Bleakley Financial Group LLC Has $1.50 Million Stock Position in Dell Technologies Inc. $DELL

Bleakley Financial Group LLC grew its position in Dell Technologies Inc. (NYSE:DELL) by 18.4% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 12,193 shares of the technology company’s stock after buying an additional 1,894 shares during the period. Bleakley Financial Group LLC’s holdings in Dell Technologies were worth $1,495,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Central Pacific Bank Trust Division bought a new position in shares of Dell Technologies in the 2nd quarter worth $29,000. Smallwood Wealth Investment Management LLC bought a new position in shares of Dell Technologies in the 1st quarter worth $25,000. N.E.W. Advisory Services LLC bought a new position in shares of Dell Technologies in the 1st quarter worth $26,000. Cheviot Value Management LLC bought a new position in shares of Dell Technologies in the 1st quarter worth $27,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Dell Technologies in the 1st quarter worth $27,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms have recently issued reports on DELL. Wall Street Zen upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Daiwa Capital Markets raised their price target on Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Fox Advisors lowered Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. Sanford C. Bernstein raised their price target on Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Finally, Morgan Stanley lifted their target price on Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.80.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the business’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total value of $80,739,838.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director William D. Green sold 42,736 shares of the business’s stock in a transaction dated 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 sale, the director owned 47,619 shares in the company, valued at approximately $7,619,040. This trade represents a 47.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,617,755 shares of company stock valued at $653,694,973. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Trading Up 2.9%

DELL stock opened at $158.67 on Friday. The business’s 50-day moving average price is $137.17 and its two-hundred day moving average price is $121.35. The firm has a market cap of $106.68 billion, a PE ratio of 23.33, a P/E/G ratio of 1.05 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 posted its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The firm had revenue of $26.43 billion for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s payout ratio is 30.88%.

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).