Blue Trust Inc. Purchases 124 Shares of Dell Technologies Inc. $DELL

Blue Trust Inc. grew its position in Dell Technologies Inc. (NYSE:DELL) by 16.4% during the second quarter, HoldingsChannel.com reports. The firm owned 882 shares of the technology company’s stock after buying an additional 124 shares during the quarter. Blue Trust Inc.’s holdings in Dell Technologies were worth $108,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of DELL. Brighton Jones LLC lifted its holdings in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after purchasing an additional 901 shares in the last quarter. GAMMA Investing LLC increased its position in shares of 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 last quarter. Wealth Enhancement Advisory Services LLC increased its position 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 valued at $5,417,000 after acquiring an additional 4,977 shares during the last quarter. Exchange Traded Concepts LLC increased its position in shares of Dell Technologies by 25.9% in the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock valued at $224,000 after acquiring an additional 506 shares during the last quarter. Finally, Mission Wealth Management LP increased its position in shares of Dell Technologies by 62.4% in the first quarter. Mission Wealth Management LP now owns 3,037 shares of the technology company’s stock valued at $277,000 after acquiring an additional 1,167 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Down 1.7%

Shares of NYSE:DELL opened at $151.07 on Friday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $166.10. The stock has a market cap of $101.57 billion, a PE ratio of 22.22, a P/E/G ratio of 1.05 and a beta of 1.05. The business has a 50 day moving average of $135.67 and a 200-day moving average of $118.41.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) 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. Equities research 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 disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders 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 dividend yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s payout ratio is currently 30.88%.

Analyst Ratings Changes

A number of research firms recently issued reports on DELL. Zacks Research raised Dell Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday. UBS Group lifted their target price on Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Barclays lifted their target price on Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. Evercore ISI lifted their target price on Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, August 15th. Finally, Daiwa Capital Markets boosted their price target on Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $160.79.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was 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 Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of the business’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total value of $1,003,335.71. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,537,949 shares of company stock worth $641,439,964. Insiders own 42.00% of the company’s stock.

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).