Ethic Inc. Acquires 4,835 Shares of Dell Technologies Inc. $DELL

Ethic Inc. increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 11.3% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 47,728 shares of the technology company’s stock after purchasing an additional 4,835 shares during the quarter. Ethic Inc.’s holdings in Dell Technologies were worth $5,918,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. First Hawaiian Bank grew its stake in shares of Dell Technologies by 67.1% during the 1st quarter. First Hawaiian Bank now owns 34,878 shares of the technology company’s stock worth $3,179,000 after acquiring an additional 14,010 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Dell Technologies in the second quarter valued at $8,869,000. Mather Group LLC. grew its stake in shares of Dell Technologies by 113.3% in the first quarter. Mather Group LLC. now owns 1,043 shares of the technology company’s stock valued at $95,000 after buying an additional 554 shares in the last quarter. Westbourne Investments Inc. grew its stake in shares of Dell Technologies by 167.5% in the first quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company’s stock valued at $1,988,000 after buying an additional 13,657 shares in the last quarter. Finally, Magnolia Capital Management Ltd. bought a new position in shares of Dell Technologies in the second quarter valued at $223,000. 76.37% of the stock is owned by institutional investors.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,617,755 shares of company stock worth $653,694,973. Company insiders own 42.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. 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 research note on Thursday, September 11th. TD Cowen raised their target price on shares of Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. KeyCorp initiated coverage on Dell Technologies in a report on Thursday, June 26th. They set a “sector weight” rating for the company. Citigroup raised their price target on Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Finally, Mizuho raised their price target on Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.80.

Dell Technologies Stock Performance

DELL opened at $149.96 on Thursday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $166.10. The company has a market capitalization of $100.83 billion, a P/E ratio of 22.05, a P/E/G ratio of 1.02 and a beta of 1.05. The stock has a fifty day moving average of $136.46 and a 200-day moving average of $120.21.

Dell Technologies (NYSE:DELL) last posted its 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 company had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Dell Technologies Company 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).