Y Intercept Hong Kong Ltd Takes Position in Dell Technologies Inc. $DELL

Y Intercept Hong Kong Ltd acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 83,723 shares of the technology company’s stock, valued at approximately $10,264,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Tradewinds Capital Management LLC raised its stake 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 acquiring an additional 100 shares during the period. Cary Street Partners Financial LLC raised its position 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 valued at $395,000 after purchasing an additional 116 shares during the period. Blue Trust Inc. raised its position 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 valued at $108,000 after purchasing an additional 124 shares during the period. OneAscent Financial Services LLC raised its position 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 valued at $345,000 after purchasing an additional 125 shares during the period. Finally, MRP Capital Investments LLC raised its position 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 valued at $1,365,000 after purchasing an additional 125 shares during the period. Institutional investors own 76.37% of the company’s stock.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies 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 three months, insiders sold 4,617,755 shares of company stock worth $653,694,973. Insiders own 42.00% of the company’s stock.

Dell Technologies Price Performance

Dell Technologies stock opened at $158.67 on Monday. The stock’s fifty day moving average price is $137.17 and its two-hundred day moving average price is $121.95. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $166.10. The firm has a market cap of $106.68 billion, a PE ratio of 23.33, a price-to-earnings-growth ratio of 1.08 and a beta of 1.05.

Dell Technologies (NYSE:DELL) last issued 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 company had revenue of $26.43 billion for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be issued a $0.525 dividend. This represents a $2.10 annualized dividend 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 currently 30.88%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Cowen reissued a “hold” rating on shares of Dell Technologies in a report on Friday, August 29th. Evercore ISI increased their target price on Dell Technologies from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, August 15th. Argus increased their target price on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Susquehanna increased their target price on Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Finally, Sanford C. Bernstein increased their price objective on Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target 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).