Mutual Advisors LLC Takes $243,000 Position in Dell Technologies Inc. $DELL

Mutual Advisors LLC acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,852 shares of the technology company’s stock, valued at approximately $243,000.

A number of other hedge funds have also recently made changes to their positions in DELL. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies during the first quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new position in shares of Dell Technologies during the first quarter valued at about $26,000. Cheviot Value Management LLC purchased a new position in Dell Technologies during the first quarter worth about $27,000. Flaharty Asset Management LLC bought a new stake in Dell Technologies in the 1st quarter worth about $27,000. Finally, Cullen Frost Bankers Inc. grew its position in Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after purchasing an additional 222 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of DELL stock opened at $149.45 on Wednesday. The firm has a market cap of $100.48 billion, a price-to-earnings ratio of 21.98, a P/E/G ratio of 1.01 and a beta of 1.05. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The firm’s 50-day simple moving average is $136.25 and its two-hundred day simple moving average is $120.00.

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. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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 annualized dividend and a dividend yield of 1.4%. Dell Technologies’s dividend payout ratio (DPR) is presently 30.88%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Barclays upped their price objective on shares of Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Evercore ISI upped their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Fox Advisors downgraded shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. Finally, Citigroup lifted their price objective on shares of Dell Technologies from $160.00 to $175.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $161.80.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale can be found here. Insiders sold 4,617,755 shares of company stock valued at $653,694,973 in the last quarter. Corporate insiders own 42.00% of the company’s stock.

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).