D.A. Davidson & CO. Has $1.57 Million Position in Dell Technologies Inc. $DELL

D.A. Davidson & CO. boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 89.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 12,838 shares of the technology company’s stock after purchasing an additional 6,056 shares during the quarter. D.A. Davidson & CO.’s holdings in Dell Technologies were worth $1,574,000 at the end of the most recent reporting period.

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

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The disclosure for this sale can be found here. Insiders sold a total of 4,617,755 shares of company stock worth $653,694,973 in the last 90 days. Company insiders own 42.00% of the company’s stock.

Dell Technologies Trading Up 2.9%

Shares of Dell Technologies stock opened at $158.67 on Monday. The business has a 50-day moving average price of $137.17 and a two-hundred day moving average price of $121.95. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10. The company has a market cap of $106.68 billion, a P/E ratio of 23.33, a PEG ratio of 1.08 and a beta of 1.05.

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

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.3%. Dell Technologies’s payout ratio is 30.88%.

Wall Street Analyst Weigh In

Several research analysts have commented on DELL shares. Wells Fargo & Company boosted their target price on Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. UBS Group upped their price objective on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Raymond James Financial upped their price objective on shares of Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. The Goldman Sachs Group upped their price target on shares of Dell Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Barclays upped their price target on shares of Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average price target of $161.80.

Dell Technologies Company 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).