Hilltop National Bank Invests $810,000 in Dell Technologies Inc. $DELL

Key Points

• Hilltop National Bank has invested $810,000 in Dell Technologies by acquiring 6,608 shares in Q2 2023.
• Wall Street analysts maintain a "Moderate Buy" consensus for Dell Technologies, with a target price of $148.67 and reports of recent price increases from multiple brokerages.
• Dell Technologies will pay a quarterly dividend of $0.525 per share on October 31st, indicating a commitment to returning value to shareholders.

Hilltop National Bank bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 6,608 shares of the technology company's stock, valued at approximately $810,000.

Other large investors also recently made changes to their positions in the company. Smallwood Wealth Investment Management LLC bought a new position in shares of Dell Technologies during the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in Dell Technologies during the first quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies during the first quarter worth approximately $27,000. Flaharty Asset Management LLC acquired a new stake in Dell Technologies during the first quarter worth approximately $27,000. Finally, Cullen Frost Bankers Inc. grew its position in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after buying an additional 222 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DELL. Evercore ISI increased their price target on Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. Morgan Stanley lifted their price target on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Fox Advisors lowered Dell Technologies from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 29th. Sanford C. Bernstein initiated coverage on Dell Technologies in a research note on Monday, September 15th. They issued an "outperform" rating and a $175.00 price target on the stock. Finally, Barclays lifted their price target on Dell Technologies from $131.00 to $133.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 17th. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $148.67.

Dell Technologies Stock Down 1.6%

NYSE DELL opened at $147.28 on Friday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $152.10. The company has a market cap of $99.03 billion, a price-to-earnings ratio of 21.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.04. The business's fifty day moving average is $131.65 and its 200 day moving average is $114.63.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.03. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The company had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. During the same quarter last year, the business posted $1.89 EPS. Dell Technologies's revenue for the quarter was up 19.0% on a year-over-year basis. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. On average, research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given 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 currently 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 stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm's stock in a transaction 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. Insiders sold a total of 3,204,462 shares of company stock valued at $420,370,484 in the last three months. Insiders own 42.00% of the company's stock.

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).

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.