Carnegie Investment Counsel Acquires Shares of 1,841 Dell Technologies Inc. $DELL

Carnegie Investment Counsel acquired a new stake in Dell Technologies Inc. (NYSE:DELL) in the second quarter, HoldingsChannel reports. The institutional investor acquired 1,841 shares of the technology company’s stock, valued at approximately $226,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Tradewinds Capital Management LLC boosted its position in Dell Technologies by 4.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock valued at $261,000 after buying an additional 100 shares during the last quarter. Cary Street Partners Financial LLC boosted its position in Dell Technologies by 2.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock valued at $395,000 after buying an additional 116 shares during the last quarter. Blue Trust Inc. boosted its position in Dell Technologies by 16.4% in the 2nd quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock valued at $108,000 after buying an additional 124 shares during the last quarter. OneAscent Financial Services LLC boosted its position in Dell Technologies by 3.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock valued at $345,000 after buying an additional 125 shares during the last quarter. Finally, MRP Capital Investments LLC raised its stake in shares of Dell Technologies by 0.8% in the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock valued at $1,365,000 after purchasing an additional 125 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Mizuho upped their target price on shares of Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Zacks Research upgraded shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Sanford C. Bernstein upped their target price on shares of Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Finally, Fox Advisors lowered shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 29th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.80.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were 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. Insiders sold 4,617,755 shares of company stock valued at $653,694,973 over the last quarter. Insiders own 42.00% of the company’s stock.

Dell Technologies Trading Up 2.9%

NYSE DELL opened at $158.67 on Monday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The stock has a market cap of $106.68 billion, a price-to-earnings ratio of 23.33, a price-to-earnings-growth ratio of 1.08 and a beta of 1.05. The company has a 50-day moving average price of $137.17 and a two-hundred day moving average price of $121.95.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, October 5th. The technology company reported $1.68 EPS 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. As a group, equities 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 disclosed 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. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.3%. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

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).