Roberts Glore & Co. Inc. IL Makes New Investment in Dell Technologies Inc. $DELL

Roberts Glore & Co. Inc. IL bought a new position in Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, HoldingsChannel reports. The fund bought 1,877 shares of the technology company’s stock, valued at approximately $230,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC boosted its position in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after purchasing an additional 901 shares during the period. Allworth Financial LP lifted its holdings in shares of Dell Technologies by 5.8% in the 1st quarter. Allworth Financial LP now owns 8,052 shares of the technology company’s stock valued at $760,000 after acquiring an additional 445 shares during the last quarter. Cerity Partners LLC boosted its holdings in shares of Dell Technologies by 23.8% in the 1st quarter. Cerity Partners LLC now owns 47,636 shares of the technology company’s stock worth $4,342,000 after purchasing an additional 9,165 shares during the period. Xponance Inc. increased its position in Dell Technologies by 2.1% during the first quarter. Xponance Inc. now owns 48,167 shares of the technology company’s stock valued at $4,390,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Arizona State Retirement System raised its position in Dell Technologies by 4.9% in the 1st quarter. Arizona State Retirement System now owns 94,708 shares of the technology company’s stock worth $8,633,000 after purchasing an additional 4,410 shares during the period. 76.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DELL shares. JPMorgan Chase & Co. upped their target price on Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Susquehanna boosted their price target on Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Sanford C. Bernstein upped their price target on shares of Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Bank of America increased their price target on shares of Dell Technologies from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Finally, Argus boosted their price objective on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $162.80.

Dell Technologies Stock Performance

Shares of DELL stock opened at $146.44 on Monday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $168.08. The company has a 50 day moving average price of $142.46 and a 200 day moving average price of $127.40. The stock has a market capitalization of $98.46 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.02.

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

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were given a $0.525 dividend. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.4%. Dell Technologies’s dividend payout ratio is 30.88%.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total value of $2,969,467.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William D. Green sold 42,736 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the completion of the transaction, the director directly owned 47,619 shares of the company’s stock, valued at $7,619,040. The trade was a 47.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 4,537,755 shares of company stock valued at $642,644,973. 42.00% of the stock is owned by 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).