Police & Firemen s Retirement System of New Jersey Boosts Stock Holdings in Dell Technologies Inc. $DELL

Police & Firemen s Retirement System of New Jersey grew its position in Dell Technologies Inc. (NYSE:DELL) by 20.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,289 shares of the technology company’s stock after acquiring an additional 8,344 shares during the quarter. Police & Firemen s Retirement System of New Jersey’s holdings in Dell Technologies were worth $5,920,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC grew its holdings in shares of Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after buying an additional 901 shares in the last quarter. Cerity Partners LLC grew its stake in Dell Technologies by 23.8% during the 1st quarter. Cerity Partners LLC now owns 47,636 shares of the technology company’s stock valued at $4,342,000 after acquiring an additional 9,165 shares in the last quarter. Sigma Planning Corp lifted its stake in Dell Technologies by 11.4% in the 1st quarter. Sigma Planning Corp now owns 10,945 shares of the technology company’s stock worth $998,000 after purchasing an additional 1,122 shares in the last quarter. Apollon Wealth Management LLC boosted its holdings in shares of Dell Technologies by 10.8% during the 1st quarter. Apollon Wealth Management LLC now owns 6,882 shares of the technology company’s stock worth $627,000 after purchasing an additional 669 shares during the last quarter. Finally, Larson Financial Group LLC increased its holdings in shares of Dell Technologies by 424.1% in the first quarter. Larson Financial Group LLC now owns 870 shares of the technology company’s stock valued at $79,000 after purchasing an additional 704 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Wall Street Zen raised Dell Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, October 8th. Evercore ISI set a $180.00 target price on Dell Technologies and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Fox Advisors cut Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Finally, Barclays raised their price objective on Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a research report 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 issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $162.80.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business’s 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,537,755 shares of company stock valued at $642,644,973 over the last three months. 42.00% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $133.58 on Friday. The stock has a market capitalization of $89.82 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.02. The business has a 50-day moving average of $143.87 and a 200 day moving average of $128.45. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The business 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 anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were issued a $0.525 dividend. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. 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).