Dell Technologies Inc. $DELL Shares Purchased by Sigma Planning Corp

Sigma Planning Corp increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 3.2% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 11,290 shares of the technology company’s stock after acquiring an additional 345 shares during the period. Sigma Planning Corp’s holdings in Dell Technologies were worth $1,384,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of DELL. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies during the 1st quarter valued at about $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies in the 1st quarter worth about $27,000. Flaharty Asset Management LLC acquired a new stake in Dell Technologies in the 1st quarter worth about $27,000. Cullen Frost Bankers Inc. boosted its holdings in Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after buying an additional 222 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new stake in Dell Technologies in the 2nd quarter worth about $29,000. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 4,587,755 shares of company stock worth $649,644,973 over the last quarter. 42.00% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on DELL. Barclays lifted their price objective on Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Argus lifted their price objective on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. TD Cowen lifted their price objective on Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. UBS Group lifted their price objective on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Finally, 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 report on Wednesday, October 8th. One equities 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’s stock. According to data from MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $162.80.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $152.44 on Thursday. The stock has a market cap of $102.50 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.05 and a beta of 1.02. The stock’s 50 day simple moving average is $141.69 and its 200-day simple moving average is $126.23. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $168.08.

Dell Technologies (NYSE:DELL) last issued 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. As a group, research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

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).