Hixon Zuercher LLC Acquires 8,402 Shares of Dell Technologies Inc. $DELL

Hixon Zuercher LLC grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 29.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 37,012 shares of the technology company’s stock after purchasing an additional 8,402 shares during the period. Dell Technologies comprises 1.5% of Hixon Zuercher LLC’s holdings, making the stock its 28th largest holding. Hixon Zuercher LLC’s holdings in Dell Technologies were worth $4,538,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Oppenheimer Asset Management Inc. grew its position in Dell Technologies by 18.8% during the second quarter. Oppenheimer Asset Management Inc. now owns 57,330 shares of the technology company’s stock worth $7,029,000 after buying an additional 9,064 shares in the last quarter. Brighton Jones LLC raised its holdings in Dell Technologies by 74.8% in the 2nd quarter. Brighton Jones LLC now owns 5,415 shares of the technology company’s stock valued at $664,000 after acquiring an additional 2,317 shares in the last quarter. Leavell Investment Management Inc. bought a new stake in shares of Dell Technologies during the 2nd quarter valued at $205,000. CVA Family Office LLC grew its holdings in shares of Dell Technologies by 233.3% during the 2nd quarter. CVA Family Office LLC now owns 1,130 shares of the technology company’s stock worth $138,000 after purchasing an additional 791 shares in the last quarter. Finally, Focus Partners Advisor Solutions LLC increased its position in shares of Dell Technologies by 139.7% in the second quarter. Focus Partners Advisor Solutions LLC now owns 5,907 shares of the technology company’s stock worth $725,000 after purchasing an additional 3,443 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director William D. Green sold 42,736 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the sale, the director directly owned 47,619 shares of the company’s stock, valued at $7,619,040. The trade was a 47.30% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of the firm’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total transaction of $1,003,335.71. The disclosure for this sale can be found here. Insiders sold 4,617,755 shares of company stock worth $653,694,973 over the last quarter. Insiders own 42.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Barclays upped their price objective on shares of Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 8th. Sanford C. Bernstein lifted their price objective 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. Citigroup boosted their price objective on shares of Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Bank of America raised their target price on Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, The Goldman Sachs Group boosted their price target on Dell Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. One investment 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. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $161.80.

Dell Technologies Stock Performance

Shares of DELL opened at $158.67 on Friday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The stock has a market capitalization of $106.68 billion, a price-to-earnings ratio of 23.33, a PEG ratio of 1.08 and a beta of 1.05. The stock has a fifty day moving average of $137.17 and a 200-day moving average of $121.69.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data 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, equities analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed 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. This represents a $2.10 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

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).