Dell Technologies Inc. $DELL Holdings Raised by Apollon Wealth Management LLC

Apollon Wealth Management LLC increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 10.8% in the 2nd quarter, Holdings Channel reports. The fund owned 7,627 shares of the technology company’s stock after purchasing an additional 745 shares during the period. Apollon Wealth Management LLC’s holdings in Dell Technologies were worth $935,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Central Pacific Bank Trust Division purchased a new stake in Dell Technologies in the 2nd quarter worth about $29,000. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies in the 1st quarter worth about $26,000. Cheviot Value Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth about $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth about $27,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

DELL has been the subject of several research analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Raymond James Financial raised their price target on Dell Technologies from $150.00 to $152.00 and gave the stock an “outperform” rating in a research note on Friday, August 29th. Wall Street Zen raised Dell Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Morgan Stanley raised their price target on Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. Finally, Argus raised their price target on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Seventeen analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $160.79.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $148.77 on Wednesday. The firm has a market cap of $100.03 billion, a price-to-earnings ratio of 21.88, a P/E/G ratio of 1.05 and a beta of 1.05. The business’s 50-day simple moving average is $134.81 and its 200-day simple moving average is $117.75. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10.

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

Dell Technologies Dividend Announcement

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

Insider Transactions at Dell Technologies

In other Dell Technologies 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 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 document filed with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction that occurred 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 disclosure for this sale can be found here. In the last three months, insiders have sold 4,557,418 shares of company stock worth $643,788,249. 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).