Stephens Inc. AR Buys 146 Shares of Dell Technologies Inc. $DELL

Stephens Inc. AR raised its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 1.8% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 8,078 shares of the technology company’s stock after acquiring an additional 146 shares during the quarter. Stephens Inc. AR’s holdings in Dell Technologies were worth $990,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the stock. Tradewinds Capital Management LLC raised its holdings in Dell Technologies by 4.9% during the second 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. Cary Street Partners Financial LLC raised its holdings in Dell Technologies by 2.7% during the first 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. Blue Trust Inc. grew its position in shares of Dell Technologies by 16.4% in the second quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock valued at $108,000 after purchasing an additional 124 shares during the last quarter. OneAscent Financial Services LLC grew its position in shares of Dell Technologies by 3.4% in the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock valued at $345,000 after purchasing an additional 125 shares during the last quarter. Finally, MRP Capital Investments LLC grew its position in shares of Dell Technologies by 0.8% in the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock valued at $1,365,000 after purchasing an additional 125 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Transactions at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies 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 disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,617,755 shares of company stock valued at $653,694,973. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Stock Up 2.9%

Shares of DELL opened at $158.67 on Friday. The stock has a market cap of $106.68 billion, a price-to-earnings ratio of 23.33, a P/E/G ratio of 1.05 and a beta of 1.05. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $166.10. The company has a 50-day moving average price of $137.17 and a two-hundred day moving average price of $121.35.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The firm had revenue of $26.43 billion during the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities 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 declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be paid 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 (DPR) is currently 30.88%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DELL shares. Morgan Stanley raised their price target on Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Sanford C. Bernstein raised their price target on Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Daiwa Capital Markets raised their price target on Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a research report on Thursday, September 11th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a research report on Friday. Finally, Argus lifted their target price on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. 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. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $161.80.

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).