Paradigm Asset Management Co. LLC Takes $1.47 Million Position in Dell Technologies Inc. $DELL

Paradigm Asset Management Co. LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 12,000 shares of the technology company’s stock, valued at approximately $1,471,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Penserra Capital Management LLC grew its holdings in shares of Dell Technologies by 143.1% during the second quarter. Penserra Capital Management LLC now owns 15,054 shares of the technology company’s stock valued at $1,844,000 after purchasing an additional 8,861 shares during the last quarter. Nvwm LLC increased its position in Dell Technologies by 7.9% in the second quarter. Nvwm LLC now owns 22,726 shares of the technology company’s stock worth $2,786,000 after buying an additional 1,671 shares during the period. Princeton Capital Management LLC lifted 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 buying an additional 530 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of Dell Technologies by 60.2% during the second quarter. Savant Capital LLC now owns 28,628 shares of the technology company’s stock valued at $3,510,000 after acquiring an additional 10,753 shares during the period. Finally, Modera Wealth Management LLC bought a new position in shares of Dell Technologies during the second quarter worth about $241,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The SEC filing for this sale provides additional information. Insiders sold 4,587,755 shares of company stock worth $649,644,973 over the last 90 days. 42.00% of the stock is currently owned by company insiders.

Dell Technologies Stock Performance

DELL opened at $146.44 on Friday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $168.08. The firm has a market cap of $98.46 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.02 and a beta of 1.02. The business has a 50 day moving average price of $142.46 and a 200 day moving average price of $126.83.

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 company 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, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were given a dividend of $0.525 per share. 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 payout ratio is presently 30.88%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on DELL. Morgan Stanley lifted their target price on Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Zacks Research raised shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Fox Advisors lowered Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. Finally, The Goldman Sachs Group upped their price objective on shares of Dell Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. 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 MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $162.80.

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).