Facet Wealth Inc. Invests $271,000 in Dell Technologies Inc. $DELL

Facet Wealth Inc. acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, Holdings Channel.com reports. The fund acquired 2,043 shares of the technology company’s stock, valued at approximately $271,000.

A number of other institutional investors have also recently bought and sold shares of DELL. Brighton Jones LLC boosted its stake in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after buying an additional 901 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of Dell Technologies by 94.8% during the 1st quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company’s stock valued at $539,000 after acquiring an additional 2,878 shares in the last quarter. Creative Financial Designs Inc. ADV boosted its position in shares of Dell Technologies by 124.7% during the 1st quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the technology company’s stock valued at $94,000 after acquiring an additional 570 shares in the last quarter. Transcend Capital Advisors LLC boosted its holdings in Dell Technologies by 12.7% during the first quarter. Transcend Capital Advisors LLC now owns 2,279 shares of the technology company’s stock valued at $208,000 after purchasing an additional 257 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Dell Technologies by 2.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 270,992 shares of the technology company’s stock valued at $24,920,000 after purchasing an additional 7,672 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analysts Set New Price Targets

DELL has been the topic of several recent analyst reports. Mizuho boosted their price target on Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Sanford C. Bernstein boosted their target price on shares of Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. TD Cowen boosted 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. Piper Sandler started coverage on shares of Dell Technologies in a research note on Tuesday, October 21st. They issued an “overweight” rating and a $172.00 target price on the stock. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dell Technologies in a research 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 assigned a Hold rating to the company. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.80.

Dell Technologies Trading Up 2.3%

Shares of DELL stock opened at $162.30 on Tuesday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $166.10. The firm’s 50 day moving average is $137.66 and its 200-day moving average is $122.50. The firm has a market capitalization of $109.12 billion, a price-to-earnings ratio of 23.87, a PEG ratio of 1.08 and a beta of 1.05.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data 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. On average, equities research analysts forecast 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 dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.3%. Dell Technologies’s dividend payout ratio is presently 30.88%.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the 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. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction 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 disclosure for this sale can be found here. Insiders sold 4,587,755 shares of company stock worth $649,644,973 over the last 90 days. 42.00% of the stock is currently owned by company 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).