Empirical Asset Management LLC Invests $683,000 in Dell Technologies Inc. $DELL

Empirical Asset Management LLC bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the second quarter, HoldingsChannel.com reports. The institutional investor bought 5,573 shares of the technology company’s stock, valued at approximately $683,000.

A number of other large investors also recently made changes to their positions in DELL. Boston Partners grew its position in Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock worth $466,418,000 after buying an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. grew its position in Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after buying an additional 1,145,658 shares in the last quarter. Deutsche Bank AG grew its position in Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after buying an additional 1,142,012 shares in the last quarter. Alkeon Capital Management LLC grew its position in Dell Technologies by 41.4% during the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock worth $289,657,000 after buying an additional 931,032 shares in the last quarter. Finally, Auto Owners Insurance Co grew its position in Dell Technologies by 18,732.9% during the first quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company’s stock worth $71,188,000 after buying an additional 776,853 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. JPMorgan Chase & Co. increased their price target on Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Susquehanna increased their price target on Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. TD Cowen raised their target price on Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Argus raised their target price on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Finally, Evercore ISI raised their target price on Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, August 15th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $160.79.

Dell Technologies Stock Down 1.7%

NYSE DELL opened at $151.07 on Friday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $166.10. The company has a market cap of $101.57 billion, a price-to-earnings ratio of 22.22, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. The business’s fifty day moving average is $135.67 and its 200 day moving average is $118.41.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data 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 company had revenue of $26.43 billion for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

Insider Transactions at Dell Technologies

In related news, Director William D. Green sold 42,736 shares of the firm’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the sale, the director owned 47,619 shares of the company’s stock, valued at $7,619,040. This trade represents a 47.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of the firm’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total value of $2,969,467.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,537,949 shares of company stock worth $641,439,964. Insiders own 42.00% of the company’s stock.

About Dell Technologies

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).