1,842 Shares in Dell Technologies Inc. $DELL Acquired by Turtle Creek Wealth Advisors LLC

Key Points

• Turtle Creek Wealth Advisors LLC acquired 1,842 shares of Dell Technologies, valued at approximately $226,000, indicating institutional interest in the company's stock.
• Multiple analysts recently upgraded their price targets for Dell Technologies, with an average price target now at $160.79 and a consensus rating of "Moderate Buy."
• Dell Technologies announced a quarterly dividend of $0.525 per share, equating to an annualized yield of 1.4%, with the dividend payout ratio currently at 30.88%.

Turtle Creek Wealth Advisors LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 1,842 shares of the technology company's stock, valued at approximately $226,000.

Several other institutional investors have also recently added to or reduced their stakes in the business. Cary Street Partners Financial LLC lifted its stake in Dell Technologies by 2.7% in the first quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company's stock valued at $395,000 after buying an additional 116 shares during the period. Blue Trust Inc. grew its holdings in Dell Technologies by 16.4% during the second quarter. Blue Trust Inc. now owns 882 shares of the technology company's stock worth $108,000 after buying an additional 124 shares in the last quarter. OneAscent Financial Services LLC grew its holdings in Dell Technologies by 3.4% during the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock worth $345,000 after buying an additional 125 shares in the last quarter. MRP Capital Investments LLC grew its holdings in Dell Technologies by 0.8% during the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock worth $1,365,000 after buying an additional 125 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its holdings in Dell Technologies by 1.2% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 10,762 shares of the technology company's stock worth $1,319,000 after buying an additional 125 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

DELL has been the subject of several recent research reports. Evercore ISI upped their price target on Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. TD Cowen boosted their price objective on Dell Technologies from $130.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, October 8th. Daiwa Capital Markets boosted their price objective on Dell Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Weiss Ratings reissued a "hold (c+)" rating on shares of Dell Technologies in a research report on Wednesday, October 8th. Finally, Citigroup boosted their price objective on Dell Technologies from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $160.79.

Insider Transactions at Dell Technologies

In related 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 sale was disclosed in a legal filing with the SEC, which is available through this link. 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 4,617,755 shares of company stock worth $653,694,973. 42.00% of the stock is currently owned by insiders.

Dell Technologies Stock Performance

Shares of DELL opened at $149.57 on Friday. The stock's 50-day simple moving average is $135.90 and its 200 day simple moving average is $118.81. The stock has a market capitalization of $100.57 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $166.10.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The business had revenue of $26.43 billion for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. 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 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

About Dell Technologies

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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