Stephens Inc. AR Raises Position in Dell Technologies Inc. $DELL

Stephens Inc. AR increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 1.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 8,078 shares of the technology company’s stock after acquiring an additional 146 shares during the quarter. Stephens Inc. AR’s holdings in Dell Technologies were worth $990,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Tradewinds Capital Management LLC lifted its stake in shares of Dell Technologies by 4.9% in the second quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock worth $261,000 after acquiring an additional 100 shares in the last quarter. Cary Street Partners Financial LLC lifted its stake in shares of Dell Technologies by 2.7% in the first quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock worth $395,000 after acquiring an additional 116 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Dell Technologies by 16.4% in the second quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock worth $108,000 after acquiring an additional 124 shares in the last quarter. OneAscent Financial Services LLC lifted its stake in shares of Dell Technologies by 3.4% in the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock worth $345,000 after acquiring an additional 125 shares in the last quarter. Finally, MRP Capital Investments LLC lifted its stake in shares of Dell Technologies by 0.8% in the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock worth $1,365,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Trading Up 2.9%

NYSE:DELL opened at $158.67 on Friday. The firm has a market capitalization of $106.68 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. The stock has a 50 day moving average of $137.17 and a 200-day moving average of $121.35. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The business had revenue of $26.43 billion during 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. As a group, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

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

Insiders Place Their Bets

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction on Monday, September 22nd. The stock was 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 can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,617,755 shares of company stock valued at $653,694,973. 42.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Raymond James Financial upped their price objective on Dell Technologies from $152.00 to $161.00 and gave the company an “outperform” rating in a research note on Tuesday. Cowen restated a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. JPMorgan Chase & Co. upped their price objective on Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Morgan Stanley upped their price objective on Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Susquehanna upped their price objective on Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $161.80.

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).