Stuart Chaussee & Associates Inc. Purchases Shares of 1,165 Dell Technologies Inc. $DELL

Stuart Chaussee & Associates Inc. purchased a new stake in Dell Technologies Inc. (NYSE:DELL) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,165 shares of the technology company’s stock, valued at approximately $143,000.

A number of other hedge funds also recently bought and sold shares of the stock. Tradewinds Capital Management LLC increased its position in shares of Dell Technologies by 4.9% in the 2nd quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock valued at $261,000 after purchasing an additional 100 shares during the last quarter. Cary Street Partners Financial LLC boosted its position in shares of Dell Technologies by 2.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock worth $395,000 after acquiring an additional 116 shares in the last quarter. Blue Trust Inc. boosted its position in shares of Dell Technologies by 16.4% during the 2nd quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock worth $108,000 after acquiring an additional 124 shares in the last quarter. OneAscent Financial Services LLC boosted its position in shares of Dell Technologies by 3.4% during the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock worth $345,000 after acquiring an additional 125 shares in the last quarter. Finally, MRP Capital Investments LLC boosted its position in shares of Dell Technologies by 0.8% during the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock worth $1,365,000 after acquiring an additional 125 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the subject of several recent analyst reports. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. UBS Group increased their target price on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Mizuho increased their target price on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Finally, JPMorgan Chase & Co. upped their price target on 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 issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $161.80.

Insider Transactions at Dell Technologies

In related news, Director Ellen Jamison Kullman sold 79,806 shares of the firm’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $153.56, for a total value of $12,255,009.36. Following the completion of the transaction, the director directly owned 65,662 shares of the company’s stock, valued at $10,083,056.72. This trade represents a 54.86% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Lake Group L.L.C. Silver sold 6,617 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total value of $1,003,335.71. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 4,587,755 shares of company stock valued at $649,644,973. 42.00% of the stock is owned by company insiders.

Dell Technologies Price Performance

Dell Technologies stock opened at $164.84 on Wednesday. The stock’s 50 day moving average price is $138.25 and its 200 day moving average price is $123.10. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $167.00. The company has a market cap of $110.84 billion, a PE ratio of 24.24, a price-to-earnings-growth ratio of 1.11 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. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be paid a $0.525 dividend. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.3%. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

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).