Ibex Wealth Advisors Acquires Shares of 2,890 Dell Technologies Inc. $DELL

Ibex Wealth Advisors bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,890 shares of the technology company’s stock, valued at approximately $354,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. RWA Wealth Partners LLC lifted its holdings in Dell Technologies by 1.0% during the second quarter. RWA Wealth Partners LLC now owns 8,953 shares of the technology company’s stock valued at $1,098,000 after purchasing an additional 88 shares during the last quarter. Summit Investment Advisors Inc. lifted its stake in shares of Dell Technologies by 3.1% during the 1st quarter. Summit Investment Advisors Inc. now owns 3,004 shares of the technology company’s stock valued at $274,000 after buying an additional 90 shares in the last quarter. Tradewinds Capital Management LLC lifted its stake in shares of 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 buying an additional 100 shares in the last quarter. Westside Investment Management Inc. boosted its holdings in Dell Technologies by 84.7% in the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after buying an additional 100 shares during the period. Finally, Cary Street Partners Financial LLC grew its stake in 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 buying an additional 116 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

DELL has been the subject of a number of analyst reports. Wall Street Zen raised Dell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. Citigroup raised their target price on Dell Technologies from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Fox Advisors cut Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. Wells Fargo & Company increased their price target on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Finally, UBS Group boosted their price objective on shares of Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a research note 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 given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $162.80.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’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 SEC filing for this sale provides additional information. In the last three months, insiders sold 4,537,755 shares of company stock worth $642,644,973. 42.00% of the stock is owned by insiders.

Dell Technologies Trading Down 2.8%

Shares of NYSE DELL opened at $142.58 on Tuesday. The business has a 50-day moving average of $142.87 and a 200-day moving average of $127.74. The firm has a market capitalization of $95.87 billion, a price-to-earnings ratio of 20.97, a PEG ratio of 1.00 and a beta of 1.02. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The business had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were given a $0.525 dividend. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.5%. Dell Technologies’s payout ratio 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).