Integrity Financial Corp WA Makes New Investment in Dell Technologies Inc. $DELL

Integrity Financial Corp WA bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 2,150 shares of the technology company’s stock, valued at approximately $264,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Tradewinds Capital Management LLC raised its stake in 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 during the last quarter. Cary Street Partners Financial LLC raised its stake in 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 valued at $395,000 after buying an additional 116 shares during the last quarter. Blue Trust Inc. raised its stake in Dell Technologies by 16.4% during the 2nd quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock valued at $108,000 after buying an additional 124 shares during the last quarter. OneAscent Financial Services LLC raised its stake in Dell Technologies by 3.4% during the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock valued at $345,000 after buying an additional 125 shares during the last quarter. Finally, MRP Capital Investments LLC raised its stake in Dell Technologies by 0.8% during the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock valued at $1,365,000 after buying an additional 125 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

Shares of DELL stock opened at $162.04 on Friday. The company has a market capitalization of $108.95 billion, a price-to-earnings ratio of 23.83, a PEG ratio of 1.11 and a beta of 1.05. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $167.94. The company’s fifty day moving average price is $140.24 and its 200-day moving average price is $124.74.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The firm had revenue of $26.43 billion for 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 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is presently 30.88%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Cowen reiterated a “hold” rating on shares of Dell Technologies in a research report on Friday, August 29th. Evercore ISI increased their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an “outperform” rating in a research report on Friday, August 15th. Sanford C. Bernstein increased their price target 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. Morgan Stanley increased their price target on shares of Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Finally, Mizuho increased their price target on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $161.80.

Insider Activity

In other Dell Technologies news, Director William D. Green sold 42,736 shares of Dell Technologies stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the sale, the director directly owned 47,619 shares in the company, valued at approximately $7,619,040. The trade was a 47.30% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Ellen Jamison Kullman sold 79,806 shares of Dell Technologies stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total transaction of $12,255,009.36. Following the completion of the sale, the director owned 65,662 shares in the company, valued at approximately $10,083,056.72. This represents a 54.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,587,755 shares of company stock worth $649,644,973. 42.00% of the stock is currently owned by insiders.

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).