Courier Capital LLC Has $1.15 Million Position in Dell Technologies Inc. $DELL

Courier Capital LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 9.9% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 9,368 shares of the technology company’s stock after purchasing an additional 842 shares during the quarter. Courier Capital LLC’s holdings in Dell Technologies were worth $1,149,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of DELL. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies during the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in Dell Technologies during the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new position in Dell Technologies during the first quarter valued at approximately $27,000. Flaharty Asset Management LLC acquired a new position in Dell Technologies during the first quarter valued at approximately $27,000. Finally, Cullen Frost Bankers Inc. grew its holdings in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock valued at $28,000 after purchasing an additional 222 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Down 3.0%

Shares of DELL stock opened at $148.77 on Wednesday. The company’s fifty day simple moving average is $134.81 and its 200-day simple moving average is $117.75. The firm has a market cap of $100.03 billion, a PE ratio of 21.88, a P/E/G ratio of 1.05 and a beta of 1.05. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $166.10.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The business had revenue of $26.43 billion for 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. On average, equities analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s payout ratio is currently 30.88%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director William D. Green sold 42,736 shares of the company’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the sale, the director directly owned 47,619 shares of the company’s stock, valued at approximately $7,619,040. This represents a 47.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 152,918 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $148.46, for a total transaction of $22,702,206.28. Following the sale, the director directly owned 1,243 shares in the company, valued at $184,535.78. This trade represents a 99.19% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 4,557,418 shares of company stock valued at $643,788,249 over the last 90 days. 42.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on DELL shares. TD Cowen boosted their price objective on shares of Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. KeyCorp assumed coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a “sector weight” rating for the company. Wells Fargo & Company upped their price target on shares of Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Susquehanna upped their price target on shares of Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Finally, UBS Group upped their price target on shares of Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price 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).