Hamilton Point Investment Advisors LLC Raises Stock Holdings in Dell Technologies Inc. $DELL

Key Points

• Hamilton Point Investment Advisors LLC increased its stake in Dell Technologies by an impressive 1,805.5%, now owning 47,143 shares valued at approximately $5.78 million as of the latest reporting period.
• Insiders sold a combined 4.56 million shares of Dell Technologies stock worth around $644 million over the past three months, indicating significant insider activity.
• Dell Technologies announced a quarterly dividend of $0.525, with a yield of 1.4%, payable on October 31st to shareholders on record as of October 21st.

Hamilton Point Investment Advisors LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 1,805.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,143 shares of the technology company's stock after acquiring an additional 44,669 shares during the period. Hamilton Point Investment Advisors LLC's holdings in Dell Technologies were worth $5,780,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of DELL. Brighton Jones LLC grew its position in Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after buying an additional 901 shares during the last quarter. GAMMA Investing LLC raised 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 worth $539,000 after purchasing an additional 2,878 shares during the period. CX Institutional acquired a new stake in shares of Dell Technologies in the first quarter worth $174,000. Elevation Point Wealth Partners LLC raised its position in Dell Technologies by 23.5% in the first quarter. Elevation Point Wealth Partners LLC now owns 6,812 shares of the technology company's stock valued at $621,000 after purchasing an additional 1,295 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its holdings in Dell Technologies by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock worth $5,417,000 after acquiring an additional 4,977 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the firm's stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total transaction of $80,739,838.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of the stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total transaction of $2,969,467.76. The disclosure for this sale can be found here. Insiders sold 4,561,318 shares of company stock valued at $644,276,880 over the last three months. 42.00% of the stock is owned by corporate insiders.

Dell Technologies Stock Up 1.9%

Shares of NYSE DELL opened at $153.42 on Tuesday. The stock's fifty day simple moving average is $134.44 and its 200 day simple moving average is $117.53. The stock has a market capitalization of $103.16 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $166.10.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share 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 for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend 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%.

Wall Street Analysts Forecast Growth

DELL has been the topic of several recent analyst reports. Bank of America boosted their price target on Dell Technologies from $167.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday, October 1st. Morgan Stanley boosted their price objective on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. TD Cowen lifted their price objective on shares of Dell Technologies from $130.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, October 8th. The Goldman Sachs Group boosted 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. Finally, Daiwa Capital Markets upped their price target on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average price target of $160.79.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.