Vanguard Personalized Indexing Management LLC Has $4.69 Million Stake in Dell Technologies Inc. $DELL

Key Points

• Vanguard Personalized Indexing Management LLC increased its stake in Dell Technologies by 36.3%, owning 38,244 shares valued at approximately $4.69 million as of the latest quarter.
• Several analysts have raised their price targets for Dell Technologies, with Bank of America setting a new target of $170.00 and UBS Group raising it to $186.00, indicating a positive outlook on the stock.
• Insider sales have been significant, with key directors selling over 4.5 million shares recently, amounting to approximately $644 million in total sales.

Vanguard Personalized Indexing Management LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 36.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,244 shares of the technology company's stock after acquiring an additional 10,193 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Dell Technologies were worth $4,692,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Concurrent Investment Advisors LLC raised its stake in shares of Dell Technologies by 149.8% during the second quarter. Concurrent Investment Advisors LLC now owns 15,450 shares of the technology company's stock valued at $1,894,000 after acquiring an additional 9,266 shares during the last quarter. Johnson Investment Counsel Inc. bought a new position in shares of Dell Technologies during the second quarter valued at $339,000. 1858 Wealth Management LLC raised its stake in shares of Dell Technologies by 53.9% during the second quarter. 1858 Wealth Management LLC now owns 4,577 shares of the technology company's stock valued at $561,000 after acquiring an additional 1,603 shares during the last quarter. Apollon Wealth Management LLC raised its stake in shares of Dell Technologies by 10.8% during the second quarter. Apollon Wealth Management LLC now owns 7,627 shares of the technology company's stock valued at $935,000 after acquiring an additional 745 shares during the last quarter. Finally, Fifth Third Wealth Advisors LLC bought a new position in shares of Dell Technologies during the second quarter valued at $452,000. Institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on DELL shares. Bank of America raised their price target on shares of Dell Technologies from $167.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. The Goldman Sachs Group lifted their target price on shares of Dell Technologies from $155.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Susquehanna lifted their target price on shares of Dell Technologies from $120.00 to $130.00 and gave the stock a "neutral" rating in a research note on Wednesday, October 8th. UBS Group lifted their target price on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a "buy" rating in a research note on Wednesday, October 8th. Finally, Evercore ISI lifted their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. 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, the company currently has an average rating of "Moderate Buy" and a consensus price target of $160.79.

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of Dell Technologies stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total transaction of $80,739,838.52. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director William D. Green sold 42,736 shares of Dell Technologies stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the transaction, the director owned 47,619 shares of the company's stock, valued at $7,619,040. This 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 4,561,318 shares of company stock valued at $644,276,880. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Trading Up 1.9%

DELL opened at $153.42 on Tuesday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10. The company has a market cap of $103.16 billion, a P/E ratio of 22.56, a price-to-earnings-growth ratio of 1.03 and a beta of 1.05. The company has a fifty day moving average price of $134.44 and a two-hundred day moving average price of $117.53.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. 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, research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

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