Boston Trust Walden Corp Makes New $257,000 Investment in Dell Technologies Inc. $DELL

Key Points

• Boston Trust Walden Corp invested approximately $257,000 in Dell Technologies during the second quarter, acquiring 2,096 shares of the company.
• Analysts have significantly adjusted their ratings for Dell Technologies, with many upgrading the stock to a buy rating, and notable price target increases occurring from various financial institutions.
• Dell Technologies plans to pay a quarterly dividend of $0.525 per share, scheduled for distribution on October 31st, representing an annual yield of 1.4%.

Boston Trust Walden Corp acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,096 shares of the technology company's stock, valued at approximately $257,000.

Other institutional investors have also recently bought and sold shares of the company. Cary Street Partners Financial LLC grew its position in Dell Technologies by 2.7% during 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 position in Dell Technologies by 16.4% during the second quarter. Blue Trust Inc. now owns 882 shares of the technology company's stock valued at $108,000 after buying an additional 124 shares during the period. OneAscent Financial Services LLC grew its position 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 valued at $345,000 after buying an additional 125 shares during the period. MRP Capital Investments LLC boosted its position 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 purchasing an additional 125 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. boosted its position 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 purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Ratings Changes

DELL has been the subject of a number of research reports. Fox Advisors lowered shares of Dell Technologies from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 29th. Morgan Stanley increased their target price on shares of Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Mizuho increased their target price on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday, October 8th. TD Cowen increased their target price on shares of Dell Technologies from $130.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. One equities research 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. Based on data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $160.79.

Dell Technologies Trading Up 3.3%

DELL stock opened at $153.69 on Thursday. The firm has a 50 day moving average of $135.32 and a 200-day moving average of $118.00. 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 $103.34 billion, a P/E ratio of 22.60, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data 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 company had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced 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 of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the firm's stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total value of $2,969,467.76. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the firm's stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total transaction of $80,739,838.52. The disclosure for this sale can be found here. Insiders have sold 4,551,332 shares of company stock valued at $643,036,628 over the last three months. 42.00% of the stock is owned by corporate insiders.

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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