Roberts Glore & Co. Inc. IL Makes New Investment in Dell Technologies Inc. $DELL

Roberts Glore & Co. Inc. IL bought a new position in Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,877 shares of the technology company’s stock, valued at approximately $230,000.

Several other large investors have also made changes to their positions in the company. RWA Wealth Partners LLC grew its holdings in Dell Technologies by 1.0% during the 2nd quarter. RWA Wealth Partners LLC now owns 8,953 shares of the technology company’s stock valued at $1,098,000 after purchasing an additional 88 shares in the last quarter. Summit Investment Advisors Inc. boosted its holdings in shares of Dell Technologies by 3.1% during the first quarter. Summit Investment Advisors Inc. now owns 3,004 shares of the technology company’s stock valued at $274,000 after acquiring an additional 90 shares during the period. Tradewinds Capital Management LLC grew its position in Dell Technologies by 4.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock worth $261,000 after purchasing an additional 100 shares during the last quarter. Westside Investment Management Inc. increased its holdings in shares of Dell Technologies by 84.7% during the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Finally, Cary Street Partners Financial LLC raised its position in shares of Dell Technologies by 2.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock worth $395,000 after buying an additional 116 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Wells Fargo & Company increased their price target on Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Argus boosted their target price on shares of Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. Evercore ISI set a $180.00 target price on Dell Technologies and gave the company an “outperform” rating in a research note on Monday, November 3rd. Finally, Bank of America upped their target price on shares of Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $162.80.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’s stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,537,755 shares of company stock worth $642,644,973 in the last 90 days. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Trading Down 1.8%

NYSE DELL opened at $146.44 on Monday. The company has a market cap of $98.46 billion, a price-to-earnings ratio of 21.54, a PEG ratio of 1.00 and a beta of 1.02. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $168.08. The company has a 50 day moving average of $142.46 and a 200-day moving average of $127.40.

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

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.525 per share. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.4%. Dell Technologies’s dividend payout ratio is presently 30.88%.

Dell Technologies Company 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).