World Investment Advisors Purchases 1,289 Shares of Dell Technologies Inc. $DELL

World Investment Advisors raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 45.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,113 shares of the technology company’s stock after acquiring an additional 1,289 shares during the quarter. World Investment Advisors’ holdings in Dell Technologies were worth $504,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Jennison Associates LLC raised its stake in Dell Technologies by 13.0% during the 2nd quarter. Jennison Associates LLC now owns 410,424 shares of the technology company’s stock valued at $50,318,000 after purchasing an additional 47,239 shares during the period. Stuart Chaussee & Associates Inc. purchased a new stake in Dell Technologies during the 2nd quarter valued at approximately $143,000. Planning Directions Inc. bought a new stake in shares of Dell Technologies during the second quarter valued at approximately $310,000. New York Life Investment Management LLC lifted its holdings in shares of Dell Technologies by 7.6% in the second quarter. New York Life Investment Management LLC now owns 45,618 shares of the technology company’s stock worth $5,593,000 after buying an additional 3,217 shares in the last quarter. Finally, Howard Capital Management Inc. boosted its position in shares of Dell Technologies by 21.2% during the second quarter. Howard Capital Management Inc. now owns 5,452 shares of the technology company’s stock worth $668,000 after acquiring an additional 954 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 6,617 shares of the firm’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total value of $1,003,335.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William D. Green sold 42,736 shares of the company’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the transaction, the director directly owned 47,619 shares in the company, valued at approximately $7,619,040. This represents a 47.30% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 4,587,755 shares of company stock worth $649,644,973. 42.00% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Shares of DELL stock opened at $162.04 on Monday. The company has a market cap of $108.95 billion, a PE ratio of 23.83, a price-to-earnings-growth ratio of 1.11 and a beta of 1.02. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $167.94. The stock’s 50 day simple moving average is $140.24 and its two-hundred day simple moving average is $125.03.

Dell Technologies (NYSE:DELL) last announced its 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 firm had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were paid a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.3%. Dell Technologies’s dividend payout ratio is currently 30.88%.

Wall Street Analyst Weigh In

A number of analysts have issued reports on DELL shares. Morgan Stanley lifted their price target on shares of Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, October 8th. Piper Sandler initiated coverage on Dell Technologies in a research report on Tuesday, October 21st. They issued an “overweight” rating and a $172.00 target price on the stock. Daiwa Capital Markets lifted their price objective on Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. Finally, Zacks Research raised Dell Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $161.80.

Dell Technologies Company 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).