Signature Estate & Investment Advisors LLC Purchases Shares of 1,941 Dell Technologies Inc. $DELL

Signature Estate & Investment Advisors LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 1,941 shares of the technology company’s stock, valued at approximately $238,000.

Other hedge funds also recently made changes to their positions in the company. First Hawaiian Bank boosted its holdings in shares of Dell Technologies by 67.1% in the 1st quarter. First Hawaiian Bank now owns 34,878 shares of the technology company’s stock valued at $3,179,000 after purchasing an additional 14,010 shares during the last quarter. Carolina Wealth Advisors LLC acquired a new position in shares of Dell Technologies during the 2nd quarter valued at $8,869,000. Mather Group LLC. lifted its holdings in shares of Dell Technologies by 113.3% during the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company’s stock valued at $95,000 after acquiring an additional 554 shares in the last quarter. Westbourne Investments Inc. lifted its holdings in shares of Dell Technologies by 167.5% during the 1st quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company’s stock valued at $1,988,000 after acquiring an additional 13,657 shares in the last quarter. Finally, Magnolia Capital Management Ltd. acquired a new position in shares of Dell Technologies during the 2nd quarter valued at $223,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on DELL. Raymond James Financial lifted their target price on shares of Dell Technologies from $152.00 to $161.00 and gave the company an “outperform” rating in a report on Tuesday. TD Cowen lifted their target price 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. UBS Group lifted their target price on shares of Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Zacks Research upgraded shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Finally, Argus lifted their target price on shares of Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $161.80.

Insider Activity

In related news, Director Ellen Jamison Kullman sold 79,806 shares of Dell Technologies stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total transaction of $12,255,009.36. Following the sale, the director owned 65,662 shares of the company’s stock, valued at $10,083,056.72. The trade was a 54.86% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was 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 have sold a total of 4,617,755 shares of company stock worth $653,694,973 over the last three months. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies Price Performance

Dell Technologies stock opened at $149.45 on Wednesday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $166.10. The company has a market capitalization of $100.48 billion, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 1.01 and a beta of 1.05. The firm’s fifty day moving average price is $136.25 and its 200 day moving average price is $120.00.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $26.43 billion for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be paid a dividend of $0.525 per share. 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 payout ratio is 30.88%.

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).