1,833 Shares in Dell Technologies Inc. $DELL Purchased by Brucke Financial Inc.

Key Points

• Brucke Financial Inc. purchased 1,833 shares of Dell Technologies, valued at approximately $225,000, in the second quarter.
• Multiple analysts have raised their target price for Dell Technologies, with Citigroup increasing it to $175.00 and Bank of America to $170.00, reflecting a strong consensus of a "Moderate Buy."
• Insider sales totaled 4.7 million shares over the last quarter, amounting to over $666 million in value, with insiders now owning 42% of the company's stock.

Brucke Financial Inc. acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,833 shares of the technology company's stock, valued at approximately $225,000.

Other institutional investors also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies in the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies in the first quarter valued at approximately $27,000. Flaharty Asset Management LLC acquired a new stake in shares of Dell Technologies in the first quarter valued at approximately $27,000. Finally, Cullen Frost Bankers Inc. raised its position in shares of Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after buying an additional 222 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on DELL shares. Bank of America upped their target price on Dell Technologies from $167.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Citigroup upped their target price on Dell Technologies from $160.00 to $175.00 and gave the stock a "buy" rating in a research note on Wednesday. Daiwa Capital Markets upped their target price on Dell Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Argus upped their target price on Dell Technologies from $150.00 to $200.00 and gave the stock a "buy" rating in a research note on Thursday. Finally, Raymond James Financial upped their target price on Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $160.53.

Insider Buying and Selling

In related 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 shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. The disclosure for this sale can be found here. Insiders sold a total of 4,734,418 shares of company stock valued at $666,089,211 over the last quarter. 42.00% of the stock is owned by company insiders.

Dell Technologies Trading Down 3.4%

Shares of DELL opened at $150.67 on Friday. The stock has a market capitalization of $101.31 billion, a P/E ratio of 22.16, a price-to-earnings-growth ratio of 1.06 and a beta of 1.05. The firm's fifty day simple moving average is $133.98 and its two-hundred day simple moving average is $116.82. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $166.10.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The company had revenue of $26.43 billion for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's payout ratio is currently 30.88%.

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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