Benson Investment Management Company Inc. Buys 86 Shares of Dell Technologies Inc. $DELL

Benson Investment Management Company Inc. raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 0.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 44,421 shares of the technology company’s stock after buying an additional 86 shares during the period. Dell Technologies accounts for approximately 2.1% of Benson Investment Management Company Inc.’s portfolio, making the stock its 21st biggest holding. Benson Investment Management Company Inc.’s holdings in Dell Technologies were worth $5,446,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in Dell Technologies during the second quarter valued at about $29,000. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies during the first quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new position in Dell Technologies during the first quarter valued at about $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies during the first quarter valued at about $27,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Dell Technologies in the first quarter worth about $27,000. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Down 3.4%

DELL stock opened at $150.67 on Friday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $166.10. The company has a market cap of $101.31 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.06 and a beta of 1.05. The business’s 50-day simple moving average is $133.98 and its 200 day simple moving average is $116.82.

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

Dell Technologies Dividend Announcement

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

Insider Buying and Selling at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total value of $80,739,838.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total value of $2,969,467.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,734,418 shares of company stock valued at $666,089,211. 42.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on DELL shares. Bank of America lifted their price objective on Dell Technologies from $167.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. Citigroup lifted their price objective on Dell Technologies from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday. Cowen reiterated a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, The Goldman Sachs Group lifted their price objective on Dell Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $160.53.

About Dell Technologies

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).