Vanguard Personalized Indexing Management LLC Boosts Stock Holdings in Dell Technologies Inc. (NYSE:DELL)

Vanguard Personalized Indexing Management LLC raised its holdings in Dell Technologies Inc. (NYSE:DELL) by 23.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,462 shares of the technology company’s stock after purchasing an additional 3,660 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Dell Technologies were worth $2,547,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of DELL. Jones Financial Companies Lllp purchased a new position in shares of Dell Technologies in the fourth quarter worth about $25,000. Massmutual Trust Co. FSB ADV increased its stake in shares of Dell Technologies by 58.2% in the first quarter. Massmutual Trust Co. FSB ADV now owns 223 shares of the technology company’s stock worth $25,000 after purchasing an additional 82 shares in the last quarter. Accordant Advisory Group Inc purchased a new position in shares of Dell Technologies in the second quarter worth about $28,000. New Covenant Trust Company N.A. purchased a new position in shares of Dell Technologies in the first quarter worth about $30,000. Finally, Central Bank & Trust Co. purchased a new position in shares of Dell Technologies in the first quarter worth about $34,000. Hedge funds and other institutional investors own 38.10% of the company’s stock.

Dell Technologies Stock Performance

DELL stock opened at $117.52 on Friday. The company has a market capitalization of $83.36 billion, a PE ratio of 23.98, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. Dell Technologies Inc. has a one year low of $63.90 and a one year high of $179.70. The company’s 50 day moving average price is $111.30 and its two-hundred day moving average price is $124.26.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, August 29th. The technology company reported $1.89 EPS for the quarter, topping the consensus estimate of $1.49 by $0.40. The firm had revenue of $25.03 billion for the quarter, compared to the consensus estimate of $24.14 billion. Dell Technologies had a net margin of 4.32% and a negative return on equity of 178.09%. The business’s revenue was up 9.1% compared to the same quarter last year. During the same period last year, the firm posted $1.44 earnings per share. On average, research analysts predict that Dell Technologies Inc. will post 6.9 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 1st. Shareholders of record on Tuesday, October 22nd will be paid a dividend of $0.445 per share. This represents a $1.78 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Tuesday, October 22nd. Dell Technologies’s dividend payout ratio (DPR) is presently 36.33%.

Wall Street Analyst Weigh In

DELL has been the subject of a number of analyst reports. TD Cowen cut their price objective on shares of Dell Technologies from $155.00 to $128.00 and set a “hold” rating for the company in a research report on Friday, August 30th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating in a research report on Friday, August 30th. Wells Fargo & Company cut their price objective on shares of Dell Technologies from $150.00 to $140.00 and set an “overweight” rating for the company in a research report on Friday, August 30th. Mizuho initiated coverage on shares of Dell Technologies in a research report on Tuesday. They issued an “outperform” rating and a $135.00 price objective for the company. Finally, JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $155.00 to $160.00 and gave the company an “overweight” rating in a research report on Thursday, August 15th. Three analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $139.19.

Insider Buying and Selling

In related news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CEO Michael S. Dell sold 221,460 shares of Dell Technologies stock in a transaction on Friday, September 6th. The shares were sold at an average price of $102.07, for a total value of $22,604,422.20. Following the transaction, the chief executive officer now directly owns 20,190,781 shares of the company’s stock, valued at $2,060,873,016.67. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 8,493 shares of Dell Technologies stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of $146.80, for a total transaction of $1,246,772.40. Following the completion of the transaction, the director now directly owns 731,612 shares in the company, valued at $107,400,641.60. The disclosure for this sale can be found here. Insiders have sold a total of 7,297,857 shares of company stock valued at $840,653,193 over the last three months. 46.70% of the stock is owned by company insiders.

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).