Dell Technologies Inc. $DELL Shares Acquired by Stratos Investment Management LLC

Key Points

• Stratos Investment Management LLC significantly increased its holdings in Dell Technologies by 1,242.5%, acquiring an additional 45,042 shares, bringing its total to 48,667 shares valued at nearly $6 million.
• Company insiders sold over 4.5 million shares of Dell stock worth approximately $641 million in the past three months, indicating substantial trading activity among executives.
• Analysts have raised their price targets for Dell Technologies, with estimates ranging from $165 to $180, and the stock currently has a consensus rating of "Moderate Buy".

Stratos Investment Management LLC increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 1,242.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 48,667 shares of the technology company's stock after acquiring an additional 45,042 shares during the period. Stratos Investment Management LLC's holdings in Dell Technologies were worth $5,967,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after purchasing an additional 901 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Dell Technologies by 94.8% in the 1st quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company's stock valued at $539,000 after purchasing an additional 2,878 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Dell Technologies by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock valued at $5,417,000 after purchasing an additional 4,977 shares during the period. Exchange Traded Concepts LLC boosted its holdings in Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after buying an additional 506 shares in the last quarter. Finally, Mission Wealth Management LP grew its position in Dell Technologies by 62.4% during the first quarter. Mission Wealth Management LP now owns 3,037 shares of the technology company's stock worth $277,000 after buying an additional 1,167 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction on Monday, September 22nd. The stock was 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. In the last three months, insiders sold 4,537,949 shares of company stock valued at $641,439,964. Company insiders own 42.00% of the company's stock.

Wall Street Analyst Weigh In

DELL has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $145.00 to $165.00 and gave the company an "overweight" rating in a research report on Wednesday, October 8th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dell Technologies in a report on Wednesday, October 8th. Citigroup boosted their target price on Dell Technologies from $160.00 to $175.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Fox Advisors lowered Dell Technologies from an "overweight" rating to an "equal weight" rating in a report on Friday, August 29th. Finally, Sanford C. Bernstein lifted their price target on Dell Technologies from $175.00 to $180.00 and gave the stock an "outperform" rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $160.79.

Dell Technologies Stock Performance

Dell Technologies stock opened at $151.07 on Friday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $166.10. The company has a market capitalization of $101.57 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.05 and a beta of 1.05. The stock has a fifty day moving average of $135.67 and a two-hundred day moving average of $118.41.

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, analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

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

Dell Technologies Company 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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