1,746 Shares in Dell Technologies Inc. $DELL Bought by Spinnaker Trust

Spinnaker Trust purchased a new position in Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,746 shares of the technology company’s stock, valued at approximately $214,000.

Several other large investors also recently modified their holdings of DELL. Boston Partners increased its holdings 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 worth $466,418,000 after acquiring an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after acquiring an additional 1,145,658 shares in the last quarter. Deutsche Bank AG increased its holdings in shares of Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after acquiring an additional 1,142,012 shares in the last quarter. Alkeon Capital Management LLC increased its holdings in shares of Dell Technologies by 41.4% in the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock worth $289,657,000 after acquiring an additional 931,032 shares in the last quarter. Finally, Auto Owners Insurance Co increased 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 worth $71,188,000 after acquiring an additional 776,853 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,587,755 shares of company stock valued at $649,644,973 over the last quarter. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Down 1.6%

DELL stock opened at $160.96 on Friday. The business has a 50 day moving average price of $139.62 and a two-hundred day moving average price of $123.93. The company has a market cap of $108.22 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 1.12 and a beta of 1.05. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $167.94.

Dell Technologies (NYSE:DELL) 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 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 anticipate that Dell Technologies Inc. will post 6.93 EPS 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. This represents a $2.10 annualized dividend and a dividend yield of 1.3%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s payout ratio is currently 30.88%.

Wall Street Analyst Weigh In

DELL has been the subject of several recent analyst reports. Bank of America increased their price target on Dell Technologies from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Fox Advisors downgraded Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Sanford C. Bernstein increased their price objective on Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. The Goldman Sachs Group increased their price objective on Dell Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. increased their price objective on Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.80.

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).