Dell Technologies Inc. $DELL Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 18.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 829,777 shares of the technology company’s stock after acquiring an additional 127,217 shares during the period. Envestnet Asset Management Inc.’s holdings in Dell Technologies were worth $101,726,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of DELL. Boston Partners boosted its position 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 buying an additional 1,312,600 shares during the period. Vanguard Group Inc. boosted its position 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 buying an additional 1,145,658 shares during the period. Deutsche Bank AG boosted its position 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 buying an additional 1,142,012 shares during the period. Alkeon Capital Management LLC boosted its position 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 buying an additional 931,032 shares during the period. Finally, Auto Owners Insurance Co boosted its position 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 buying an additional 776,853 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Bank of America raised their target price on Dell Technologies from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Evercore ISI increased their price objective on Dell Technologies from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Susquehanna increased their price objective on Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Wells Fargo & Company increased their price objective on Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, Argus increased their price objective on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. One equities research 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 company’s stock. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $161.80.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 4,587,755 shares of company stock worth $649,644,973. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Price Performance

NYSE DELL opened at $163.41 on Thursday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $167.94. The stock’s 50-day moving average is $138.95 and its two-hundred day moving average is $123.67. The firm has a market cap of $109.88 billion, a P/E ratio of 24.03, a price-to-earnings-growth ratio of 1.12 and a beta of 1.05.

Dell Technologies (NYSE:DELL) last posted its 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 company had revenue of $26.43 billion for the quarter. 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 EPS for the current year.

Dell Technologies Announces Dividend

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