TIAA Trust National Association Purchases 2,024 Shares of Dell Technologies Inc. $DELL

TIAA Trust National Association grew its position in Dell Technologies Inc. (NYSE:DELL) by 37.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,372 shares of the technology company’s stock after purchasing an additional 2,024 shares during the quarter. TIAA Trust National Association’s holdings in Dell Technologies were worth $904,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. N.E.W. Advisory Services LLC bought a new position in shares of Dell Technologies during the first quarter worth $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies during the first quarter valued at $27,000. Flaharty Asset Management LLC bought a new position in Dell Technologies during the first quarter valued at $27,000. Cullen Frost Bankers Inc. lifted its position in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. Finally, Central Pacific Bank Trust Division bought a new position in Dell Technologies during the second quarter valued at $29,000. Institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the subject of several research reports. Zacks Research upgraded shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday, October 13th. Argus increased their price objective on shares of Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Wells Fargo & Company increased their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Evercore ISI set a $180.00 price objective on shares of Dell Technologies and gave the company an “outperform” rating in a research report on Monday. Finally, Piper Sandler started coverage on shares of Dell Technologies in a research report on Tuesday, October 21st. They set an “overweight” rating and a $172.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $162.80.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were 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 SEC, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,587,755 shares of company stock worth $649,644,973 in the last ninety days. 42.00% of the stock is currently owned by insiders.

Dell Technologies Trading Down 3.5%

Shares of DELL opened at $154.44 on Wednesday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $168.08. The company has a market cap of $103.84 billion, a P/E ratio of 22.71, a P/E/G ratio of 1.09 and a beta of 1.02. The company’s fifty day simple moving average is $141.29 and its 200-day simple moving average is $126.05.

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

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend was Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 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).