Paradigm Asset Management Co. LLC Makes New $1.47 Million Investment in Dell Technologies Inc. $DELL

Paradigm Asset Management Co. LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 12,000 shares of the technology company’s stock, valued at approximately $1,471,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in DELL. Penserra Capital Management LLC increased its holdings in shares of Dell Technologies by 143.1% in the 2nd quarter. Penserra Capital Management LLC now owns 15,054 shares of the technology company’s stock valued at $1,844,000 after acquiring an additional 8,861 shares during the period. Nvwm LLC grew its position in Dell Technologies by 7.9% during the 2nd quarter. Nvwm LLC now owns 22,726 shares of the technology company’s stock worth $2,786,000 after purchasing an additional 1,671 shares during the last quarter. Princeton Capital Management LLC increased its stake in Dell Technologies by 2.6% in the second quarter. Princeton Capital Management LLC now owns 21,179 shares of the technology company’s stock valued at $2,597,000 after purchasing an additional 530 shares during the period. Savant Capital LLC raised its holdings in shares of Dell Technologies by 60.2% in the second quarter. Savant Capital LLC now owns 28,628 shares of the technology company’s stock valued at $3,510,000 after buying an additional 10,753 shares during the last quarter. Finally, Modera Wealth Management LLC acquired a new stake in shares of Dell Technologies during the second quarter worth about $241,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

NYSE:DELL opened at $146.44 on Friday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $168.08. The firm has a 50 day simple moving average of $142.46 and a 200-day simple moving average of $126.83. The firm has a market cap of $98.46 billion, a PE ratio of 21.54, a P/E/G ratio of 1.02 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The firm had revenue of $26.43 billion during the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, 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 firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a dividend of $0.525 per share. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies’s payout ratio is presently 30.88%.

Insider Buying and Selling

In other 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 transaction of $112,183,364.02. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 4,587,755 shares of company stock valued at $649,644,973. 42.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

DELL has been the subject of a number of analyst reports. Raymond James Financial increased their target price on Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Fox Advisors downgraded Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Sanford C. Bernstein upped their price target on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Finally, Susquehanna upped their target price on shares of Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned 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 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).