Sfmg LLC Purchases New Holdings in Dell Technologies Inc. $DELL

Sfmg LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 3,913 shares of the technology company’s stock, valued at approximately $480,000.

Several other large investors have also recently made changes to their positions in DELL. RWA Wealth Partners LLC boosted its holdings in shares of Dell Technologies by 1.0% in the 2nd 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. boosted its stake in Dell Technologies by 3.1% in the first quarter. Summit Investment Advisors Inc. now owns 3,004 shares of the technology company’s stock valued at $274,000 after acquiring an additional 90 shares during the last quarter. Tradewinds Capital Management LLC boosted its stake in Dell Technologies by 4.9% in the second quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock valued at $261,000 after acquiring an additional 100 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Dell Technologies by 84.7% during the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Finally, Cary Street Partners Financial LLC increased its stake 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 purchasing an additional 116 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’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 sold a total of 4,537,755 shares of company stock worth $642,644,973 over the last 90 days. Corporate insiders own 42.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DELL shares. Barclays increased their price objective on Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Zacks Research downgraded Dell Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. Citigroup boosted their price objective on Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $165.00 to $170.00 and gave the company an “overweight” rating in a report on Monday, November 17th. Finally, Raymond James Financial lifted their target price on shares of Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a research note on Tuesday, October 21st. Seventeen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $160.85.

Dell Technologies Trading Up 4.4%

Shares of NYSE:DELL opened at $122.57 on Friday. The company has a 50 day moving average of $143.58 and a 200 day moving average of $129.41. The stock has a market cap of $82.41 billion, a P/E ratio of 18.03, a P/E/G ratio of 0.80 and a beta of 1.02. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08.

Dell Technologies (NYSE:DELL) last posted its 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. On average, equities analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm 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. This represents a $2.10 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s payout ratio is presently 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).