NorthRock Partners LLC Invests $386,000 in Dell Technologies Inc. $DELL

NorthRock Partners 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 Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,151 shares of the technology company’s stock, valued at approximately $386,000.

Several other large investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its position in shares of Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after purchasing an additional 901 shares in the last quarter. GAMMA Investing LLC grew its stake in Dell Technologies by 94.8% in the first quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company’s stock valued at $539,000 after acquiring an additional 2,878 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Dell Technologies by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company’s stock worth $5,417,000 after acquiring an additional 4,977 shares in the last quarter. Exchange Traded Concepts LLC raised its position in shares of Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock worth $224,000 after purchasing an additional 506 shares during the period. Finally, Mission Wealth Management LP lifted its holdings in shares of Dell Technologies by 62.4% during the 1st quarter. Mission Wealth Management LP now owns 3,037 shares of the technology company’s stock valued at $277,000 after purchasing an additional 1,167 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the company’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 legal filing with the SEC, which can be accessed 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 transaction of $80,739,838.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 4,551,332 shares of company stock valued at $643,036,628. 42.00% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the stock. Fox Advisors downgraded shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Citigroup raised their price objective on shares of Dell Technologies from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Argus upped their target price on shares of Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Morgan Stanley lifted their price target on Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. Finally, Wall Street Zen raised Dell Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

Dell Technologies Price Performance

Dell Technologies stock opened at $153.69 on Thursday. The company has a market cap of $103.34 billion, a price-to-earnings ratio of 22.60, a P/E/G ratio of 1.02 and a beta of 1.05. The firm has a 50-day moving average of $135.32 and a 200-day moving average of $118.00. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $166.10.

Dell Technologies (NYSE:DELL) last issued its quarterly 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 negative return on equity of 236.21% and a net margin of 4.73%. 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 year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s payout ratio is presently 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).