Heartland Bank & Trust Co acquired a new stake in Dell Technologies Inc. (NYSE:DELL – Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,301 shares of the technology company’s stock, valued at approximately $561,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at approximately $38,000. Atwood & Palmer Inc. boosted its stake in Dell Technologies by 860.0% during the second quarter. Atwood & Palmer Inc. now owns 96 shares of the technology company’s stock worth $41,000 after buying an additional 86 shares during the last quarter. Allied Private Wealth LLC purchased a new stake in Dell Technologies in the 2nd quarter valued at $63,000. Elevation Wealth Partners LLC increased its stake in shares of Dell Technologies by 5,900.0% in the 2nd quarter. Elevation Wealth Partners LLC now owns 180 shares of the technology company’s stock worth $78,000 after acquiring an additional 177 shares during the last quarter. Finally, Commonwealth Retirement Investments LLC purchased a new position in shares of Dell Technologies during the 4th quarter worth $25,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.
Dell Technologies Price Performance
NYSE DELL opened at $441.98 on Friday. The firm’s 50-day moving average is $428.31 and its two-hundred day moving average is $284.54. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $514.00. The stock has a market capitalization of $286.45 billion, a P/E ratio of 35.11, a PEG ratio of 0.91 and a beta of 1.33.
Dell Technologies Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. Dell Technologies’s payout ratio is presently 20.02%.
Insiders Place Their Bets
In other news, Director Spv-2 L.P. Sl sold 175,901 shares of the firm’s stock in a transaction on Monday, June 1st. The stock was sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the completion of the transaction, the director directly owned 36,659 shares in the company, valued at $16,789,455.41. This trade represents a 82.75% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $457.99, for a total value of $86,928,791.95. Following the completion of the sale, the director owned 24,287 shares in the company, valued at $11,123,203.13. This represents a 88.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,434,758 shares of company stock worth $1,448,870,683 over the last 90 days. 41.50% of the stock is owned by insiders.
Wall Street Analyst Weigh In
DELL has been the subject of a number of analyst reports. Daiwa Securities Group upped their price objective on shares of Dell Technologies from $170.00 to $465.00 and gave the company an “outperform” rating in a report on Tuesday, June 2nd. Roth Capital initiated coverage on shares of Dell Technologies in a research note on Friday, May 29th. They set a “buy” rating on the stock. Citic Securities increased their price target on shares of Dell Technologies from $160.00 to $505.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Raymond James Financial downgraded shares of Dell Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, May 29th. Finally, Sanford C. Bernstein upped their price objective on Dell Technologies from $280.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $496.71.
Get Our Latest Analysis on Dell Technologies
More Dell Technologies News
Here are the key news stories impacting Dell Technologies this week:
- Positive Sentiment: Analyst coverage highlights Dell as a potential beneficiary of accelerating AI data-center investment beyond GPUs, including demand for servers, networking, storage, optics, power and cooling. The Zacks Analyst Blog Highlights Dell, Celestica, Lumentum and Vertiv
- Positive Sentiment: Dell is targeting AI-storage growth with an ObjectScale system offering up to 9.83 petabytes in a 2U configuration, potentially strengthening its position in enterprise AI infrastructure. Dell Targets AI Storage Growth With 9.83PB ObjectScale System
- Positive Sentiment: A memorandum of understanding with Emarat is intended to accelerate AI adoption and digital transformation, creating potential long-term enterprise demand for Dell’s technology and services. Emarat, Dell Technologies collaborate to accelerate AI-enabled transformation
- Positive Sentiment: Renewing Dell’s Team Liquid partnership could support Alienware’s gaming brand as it competes with HP and Corsair in premium PCs and peripherals. Can Team Liquid Partnership Strengthen DELL Against HPQ and CRSR?
- Neutral Sentiment: A covered-call strategy is being promoted as a way to generate substantial income from DELL shares, but it caps upside if the stock rises above the option strike and is not a change to Dell’s fundamentals. Own DELL Stock? Here Is How To Collect 21% a Year On It
- Negative Sentiment: An analyst downgraded Dell ahead of its second-quarter earnings preview, indicating concern that high expectations or valuation may limit further gains. I’m Downgrading Dell Ahead Of Q2 Earnings
- Negative Sentiment: Dell recently fell sharply even as the broader market advanced, highlighting elevated volatility and profit-taking risk after a major rally. Dell Technologies Stock Slides as Market Rises
Dell Technologies Profile
Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.
Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.
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