Rockefeller Capital Management L.P. Has $20.87 Million Stock Position in Dell Technologies Inc. $DELL

Rockefeller Capital Management L.P. lessened its position in shares of Dell Technologies Inc. (NYSE:DELL) by 27.6% in the second quarter, according to its most recent filing with the SEC. The firm owned 170,235 shares of the technology company’s stock after selling 65,010 shares during the quarter. Rockefeller Capital Management L.P.’s holdings in Dell Technologies were worth $20,871,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. RWA Wealth Partners LLC raised its stake in Dell Technologies by 1.0% during the second quarter. RWA Wealth Partners LLC now owns 8,953 shares of the technology company’s stock worth $1,098,000 after buying an additional 88 shares during the last quarter. Summit Investment Advisors Inc. grew its holdings in Dell Technologies by 3.1% during the 1st quarter. Summit Investment Advisors Inc. now owns 3,004 shares of the technology company’s stock worth $274,000 after acquiring an additional 90 shares during the period. Tradewinds Capital Management LLC grew its holdings 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 worth $261,000 after acquiring an additional 100 shares during the period. Westside Investment Management Inc. lifted its stake in shares of Dell Technologies by 84.7% in the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares during the period. Finally, 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 valued at $395,000 after purchasing an additional 116 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Buying and Selling

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 4,537,755 shares of company stock worth $642,644,973 in the last 90 days. Company insiders own 42.00% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $122.57 on Tuesday. The company has a 50-day moving average price of $143.86 and a 200-day moving average price of $129.16. The stock has a market capitalization of $82.41 billion, a P/E ratio of 18.02, a P/E/G ratio of 0.91 and a beta of 1.02. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $168.08.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share 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. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal 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 given a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. Dell Technologies’s payout ratio is presently 30.88%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Raymond James Financial lifted their target price on Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Fox Advisors lowered shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 29th. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $165.00 to $170.00 and gave the stock an “overweight” rating in a research note on Monday. Zacks Research upgraded shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Finally, Bank of America upped their price objective on shares of Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $161.35.

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).