Dell Technologies Inc. $DELL Shares Bought by Nvwm LLC

Nvwm LLC grew its position in Dell Technologies Inc. (NYSE:DELL) by 7.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,726 shares of the technology company’s stock after purchasing an additional 1,671 shares during the quarter. Nvwm LLC’s holdings in Dell Technologies were worth $2,786,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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 valued at $27,000 after acquiring an additional 100 shares during the period. Cary Street Partners Financial LLC grew its position in shares of Dell Technologies by 2.7% during the first quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock worth $395,000 after acquiring an additional 116 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of Dell Technologies by 16.4% in the 2nd quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock valued at $108,000 after acquiring an additional 124 shares during the period. Finally, OneAscent Financial Services LLC grew its position in Dell Technologies by 3.4% during 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 last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on DELL. Cowen reiterated a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. UBS Group boosted their price objective on shares of Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Mizuho raised their target price on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Sanford C. Bernstein increased their price target on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Finally, Wall Street Zen raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One equities research 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 stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

Dell Technologies Trading Down 2.0%

NYSE DELL opened at $149.32 on Friday. The company has a market capitalization of $100.40 billion, a PE ratio of 21.96, a price-to-earnings-growth ratio of 1.04 and a beta of 1.02. The business’s 50-day moving average price is $141.98 and its 200 day moving average price is $126.39. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $168.08.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The business had revenue of $26.43 billion for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were given 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 1.4%. Dell Technologies’s dividend payout ratio is presently 30.88%.

Insider Buying and Selling at Dell Technologies

In other news, Director Lake Group L.L.C. Silver sold 6,617 shares of the business’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total transaction of $1,003,335.71. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 4,587,755 shares of company stock worth $649,644,973. Insiders own 42.00% of the company’s stock.

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).