D.A. Davidson & CO. Increases Stock Holdings in Dell Technologies Inc. $DELL

D.A. Davidson & CO. boosted its position in Dell Technologies Inc. (NYSE:DELL) by 89.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 12,838 shares of the technology company’s stock after purchasing an additional 6,056 shares during the quarter. D.A. Davidson & CO.’s holdings in Dell Technologies were worth $1,574,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of DELL. Brighton Jones LLC raised its position in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after buying an additional 901 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Dell Technologies by 94.8% in the 1st quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company’s stock valued at $539,000 after acquiring an additional 2,878 shares in the last quarter. Creative Financial Designs Inc. ADV raised its holdings in shares of Dell Technologies by 124.7% in the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the technology company’s stock valued at $94,000 after acquiring an additional 570 shares in the last quarter. Transcend Capital Advisors LLC raised its holdings in shares of Dell Technologies by 12.7% in the 1st quarter. Transcend Capital Advisors LLC now owns 2,279 shares of the technology company’s stock valued at $208,000 after acquiring an additional 257 shares in the last quarter. Finally, 3Chopt Investment Partners LLC purchased a new stake in Dell Technologies in the first quarter valued at approximately $316,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on DELL. Bank of America raised their price objective on shares of Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Barclays raised their price target on Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Fox Advisors downgraded Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. The Goldman Sachs Group raised their price target on Dell Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Finally, TD Cowen raised their price objective on Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.80.

Dell Technologies Trading Up 2.9%

DELL opened at $158.67 on Monday. The business’s 50-day moving average price is $137.17 and its 200-day moving average price is $121.95. The company has a market cap of $106.68 billion, a P/E ratio of 23.33, a P/E/G ratio of 1.08 and a beta of 1.05. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $166.10.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 EPS 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 for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared 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 1.3%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s payout ratio is currently 30.88%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,617,755 shares of company stock worth $653,694,973. 42.00% of the stock is owned by company insiders.

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).