Raymond James Financial Inc. Buys 265,643 Shares of Dell Technologies Inc. $DELL

Key Points

• Raymond James Financial Inc. increased its stake in Dell Technologies by 33.3%, owning over 1 million shares valued at approximately $97 million as of the latest SEC filing.
• Several institutional investors, including Vanguard Group and Boston Partners, also raised their stakes significantly during the first quarter of 2023, collectively owning over 76% of Dell Technologies' stock.
• Equity analysts have increased price targets for Dell Technologies, with predictions ranging from $125 to $160, and a consensus rating currently classified as "Moderate Buy."

Raymond James Financial Inc. grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 33.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,064,511 shares of the technology company's stock after purchasing an additional 265,643 shares during the quarter. Raymond James Financial Inc. owned about 0.15% of Dell Technologies worth $97,030,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Vanguard Capital Wealth Advisors lifted its stake in shares of Dell Technologies by 5.9% in the 4th quarter. Vanguard Capital Wealth Advisors now owns 1,800 shares of the technology company's stock valued at $207,000 after purchasing an additional 100 shares during the period. Cary Street Partners Financial LLC lifted its stake in shares of Dell Technologies by 2.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company's stock valued at $395,000 after purchasing an additional 116 shares during the period. OneAscent Financial Services LLC lifted its stake in shares of Dell Technologies by 3.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock valued at $345,000 after purchasing an additional 125 shares during the period. MRP Capital Investments LLC increased its stake in Dell Technologies by 0.8% in the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock valued at $1,365,000 after purchasing an additional 125 shares in the last quarter. Finally, Greenleaf Trust increased its stake in Dell Technologies by 1.4% in the first quarter. Greenleaf Trust now owns 10,172 shares of the technology company's stock valued at $927,000 after purchasing an additional 136 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the transaction, the director directly owned 938,741 shares in the company, valued at approximately $105,918,147.03. This represents a 35.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the transaction, the insider owned 56,429 shares of the company's stock, valued at $6,682,322.18. The trade was a 61.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,989,063 shares of company stock worth $1,583,673,412. Company insiders own 42.00% of the company's stock.

Dell Technologies Stock Up 0.9%

Dell Technologies stock traded up $1.1390 during mid-day trading on Monday, reaching $131.9790. 789,819 shares of the company's stock were exchanged, compared to its average volume of 7,036,776. The business's fifty day simple moving average is $127.76 and its 200 day simple moving average is $109.74. The firm has a market capitalization of $89.59 billion, a PE ratio of 21.05, a P/E/G ratio of 0.91 and a beta of 1.02. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a negative return on equity of 226.48% and a net margin of 4.63%.The firm had revenue of $23.38 billion during the quarter, compared to analysts' expectations of $23.17 billion. During the same period in the prior year, the business earned $1.27 earnings per share. The business's quarterly revenue was up 5.1% compared to the same quarter last year. Dell Technologies has set its Q2 2026 guidance at 2.250-2.25 EPS. FY 2026 guidance at 9.400-9.40 EPS. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Tuesday, July 22nd. Dell Technologies's dividend payout ratio is presently 33.49%.

Wall Street Analyst Weigh In

DELL has been the subject of several research analyst reports. Susquehanna reaffirmed a "neutral" rating and issued a $125.00 price target on shares of Dell Technologies in a research note on Wednesday, August 13th. TD Cowen increased their price target on Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a report on Friday, May 30th. Morgan Stanley increased their price target on Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a report on Thursday. JPMorgan Chase & Co. increased their price target on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, UBS Group cut their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Sixteen investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $144.06.

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).