Uhlmann Price Securities LLC Buys New Shares in Dell Technologies Inc. $DELL

Uhlmann Price Securities LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,302 shares of the technology company’s stock, valued at approximately $282,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Chicago Partners Investment Group LLC increased its stake in Dell Technologies by 16.0% in the second quarter. Chicago Partners Investment Group LLC now owns 6,837 shares of the technology company’s stock valued at $870,000 after acquiring an additional 941 shares during the last quarter. Wingate Wealth Advisors Inc. bought a new position in shares of Dell Technologies during the second quarter valued at about $248,000. Signature Estate & Investment Advisors LLC bought a new position in shares of Dell Technologies during the second quarter valued at about $238,000. Conway Capital Management Inc. bought a new position in shares of Dell Technologies during the second quarter valued at about $245,000. Finally, Citizens Business Bank grew its stake in shares of Dell Technologies by 4.0% during the second quarter. Citizens Business Bank now owns 32,478 shares of the technology company’s stock valued at $3,982,000 after buying an additional 1,250 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total value of $2,969,467.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 stock was sold at an average price of $161.48, for a total transaction of $80,739,838.52. The disclosure for this sale can be found here. Insiders sold a total of 4,617,755 shares of company stock valued at $653,694,973 over the last ninety days. 42.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DELL has been the topic of a number of recent research reports. Raymond James Financial raised their price objective on Dell Technologies from $150.00 to $152.00 and gave the company an “outperform” rating in a research note on Friday, August 29th. KeyCorp initiated coverage on Dell Technologies in a research note on Thursday, June 26th. They set a “sector weight” rating on the stock. Barclays raised their price objective on Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Finally, Wall Street Zen upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $160.79.

Dell Technologies Trading Down 1.1%

Dell Technologies stock opened at $149.57 on Monday. The firm has a 50-day moving average of $135.90 and a 200-day moving average of $119.26. The firm has a market cap of $100.57 billion, a P/E ratio of 22.00, a P/E/G ratio of 1.02 and a beta of 1.05. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 EPS 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 during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be issued a $0.525 dividend. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.4%. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

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).