Crestwood Advisors Group LLC Has $361,000 Stock Holdings in Dell Technologies Inc. $DELL

Crestwood Advisors Group LLC lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 13.7% during the second quarter, Holdings Channel reports. The institutional investor owned 2,943 shares of the technology company’s stock after selling 467 shares during the period. Crestwood Advisors Group LLC’s holdings in Dell Technologies were worth $361,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of DELL. Boston Partners grew its position in shares of Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after purchasing an additional 1,312,600 shares during the last quarter. Vanguard Group Inc. boosted its stake in 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 during the period. Deutsche Bank AG boosted its stake in Dell Technologies by 38.1% in the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock valued at $377,508,000 after purchasing an additional 1,142,012 shares during the period. Alkeon Capital Management LLC grew its holdings in Dell Technologies by 41.4% in the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock valued at $289,657,000 after buying an additional 931,032 shares in the last quarter. Finally, Auto Owners Insurance Co increased its position in Dell Technologies by 18,732.9% during the 1st quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company’s stock worth $71,188,000 after buying an additional 776,853 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Cowen reissued a “hold” rating on shares of Dell Technologies in a research report on Friday, August 29th. Fox Advisors cut shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 29th. Piper Sandler initiated coverage on shares of Dell Technologies in a research report on Tuesday, October 21st. They set an “overweight” rating and a $172.00 target price on the stock. Citigroup raised their target price on shares of Dell Technologies from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, Argus boosted their price target on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $162.80.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,587,755 shares of company stock valued at $649,644,973 in the last three months. 42.00% of the stock is owned by insiders.

Dell Technologies Stock Down 1.8%

DELL stock opened at $146.44 on Friday. The company’s 50-day moving average price is $142.46 and its two-hundred day moving average price is $126.83. The firm has a market cap of $98.46 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.02 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.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The business had revenue of $26.43 billion for 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. Equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

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