Dell Technologies Inc. $DELL Shares Bought by Praxis Investment Management Inc.

Praxis Investment Management Inc. lifted its position in Dell Technologies Inc. (NYSE:DELL) by 11.2% in the 2nd quarter, Holdings Channel.com reports. The fund owned 8,240 shares of the technology company’s stock after acquiring an additional 830 shares during the period. Praxis Investment Management Inc.’s holdings in Dell Technologies were worth $1,010,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Exchange Traded Concepts LLC lifted its holdings in shares of Dell Technologies by 25.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock worth $224,000 after purchasing an additional 506 shares during the last quarter. First Hawaiian Bank lifted its holdings in shares of Dell Technologies by 67.1% in the 1st quarter. First Hawaiian Bank now owns 34,878 shares of the technology company’s stock worth $3,179,000 after purchasing an additional 14,010 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in shares of Dell Technologies in the 2nd quarter worth approximately $8,869,000. Mather Group LLC. lifted its holdings in shares of Dell Technologies by 113.3% in the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company’s stock worth $95,000 after purchasing an additional 554 shares during the last quarter. Finally, Westbourne Investments Inc. lifted its holdings in shares of Dell Technologies by 167.5% in the 1st quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company’s stock worth $1,988,000 after purchasing an additional 13,657 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the company. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dell Technologies in a research report on Wednesday, October 8th. Daiwa Capital Markets boosted their price target on Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Mizuho boosted their price target on Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. UBS Group boosted their price target on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Barclays boosted their price target on Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

Dell Technologies Stock Performance

DELL opened at $149.57 on Friday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $166.10. The stock’s fifty day moving average is $135.90 and its 200-day moving average is $118.81. The company has a market capitalization of $100.57 billion, a PE ratio of 22.00, a P/E/G ratio of 1.03 and a beta of 1.05.

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

Dell Technologies Dividend Announcement

The business 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 dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. Dell Technologies’s payout ratio is 30.88%.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the business’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total transaction of $80,739,838.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William D. Green sold 42,736 shares of the business’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total value of $6,837,760.00. Following the sale, the director directly owned 47,619 shares in the company, valued at $7,619,040. This trade represents a 47.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,617,755 shares of company stock valued at $653,694,973 over the last ninety days. Company insiders own 42.00% of the company’s stock.

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).