Cwm LLC Has $4.33 Million Position in Dell Technologies Inc. $DELL

Cwm LLC grew its stake in Dell Technologies Inc. (NYSE:DELL) by 95.2% during the second quarter, HoldingsChannel reports. The firm owned 35,337 shares of the technology company’s stock after buying an additional 17,232 shares during the quarter. Cwm LLC’s holdings in Dell Technologies were worth $4,332,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in shares of Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock valued at $2,653,032,000 after purchasing an additional 1,145,658 shares in the last quarter. Boston Partners boosted its position in Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock worth $466,418,000 after buying an additional 1,312,600 shares during the period. Deutsche Bank AG boosted its position in Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after buying an additional 1,142,012 shares during the period. Alkeon Capital Management LLC boosted its position in Dell Technologies by 41.4% during the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock worth $289,657,000 after buying an additional 931,032 shares during the period. Finally, Invesco Ltd. boosted its position in Dell Technologies by 20.5% during the 1st quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company’s stock worth $269,150,000 after buying an additional 502,764 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Dell Technologies stock opened at $151.07 on Friday. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $166.10. The firm has a 50 day moving average price of $135.67 and a two-hundred day moving average price of $118.41. The firm has a market cap of $101.57 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.05 and a beta of 1.05.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The company had revenue of $26.43 billion during 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. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

Analyst Upgrades and Downgrades

DELL has been the topic of several recent research reports. Raymond James Financial lifted their target price on shares of Dell Technologies from $150.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Daiwa Capital Markets lifted their target price on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Wall Street Zen upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. UBS Group lifted their target price on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Finally, Fox Advisors lowered shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. One investment 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 data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director William D. Green sold 42,736 shares of the business’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the completion of the sale, the director owned 47,619 shares in the company, valued at approximately $7,619,040. The trade was a 47.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the business’s stock in a transaction on 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 90 days, insiders have sold 4,537,949 shares of company stock worth $641,439,964. 42.00% of the stock is owned by insiders.

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).