PDS Planning Inc Invests $217,000 in Dell Technologies Inc. $DELL

Key Points

• PDS Planning Inc has invested approximately $217,000 in Dell Technologies, acquiring 1,769 shares during the second quarter.
• Recent insider transactions show significant sales, with over 4.5 million shares worth around $644 million sold by corporate insiders in the last three months.
• The company reported earnings of $1.68 per share for the last quarter and set its FY24 guidance between $6.10 and $6.50 EPS.

PDS Planning Inc acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,769 shares of the technology company's stock, valued at approximately $217,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Boston Partners grew its holdings in shares of Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after buying an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after buying an additional 1,145,658 shares in the last quarter. Deutsche Bank AG grew its holdings in Dell Technologies by 38.1% in the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after buying an additional 1,142,012 shares during the period. Alkeon Capital Management LLC grew its holdings in Dell Technologies by 41.4% in the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company's stock valued at $289,657,000 after buying an additional 931,032 shares during the period. Finally, Auto Owners Insurance Co grew its holdings in Dell Technologies by 18,732.9% in the first quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock valued at $71,188,000 after purchasing an additional 776,853 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were 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. Over the last three months, insiders sold 4,561,318 shares of company stock valued at $644,276,880. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $153.42 on Tuesday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10. The business has a 50-day moving average of $134.44 and a 200-day moving average of $117.53. The company 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 (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The firm had revenue of $26.43 billion during 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. Research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal 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 given 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 is presently 30.88%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DELL. Morgan Stanley boosted their price objective on shares of Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Susquehanna boosted their price target on Dell Technologies from $120.00 to $130.00 and gave the company a "neutral" rating in a research report on Wednesday, October 8th. Weiss Ratings reissued a "hold (c+)" rating on shares of Dell Technologies in a research report on Wednesday, October 8th. Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, Mizuho boosted their target price on Dell Technologies from $160.00 to $170.00 and gave the stock an "outperform" rating in a report on Wednesday, October 8th. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and an average price target of $160.79.

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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