Cookson Peirce & Co. Inc. Purchases 1,723 Shares of Dell Technologies Inc. $DELL

Key Points

• Cookson Peirce & Co. Inc. increased its holdings in Dell Technologies by 21.4%, acquiring an additional 1,723 shares during the 2nd quarter, bringing its total ownership to 9,788 shares worth approximately $1.2 million.
• Several hedge funds have significantly increased their positions in Dell Technologies, with FNY Investment Advisers raising theirs by 705%, now holding 16,100 shares valued at around $1.97 million.
• Analysts have raised their price targets for Dell Technologies, with estimates reaching as high as $200, reflecting strong confidence in the company's growth, evidenced by a recent $1.68 EPS reported in its quarterly earnings.

Cookson Peirce & Co. Inc. raised its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 21.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,788 shares of the technology company's stock after purchasing an additional 1,723 shares during the quarter. Cookson Peirce & Co. Inc.'s holdings in Dell Technologies were worth $1,200,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the stock. FNY Investment Advisers LLC raised its position in shares of Dell Technologies by 705.0% during the second quarter. FNY Investment Advisers LLC now owns 16,100 shares of the technology company's stock worth $1,973,000 after acquiring an additional 14,100 shares during the last quarter. D.A. Davidson & CO. raised its position in shares of Dell Technologies by 89.3% during the second quarter. D.A. Davidson & CO. now owns 12,838 shares of the technology company's stock worth $1,574,000 after acquiring an additional 6,056 shares during the last quarter. Gables Capital Management Inc. raised its position in shares of Dell Technologies by 16.4% during the second quarter. Gables Capital Management Inc. now owns 10,245 shares of the technology company's stock worth $1,256,000 after acquiring an additional 1,440 shares during the last quarter. apricus wealth LLC bought a new position in shares of Dell Technologies during the second quarter worth about $245,000. Finally, Triton Financial Group Inc bought a new position in shares of Dell Technologies during the second quarter worth about $1,135,000. 76.37% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

DELL has been the subject of a number of analyst reports. The Goldman Sachs Group raised their price objective on Dell Technologies from $155.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Argus raised 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, October 9th. Morgan Stanley raised their target price on Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. 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 note on Wednesday, October 8th. Finally, Zacks Research raised Dell Technologies from a "hold" rating to a "strong-buy" rating in a research note on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $161.80.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $149.96 on Thursday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The stock has a 50 day moving average price of $136.46 and a two-hundred day moving average price of $120.21. The stock has a market capitalization of $100.83 billion, a PE ratio of 22.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05.

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

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 30.88%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 6,617 shares of the firm's stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of $151.63, for a total value of $1,003,335.71. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ellen Jamison Kullman sold 79,806 shares of the firm's stock in a transaction that occurred on Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total value of $12,255,009.36. Following the completion of the sale, the director directly owned 65,662 shares of the company's stock, valued at $10,083,056.72. This trade represents a 54.86% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,617,755 shares of company stock valued at $653,694,973. Company insiders own 42.00% of the company's stock.

Dell Technologies 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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