2,946 Shares in Dell Technologies Inc. $DELL Purchased by Concord Asset Management LLC VA

Concord Asset Management LLC VA bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,946 shares of the technology company’s stock, valued at approximately $361,000.

Other large investors also recently made changes to their positions in the company. Exchange Traded Concepts LLC grew 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 buying an additional 506 shares in the last quarter. First Hawaiian Bank boosted its position in shares of Dell Technologies by 67.1% in the first quarter. First Hawaiian Bank now owns 34,878 shares of the technology company’s stock valued at $3,179,000 after acquiring an additional 14,010 shares during the period. Carolina Wealth Advisors LLC acquired a new stake in Dell Technologies in the 2nd quarter worth about $8,869,000. Mather Group LLC. raised its stake in Dell Technologies by 113.3% in the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company’s stock worth $95,000 after purchasing an additional 554 shares in the last quarter. Finally, Westbourne Investments Inc. increased its holdings in shares of Dell Technologies by 167.5% during the first quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company’s stock worth $1,988,000 after purchasing an additional 13,657 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Up 1.9%

Shares of DELL stock opened at $153.42 on Tuesday. The stock’s fifty day simple moving average is $134.44 and its 200 day simple moving average is $117.53. The firm has a market capitalization of $103.16 billion, a P/E ratio of 22.56, a P/E/G ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $166.10.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, 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 disclosure for this sale can be found here. In the last 90 days, insiders sold 4,561,318 shares of company stock worth $644,276,880. 42.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

DELL has been the topic of a number of analyst reports. Argus increased their price target on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Citigroup upped their target price on Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Evercore ISI raised their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, August 15th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, October 8th. Finally, KeyCorp assumed coverage on shares of Dell Technologies in a research report on Thursday, June 26th. They set a “sector weight” rating on the stock. Seventeen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $160.79.

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).