Bogart Wealth LLC Grows Position in Dell Technologies Inc. $DELL

Bogart Wealth LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 12.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,462 shares of the technology company’s stock after acquiring an additional 164 shares during the quarter. Bogart Wealth LLC’s holdings in Dell Technologies were worth $179,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC lifted its position in shares of Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock worth $224,000 after buying an additional 506 shares in the last quarter. First Hawaiian Bank increased its position in shares of Dell Technologies by 67.1% during the first quarter. First Hawaiian Bank now owns 34,878 shares of the technology company’s stock valued at $3,179,000 after acquiring an additional 14,010 shares during the last quarter. Carolina Wealth Advisors LLC bought a new stake in Dell Technologies during the second quarter worth $8,869,000. Mather Group LLC. boosted its position in Dell Technologies by 113.3% in the first quarter. Mather Group LLC. now owns 1,043 shares of the technology company’s stock worth $95,000 after purchasing an additional 554 shares during the last quarter. Finally, Westbourne Investments Inc. grew its stake in Dell Technologies by 167.5% in the 1st quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company’s stock valued at $1,988,000 after purchasing an additional 13,657 shares during the period. 76.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DELL. Argus lifted their target price on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. UBS Group lifted their price objective on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Wells Fargo & Company increased their target price on shares of Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. The Goldman Sachs Group lifted their price target on shares of Dell Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Cowen reissued a “hold” rating on shares of Dell Technologies in a report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $160.79.

Dell Technologies Stock Performance

NYSE:DELL opened at $147.91 on Tuesday. The business’s fifty day moving average is $136.10 and its 200 day moving average is $119.80. The firm has a market cap of $99.45 billion, a price-to-earnings ratio of 21.75, a PEG ratio of 1.02 and a beta of 1.05. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $166.10.

Dell Technologies (NYSE:DELL) last posted 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 business had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of Dell Technologies stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total transaction of $80,739,838.52. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Ellen Jamison Kullman sold 79,806 shares of the business’s stock in a transaction dated Wednesday, October 15th. The stock was sold at an average price of $153.56, for a total value of $12,255,009.36. Following the transaction, the director owned 65,662 shares of the company’s stock, valued at approximately $10,083,056.72. The trade was a 54.86% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,617,755 shares of company stock worth $653,694,973. Company insiders own 42.00% of the company’s stock.

Dell Technologies Company 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).