Dell Technologies Inc. $DELL Shares Purchased by Huntington National Bank

Huntington National Bank boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 91.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,893 shares of the technology company’s stock after buying an additional 1,380 shares during the quarter. Huntington National Bank’s holdings in Dell Technologies were worth $355,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in shares of Dell Technologies during the 1st quarter valued at about $26,000. Cheviot Value Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth approximately $27,000. Flaharty Asset Management LLC purchased a new position in shares of Dell Technologies during the 1st quarter valued at approximately $27,000. Westside Investment Management Inc. raised its position in shares of Dell Technologies by 84.7% in the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Finally, Cullen Frost Bankers Inc. grew its position in shares of Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock valued at $28,000 after acquiring an additional 222 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, Director Ellen Jamison Kullman sold 79,806 shares of the firm’s stock in a transaction on Wednesday, October 15th. The stock was sold at an average price of $153.56, for a total transaction of $12,255,009.36. Following the completion of the sale, the director owned 65,662 shares of the company’s stock, valued at $10,083,056.72. This trade represents a 54.86% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction of $2,969,467.76. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,587,755 shares of company stock worth $649,644,973. 42.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent analyst reports. Sanford C. Bernstein increased their price target on Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Susquehanna upped their target price on Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 8th. Zacks Research raised shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. Wells Fargo & Company boosted their price target on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, UBS Group increased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $162.80.

Dell Technologies Trading Down 2.0%

Shares of NYSE DELL opened at $149.32 on Friday. The stock has a market cap of $100.40 billion, a PE ratio of 21.96, a P/E/G ratio of 1.04 and a beta of 1.02. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $168.08. The company has a 50-day moving average of $141.98 and a 200 day moving average of $126.39.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The business had revenue of $26.43 billion for 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. On average, sell-side analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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