Triton Financial Group Inc Buys Shares of 9,259 Dell Technologies Inc. $DELL

Key Points

• Triton Financial Group Inc has acquired 9,259 shares of Dell Technologies Inc, valued at approximately $1.135 million, reflecting growing institutional interest in the tech company.
• Dell Technologies reported a quarterly EPS of $1.68 with revenues of $26.43 billion, and has set its FY24 EPS guidance between $6.10 and $6.50.
• The company declared a quarterly dividend of $0.525 per share, resulting in an annualized dividend of $2.10 and a yield of 1.4%, highlighting its commitment to returning value to shareholders.

Triton Financial Group Inc bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 9,259 shares of the technology company's stock, valued at approximately $1,135,000.

Other large investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new stake in shares of Dell Technologies during the second quarter worth $29,000. Smallwood Wealth Investment Management LLC bought a new stake in shares of Dell Technologies during the first quarter worth $25,000. N.E.W. Advisory Services LLC bought a new stake in shares of Dell Technologies during the first quarter worth $26,000. Cheviot Value Management LLC bought a new stake in shares of Dell Technologies during the first quarter worth $27,000. Finally, Flaharty Asset Management LLC bought a new stake in shares of Dell Technologies during the first quarter worth $27,000. Institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $147.91 on Tuesday. The stock has a market cap of $99.45 billion, a P/E ratio of 21.75, a P/E/G ratio of 1.02 and a beta of 1.05. The company has a fifty day moving average price of $136.10 and a two-hundred day moving average price of $119.80. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $166.10.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The firm had revenue of $26.43 billion during the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DELL shares. Susquehanna increased their price objective on shares of Dell Technologies from $120.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. Bank of America raised their target price on shares of Dell Technologies from $167.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. Fox Advisors downgraded shares of Dell Technologies from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 29th. Wall Street Zen raised shares of Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Finally, UBS Group raised their target price on shares of Dell Technologies from $155.00 to $186.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $160.79.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the firm's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total transaction of $2,969,467.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of the firm's stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $151.63, for a total transaction of $1,003,335.71. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,617,755 shares of company stock valued at $653,694,973. 42.00% of the stock is owned by company insiders.

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).

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