Dell Technologies Inc. $DELL Shares Bought by Beverly Hills Private Wealth LLC

Beverly Hills Private Wealth LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 11.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,634 shares of the technology company’s stock after purchasing an additional 362 shares during the quarter. Beverly Hills Private Wealth LLC’s holdings in Dell Technologies were worth $446,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies in the first quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies in the first quarter worth approximately $27,000. Flaharty Asset Management LLC acquired a new stake in shares of Dell Technologies in the first quarter worth approximately $27,000. Finally, Cullen Frost Bankers Inc. boosted its position in shares of Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after acquiring an additional 222 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Trading Down 1.1%

NYSE DELL opened at $147.91 on Tuesday. The company’s fifty day simple moving average is $136.10 and its 200-day simple moving average is $119.80. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The stock has a market cap of $99.45 billion, a P/E ratio of 21.75, a PEG ratio of 1.02 and a beta of 1.05.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The business had revenue of $26.43 billion for 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. On average, research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

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

Insider Transactions at Dell Technologies

In related news, Director William D. Green sold 42,736 shares of the company’s stock in a transaction 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 sale, the director directly owned 47,619 shares of the company’s stock, valued at $7,619,040. This represents a 47.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of the company’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total transaction of $2,969,467.76. 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 currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research reports. Wall Street Zen upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Raymond James Financial raised their price target on shares of Dell Technologies from $150.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Wells Fargo & Company raised their price target on shares of Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. TD Cowen raised their price target on shares of Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a report on Wednesday, October 8th. Finally, KeyCorp assumed coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They set a “sector weight” rating on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $160.79.

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).