Dell Technologies Inc. $DELL Shares Acquired by William Allan Corp

William Allan Corp lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 47.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 25,901 shares of the technology company’s stock after purchasing an additional 8,355 shares during the quarter. Dell Technologies comprises 1.8% of William Allan Corp’s portfolio, making the stock its 23rd largest position. William Allan Corp’s holdings in Dell Technologies were worth $3,175,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $29,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth approximately $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth approximately $27,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently commented on DELL. Argus raised their target price on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Daiwa Capital Markets raised their target price on Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Fox Advisors cut Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. Bank of America raised their target price on Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. Finally, UBS Group raised their target price on Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $161.80.

Insiders Place Their Bets

In related news, Director William D. Green sold 42,736 shares of Dell Technologies 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 completion of the sale, the director owned 47,619 shares of the company’s stock, valued at approximately $7,619,040. This trade represents a 47.30% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of Dell Technologies stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The disclosure for this sale can be found here. Insiders have sold a total of 4,587,755 shares of company stock valued at $649,644,973 over the last quarter. 42.00% of the stock is owned by insiders.

Dell Technologies Stock Up 2.3%

DELL opened at $162.30 on Tuesday. The firm has a market cap of $109.12 billion, a PE ratio of 23.87, a P/E/G ratio of 1.08 and a beta of 1.05. The business has a fifty day simple moving average of $137.66 and a 200-day simple moving average of $122.50. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $166.10.

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. 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. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

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).