Universal Beteiligungs und Servicegesellschaft mbH Acquires 13,303 Shares of Dell Technologies Inc. $DELL

Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 4.9% in the 2nd quarter, Holdings Channel.com reports. The firm owned 286,042 shares of the technology company’s stock after buying an additional 13,303 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH’s holdings in Dell Technologies were worth $35,069,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new position in shares of Dell Technologies in the first quarter worth approximately $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies in the first quarter worth approximately $27,000. Flaharty Asset Management LLC purchased a new stake in shares of Dell Technologies in the 1st quarter worth $27,000. Westside Investment Management Inc. increased its stake in shares of Dell Technologies by 84.7% in the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Finally, Cullen Frost Bankers Inc. raised its holdings in Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after purchasing an additional 222 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 8.4%

Shares of DELL stock opened at $122.57 on Tuesday. The stock has a market capitalization of $82.41 billion, a price-to-earnings ratio of 18.02, a price-to-earnings-growth ratio of 0.91 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 stock’s 50-day moving average price is $143.86 and its 200-day moving average price is $129.16.

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

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s payout ratio is currently 30.88%.

Insider Activity at Dell Technologies

In other news, Director Lake Group L.L.C. Silver sold 6,617 shares of the company’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total transaction of $1,003,335.71. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director William D. Green sold 42,736 shares of the stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the completion of the transaction, the director directly owned 47,619 shares of the company’s stock, valued at approximately $7,619,040. The trade was a 47.30% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,537,755 shares of company stock valued at $642,644,973 over the last quarter. 42.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of analysts have commented on DELL shares. UBS Group upped their price target on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. Wall Street Zen raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Evercore ISI set a $180.00 price target on shares of Dell Technologies and gave the company an “outperform” rating in a report on Monday, November 3rd. Susquehanna raised their price objective on shares of Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.35.

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).