Dell Technologies Inc. $DELL Position Increased by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 13.8% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,799 shares of the technology company’s stock after acquiring an additional 460 shares during the quarter. Prosperity Consulting Group LLC’s holdings in Dell Technologies were worth $466,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Tradewinds Capital Management LLC boosted its position in shares of 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 purchasing an additional 100 shares during the period. Westside Investment Management Inc. boosted its holdings in shares of Dell Technologies by 84.7% in the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares during the period. Cary Street Partners Financial LLC boosted its holdings 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 worth $395,000 after buying an additional 116 shares during the period. Blue Trust Inc. boosted its holdings 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 worth $108,000 after buying an additional 124 shares during the period. Finally, OneAscent Financial Services LLC boosted its stake in Dell Technologies by 3.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock worth $345,000 after purchasing an additional 125 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently commented on DELL. Daiwa Capital Markets raised their price objective on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. UBS Group raised their target price on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Sanford C. Bernstein raised their target price on Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Wells Fargo & Company raised their price objective on Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Finally, Barclays raised their price objective on Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $162.80.

Dell Technologies Trading Down 1.4%

Shares of Dell Technologies stock opened at $152.44 on Thursday. The firm has a fifty day simple moving average of $141.69 and a 200-day simple moving average of $126.23. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $168.08. The stock has a market capitalization of $102.50 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.05 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last posted 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 business had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed 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 was Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. Dell Technologies’s dividend payout ratio is currently 30.88%.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction 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 Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 4,587,755 shares of company stock valued at $649,644,973. Corporate 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).