade represents a 24.05% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,618,897 shares of company stock valued at $1,428,008,024. 42.00% of the stock is owned by corporate insiders.

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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