Parcion Private Wealth LLC Purchases 1,179 Shares of Dell Technologies Inc. $DELL

Parcion Private Wealth LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 49.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,583 shares of the technology company’s stock after purchasing an additional 1,179 shares during the quarter. Parcion Private Wealth LLC’s holdings in Dell Technologies were worth $439,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. First Hawaiian Bank boosted its position in shares of Dell Technologies by 67.1% during the first quarter. First Hawaiian Bank now owns 34,878 shares of the technology company’s stock worth $3,179,000 after purchasing an additional 14,010 shares in the last quarter. Carolina Wealth Advisors LLC bought a new position in shares of Dell Technologies during the second quarter worth $8,869,000. Mather Group LLC. boosted its position in shares of Dell Technologies by 113.3% during the first quarter. Mather Group LLC. now owns 1,043 shares of the technology company’s stock worth $95,000 after purchasing an additional 554 shares in the last quarter. Westbourne Investments Inc. boosted its position in shares of Dell Technologies by 167.5% during the first quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company’s stock worth $1,988,000 after purchasing an additional 13,657 shares in the last quarter. Finally, Magnolia Capital Management Ltd. bought a new stake in Dell Technologies in the 2nd quarter valued at $223,000. 76.37% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,617,755 shares of company stock worth $653,694,973. Company insiders own 42.00% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DELL. Argus boosted their price objective on shares of Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. KeyCorp assumed coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They set a “sector weight” rating on the stock. Evercore ISI boosted their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an “outperform” rating in a research note on Friday, August 15th. Raymond James Financial boosted their price objective on shares of Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $161.80.

Dell Technologies Stock Performance

Shares of DELL opened at $149.96 on Thursday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The firm has a market cap of $100.83 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.02 and a beta of 1.05. The firm’s 50-day simple moving average is $136.46 and its 200 day simple moving average is $120.21.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 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 for the quarter. 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 earnings per share for the current 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s dividend payout ratio is presently 30.88%.

About Dell Technologies

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).