Edmond DE Rothschild Holding S.A. increased its position in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 46,271 shares of the technology company’s stock after acquiring an additional 2,459 shares during the quarter. Edmond DE Rothschild Holding S.A.’s holdings in Dell Technologies were worth $5,673,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently bought and sold shares of DELL. William Allan Corp grew its holdings in shares of Dell Technologies by 47.6% during the 2nd quarter. William Allan Corp now owns 25,901 shares of the technology company’s stock worth $3,175,000 after purchasing an additional 8,355 shares during the period. Modera Wealth Management LLC acquired a new position in Dell Technologies in the second quarter valued at about $241,000. First Hawaiian Bank boosted its stake in Dell Technologies by 67.1% during the first quarter. First Hawaiian Bank now owns 34,878 shares of the technology company’s stock worth $3,179,000 after buying an additional 14,010 shares during the period. WASHINGTON TRUST Co raised its stake in shares of Dell Technologies by 11,037.8% in the 2nd quarter. WASHINGTON TRUST Co now owns 88,100 shares of the technology company’s stock valued at $10,801,000 after acquiring an additional 87,309 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new position in shares of Dell Technologies in the 2nd quarter worth approximately $8,869,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.
Dell Technologies Price Performance
NYSE:DELL opened at $126.07 on Wednesday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08. The firm has a market capitalization of $84.76 billion, a PE ratio of 18.54, a price-to-earnings-growth ratio of 0.96 and a beta of 1.02. The business’s fifty day moving average price is $143.57 and its 200 day moving average price is $130.32.
Dell Technologies Dividend Announcement
The business 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 of this dividend was Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. Dell Technologies’s dividend payout ratio (DPR) is presently 30.88%.
Insider Buying and Selling at Dell Technologies
In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the firm’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total transaction of $2,969,467.76. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the business’s stock in a transaction dated Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 4,537,755 shares of company stock worth $642,644,973. 42.00% of the stock is owned by insiders.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. Cowen reiterated a “hold” rating on shares of Dell Technologies in a report on Friday, August 29th. Evercore ISI set a $180.00 price objective on Dell Technologies and gave the company an “outperform” rating in a research note on Monday, November 3rd. UBS Group boosted their price objective on Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Piper Sandler initiated coverage on Dell Technologies in a report on Tuesday, October 21st. They set an “overweight” rating and a $172.00 target price for the company. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Seventeen research analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.85.
Check Out Our Latest Analysis on Dell Technologies
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).
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