Ashton Thomas Private Wealth LLC Invests $364,000 in Dell Technologies Inc. $DELL

Ashton Thomas Private Wealth LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,972 shares of the technology company’s stock, valued at approximately $364,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Boston Partners lifted its position in Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after purchasing an additional 1,312,600 shares during the period. Vanguard Group Inc. raised its position in Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock valued at $2,653,032,000 after acquiring an additional 1,145,658 shares in the last quarter. Deutsche Bank AG grew its stake in shares of Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after purchasing an additional 1,142,012 shares during the period. Alkeon Capital Management LLC lifted its stake in shares of Dell Technologies by 41.4% in the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock valued at $289,657,000 after purchasing an additional 931,032 shares during the period. Finally, Auto Owners Insurance Co boosted its holdings in Dell Technologies by 18,732.9% during the first quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company’s stock worth $71,188,000 after buying an additional 776,853 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Price Performance

DELL stock opened at $162.04 on Friday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $167.94. The firm has a market capitalization of $108.95 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.10 and a beta of 1.05. The business has a 50 day simple moving average of $140.24 and a 200-day simple moving average of $124.46.

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

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.3%. Dell Technologies’s payout ratio is 30.88%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Raymond James Financial upped their target price on Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Wall Street Zen raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Cowen reiterated a “hold” rating on shares of Dell Technologies in a research report on Friday, August 29th. Finally, Evercore ISI upped their price target 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. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $161.80.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The SEC filing for this sale provides additional information. Insiders sold a total of 4,587,755 shares of company stock worth $649,644,973 over the last quarter. 42.00% of the stock is currently 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).