M3 Advisory Group LLC Grows Stock Holdings in Dell Technologies Inc. $DELL

M3 Advisory Group LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 4.4% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,228 shares of the technology company’s stock after purchasing an additional 180 shares during the period. M3 Advisory Group LLC’s holdings in Dell Technologies were worth $518,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. LRI Investments LLC raised its holdings in shares of Dell Technologies by 16.8% during the second quarter. LRI Investments LLC now owns 4,781 shares of the technology company’s stock valued at $586,000 after purchasing an additional 688 shares during the last quarter. Alta Advisers Ltd bought a new position in Dell Technologies in the second quarter worth approximately $212,000. CWM LLC boosted its stake in shares of Dell Technologies by 95.2% during the 2nd quarter. CWM LLC now owns 35,337 shares of the technology company’s stock worth $4,332,000 after acquiring an additional 17,232 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its stake in shares of Dell Technologies by 36.3% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 38,244 shares of the technology company’s stock worth $4,692,000 after acquiring an additional 10,193 shares during the last quarter. Finally, Concurrent Investment Advisors LLC increased its stake in shares of Dell Technologies by 149.8% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 15,450 shares of the technology company’s stock worth $1,894,000 after purchasing an additional 9,266 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’s stock in a transaction on 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. In the last 90 days, insiders have sold 4,734,418 shares of company stock valued at $666,089,211. 42.00% of the stock is owned by company insiders.

Dell Technologies Price Performance

DELL opened at $150.67 on Monday. The company has a 50 day simple moving average of $133.98 and a two-hundred day simple moving average of $117.11. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10. The firm has a market cap of $101.31 billion, a P/E ratio of 22.16, a PEG ratio of 1.03 and a beta of 1.05.

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

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. Dell Technologies’s dividend payout ratio is currently 30.88%.

Analysts Set New Price Targets

Several research firms have recently commented on DELL. Citigroup upped their price objective on Dell Technologies from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday. Daiwa Capital Markets upped their price objective on Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Weiss Ratings restated a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Wall Street Zen upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Finally, Raymond James Financial upped their price target on shares of Dell Technologies from $150.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

Dell Technologies 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).