PDS Planning Inc Invests $217,000 in Dell Technologies Inc. $DELL

PDS Planning Inc purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, Holdings Channel reports. The institutional investor purchased 1,769 shares of the technology company’s stock, valued at approximately $217,000.

A number of other large investors also recently bought and sold shares of the company. Blue Trust Inc. lifted its holdings in Dell Technologies by 16.4% during the 2nd quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock worth $108,000 after buying an additional 124 shares during the last quarter. Argyle Capital Management LLC lifted its stake in Dell Technologies by 2.4% during the second quarter. Argyle Capital Management LLC now owns 19,896 shares of the technology company’s stock worth $2,439,000 after purchasing an additional 461 shares during the last quarter. Coordinated Financial Services Inc. bought a new position in Dell Technologies during the second quarter worth $303,000. IFP Advisors Inc lifted its position in shares of Dell Technologies by 76.4% in the 2nd quarter. IFP Advisors Inc now owns 13,266 shares of the technology company’s stock worth $1,631,000 after buying an additional 5,745 shares during the last quarter. Finally, Callan Family Office LLC bought a new position in shares of Dell Technologies in the 2nd quarter worth about $690,000. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $153.42 on Tuesday. The business’s fifty day moving average price is $134.44 and its two-hundred day moving average price is $117.53. The company has a market capitalization of $103.16 billion, a P/E ratio of 22.56, a PEG ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10.

Dell Technologies (NYSE:DELL) last announced its earnings results 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 firm had revenue of $26.43 billion for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total transaction of $2,969,467.76. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director William D. Green sold 42,736 shares of the business’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total value of $6,837,760.00. Following the completion of the sale, the director directly owned 47,619 shares in the company, valued at $7,619,040. This represents a 47.30% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 4,561,318 shares of company stock worth $644,276,880. 42.00% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Mizuho raised their price target on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Barclays raised their target price 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. Wells Fargo & Company raised their price target on Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. JPMorgan Chase & Co. raised their price target on Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, Evercore ISI raised their target price on Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. Seventeen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $160.79.

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).