Alta Advisers Ltd purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 1,729 shares of the technology company's stock, valued at approximately $212,000.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. CWM LLC boosted its position in Dell Technologies by 95.2% in the 2nd quarter. CWM LLC now owns 35,337 shares of the technology company's stock valued at $4,332,000 after buying an additional 17,232 shares during the period. Vanguard Personalized Indexing Management LLC boosted its position in Dell Technologies by 36.3% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,244 shares of the technology company's stock valued at $4,692,000 after buying an additional 10,193 shares during the period. Concurrent Investment Advisors LLC boosted its position in Dell Technologies by 149.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 15,450 shares of the technology company's stock valued at $1,894,000 after buying an additional 9,266 shares during the period. Johnson Investment Counsel Inc. purchased a new position in Dell Technologies in the 2nd quarter valued at approximately $339,000. Finally, 1858 Wealth Management LLC boosted its position in Dell Technologies by 53.9% in the 2nd quarter. 1858 Wealth Management LLC now owns 4,577 shares of the technology company's stock valued at $561,000 after buying an additional 1,603 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.
Dell Technologies Price Performance
Shares of NYSE:DELL opened at $150.67 on Friday. The company's fifty day moving average price is $133.98 and its 200 day moving average price is $116.97. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $166.10. The firm has a market capitalization of $101.31 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.03 and a beta of 1.05.
Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $26.43 billion for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.
Dell Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors 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 yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.
Wall Street Analyst Weigh In
Several brokerages have commented on DELL. Weiss Ratings reissued a "hold (c+)" rating on shares of Dell Technologies in a research report on Wednesday. Bank of America lifted their price objective on shares of Dell Technologies from $167.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, October 1st. Sanford C. Bernstein lifted their price objective on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an "outperform" rating in a research report on Wednesday. Daiwa Capital Markets lifted their price objective on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Finally, Citigroup lifted their price objective on shares of Dell Technologies from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $160.53.
View Our Latest Research Report on Dell Technologies
Insider Buying and Selling
In related news, Director V (Gp) L.L.C. Slta sold 19,256 shares of Dell Technologies stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total transaction of $2,969,467.76. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director William D. Green sold 42,736 shares of Dell Technologies stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the completion of the transaction, the director owned 47,619 shares in the company, valued at approximately $7,619,040. This represents a 47.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,734,418 shares of company stock worth $666,089,211 in the last ninety days. 42.00% of the stock is owned by corporate insiders.
Dell Technologies Company Profile
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Free Report)
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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