Dell Technologies Inc. $DELL Shares Purchased by US Bancorp DE

US Bancorp DE boosted its stake in Dell Technologies Inc. (NYSE:DELL) by 9.0% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 36,531 shares of the technology company’s stock after acquiring an additional 3,015 shares during the quarter. US Bancorp DE’s holdings in Dell Technologies were worth $4,479,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC lifted its holdings in Dell Technologies by 25.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock valued at $224,000 after purchasing an additional 506 shares in the last quarter. First Hawaiian Bank lifted its holdings in Dell Technologies by 67.1% in the 1st quarter. First Hawaiian Bank now owns 34,878 shares of the technology company’s stock valued at $3,179,000 after purchasing an additional 14,010 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new position in Dell Technologies in the 2nd quarter valued at $8,869,000. Mather Group LLC. lifted its holdings in Dell Technologies by 113.3% in the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company’s stock valued at $95,000 after purchasing an additional 554 shares in the last quarter. Finally, Westbourne Investments Inc. lifted its holdings in Dell Technologies by 167.5% in the 1st quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company’s stock valued at $1,988,000 after purchasing an additional 13,657 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on DELL. Weiss Ratings restated a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, October 8th. UBS Group lifted their price target on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Wells Fargo & Company lifted their price target on Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Evercore ISI lifted their price target on Dell Technologies from $150.00 to $160.00 and gave the stock an “outperform” rating in a report on Friday, August 15th. Finally, Barclays lifted their price target on Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Seventeen investment analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

Dell Technologies Trading Up 1.9%

Shares of NYSE:DELL opened at $153.42 on Tuesday. The business has a 50-day moving average price of $134.44 and a 200 day moving average price of $117.53. The company has a market capitalization of $103.16 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $166.10.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The firm 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. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is presently 30.88%.

Insider Buying and Selling

In related 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 filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of Dell Technologies 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 4,561,318 shares of company stock valued at $644,276,880. 42.00% of the stock is currently owned by insiders.

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).