Dell Technologies Inc. $DELL Shares Acquired by Savant Capital LLC

Savant Capital LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 60.2% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 28,628 shares of the technology company’s stock after acquiring an additional 10,753 shares during the period. Savant Capital LLC’s holdings in Dell Technologies were worth $3,510,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Tradewinds Capital Management LLC increased its stake in Dell Technologies by 4.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock valued at $261,000 after purchasing an additional 100 shares in the last quarter. Westside Investment Management Inc. grew its holdings in shares of Dell Technologies by 84.7% during the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the last quarter. Cary Street Partners Financial LLC increased its position in shares of Dell Technologies by 2.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock valued at $395,000 after acquiring an additional 116 shares during the period. Blue Trust Inc. raised its stake in Dell Technologies by 16.4% in the 2nd quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock worth $108,000 after acquiring an additional 124 shares during the last quarter. Finally, OneAscent Financial Services LLC raised its stake in Dell Technologies by 3.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock worth $345,000 after acquiring an additional 125 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $146.44 on Monday. The firm has a 50-day simple moving average of $142.46 and a two-hundred day simple moving average of $127.40. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $168.08. The company has a market cap of $98.46 billion, a P/E ratio of 21.54, a price-to-earnings-growth ratio of 1.00 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The firm 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. Equities research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, October 21st. Dell Technologies’s dividend payout ratio is presently 30.88%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock in a transaction 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 transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,537,755 shares of company stock worth $642,644,973 in the last quarter. Insiders own 42.00% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of a number of research reports. Fox Advisors lowered Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Cowen reiterated a “hold” rating on shares of Dell Technologies in a research report on Friday, August 29th. Wall Street Zen raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a research report on Saturday, September 13th. Piper Sandler assumed coverage on shares of Dell Technologies in a report on Tuesday, October 21st. They issued an “overweight” rating and a $172.00 price objective on the stock. Finally, Daiwa Capital Markets increased their price objective on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research note on Thursday, September 11th. One research analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

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).