Conway Capital Management Inc. bought a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 2,000 shares of the technology company's stock, valued at approximately $245,000.
Several other hedge funds and other institutional investors have also bought and sold shares of DELL. Smallwood Wealth Investment Management LLC purchased a new position in shares of Dell Technologies during the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in Dell Technologies in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new stake in Dell Technologies during the 1st quarter valued at $27,000. Flaharty Asset Management LLC bought a new position in shares of Dell Technologies during the 1st quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. boosted its stake in shares of Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after buying an additional 222 shares during the last quarter. Institutional investors own 76.37% of the company's stock.
Dell Technologies Price Performance
DELL opened at $149.57 on Friday. The company has a 50 day simple moving average of $135.90 and a two-hundred day simple moving average of $118.81. The firm has a market cap of $100.57 billion, a P/E ratio of 22.00, a PEG ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10.
Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share 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 for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.
Dell Technologies Announces Dividend
The firm 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 dividend of $0.525 per share. This represents a $2.10 annualized dividend 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 30.88%.
Insider Buying and Selling
In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 4,617,755 shares of company stock worth $653,694,973. 42.00% of the stock is owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have issued reports on DELL. Barclays raised their target price on Dell Technologies from $133.00 to $151.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 8th. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Bank of America boosted their target price on shares of Dell Technologies from $167.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Morgan Stanley upped their target price on shares of Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, Wells Fargo & Company lifted their price target on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an "overweight" rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $160.79.
Check Out Our Latest Stock Analysis on DELL
About Dell Technologies
(
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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