Frank Rimerman Advisors LLC Has $905,000 Stake in Dell Technologies Inc. $DELL

Frank Rimerman Advisors LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 31.6% during the second quarter, Holdings Channel.com reports. The firm owned 7,378 shares of the technology company’s stock after buying an additional 1,771 shares during the quarter. Frank Rimerman Advisors LLC’s holdings in Dell Technologies were worth $905,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. William Allan Corp increased its holdings in shares of Dell Technologies by 47.6% during the second 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 bought a new stake in shares of Dell Technologies in the second quarter valued at approximately $241,000. First Hawaiian Bank grew its position 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 in the last quarter. WASHINGTON TRUST Co increased its stake in Dell Technologies by 11,037.8% during the 2nd quarter. WASHINGTON TRUST Co now owns 88,100 shares of the technology company’s stock worth $10,801,000 after acquiring an additional 87,309 shares during the period. Finally, Carolina Wealth Advisors LLC acquired a new position in Dell Technologies in the 2nd quarter valued at $8,869,000. 76.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on DELL shares. Cowen reissued a “hold” rating on shares of Dell Technologies in a report on Friday, August 29th. Daiwa Capital Markets raised their target price on shares of Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Citigroup boosted their target price on shares of Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Mizuho increased their price target on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dell Technologies in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $161.35.

Dell Technologies Price Performance

DELL stock opened at $122.80 on Wednesday. The stock has a market cap of $82.57 billion, a price-to-earnings ratio of 18.06, a P/E/G ratio of 0.84 and a beta of 1.02. The company has a 50 day simple moving average of $143.89 and a 200 day simple moving average of $129.36. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $168.08.

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

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Tuesday, October 21st. Dell Technologies’s dividend payout ratio is presently 30.88%.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s 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. The disclosure for this sale is available in the SEC filing. Insiders sold 4,537,755 shares of company stock valued at $642,644,973 over the last quarter. Corporate insiders own 42.00% of the company’s stock.

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).