Dell Technologies Inc. (NYSE:DELL) Stock Holdings Decreased by NorthCrest Asset Manangement LLC

Posted by Defense World Staff on Jul 10th, 2023

Dell Technologies logo NorthCrest Asset Manangement LLC reduced its holdings in Dell Technologies Inc. (NYSE:DELL – Free Report) by 34.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 56,804 shares of the technology company’s stock after selling 30,186 shares during the quarter. NorthCrest Asset Manangement LLC’s holdings in Dell Technologies were worth $2,284,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirador Capital Partners LP increased its holdings in shares of Dell Technologies by 1.8% during the fourth quarter. Mirador Capital Partners LP now owns 13,310 shares of the technology company’s stock valued at $535,000 after purchasing an additional 238 shares during the period. Ellevest Inc. raised its stake in shares of Dell Technologies by 33.4% during the 4th quarter. Ellevest Inc. now owns 1,070 shares of the technology company’s stock worth $43,000 after purchasing an additional 268 shares in the last quarter. CWM LLC lifted its stake in Dell Technologies by 7.4% in the fourth quarter. CWM LLC now owns 4,015 shares of the technology company’s stock valued at $161,000 after acquiring an additional 276 shares during the last quarter. Marks Group Wealth Management Inc lifted its stake in shares of Dell Technologies by 0.3% in the 4th quarter. Marks Group Wealth Management Inc now owns 92,978 shares of the technology company’s stock valued at $3,740,000 after purchasing an additional 286 shares during the last quarter. Finally, Yousif Capital Management LLC boosted its stake in shares of Dell Technologies by 5.2% during the 1st quarter. Yousif Capital Management LLC now owns 6,090 shares of the technology company’s stock worth $306,000 after acquiring an additional 302 shares in the last quarter. 25.05% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Down 0.5 %

DELL opened at $53.53 on Monday. Dell Technologies Inc. has a 12 month low of $32.90 and a 12 month high of $54.78. The stock has a market cap of $38.93 billion, a P/E ratio of 20.28, a P/E/G ratio of 0.97 and a beta of 1.06. The company has a fifty day simple moving average of $48.33 and a 200 day simple moving average of $43.37.

Dell Technologies (NYSE:DELL – Free Report) last released its quarterly earnings results on Thursday, June 1st. The technology company reported $1.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.45. Dell Technologies had a negative return on equity of 149.49% and a net margin of 2.01%. The firm had revenue of $20.92 billion during the quarter, compared to the consensus estimate of $20.27 billion. During the same quarter in the prior year, the firm posted $1.64 EPS. The business’s revenue was down 19.9% on a year-over-year basis. On average, equities research analysts expect that Dell Technologies Inc. will post 4.59 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 4th. Shareholders of record on Tuesday, July 25th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 2.76%. The ex-dividend date is Monday, July 24th. Dell Technologies’s dividend payout ratio (DPR) is 56.06%.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 22,042 shares of the stock in a transaction on Monday, April 17th. The stock was sold at an average price of $43.78, for a total value of $964,998.76. Following the sale, the chief accounting officer now owns 18,647 shares in the company, valued at approximately $816,365.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Dell Technologies news, General Counsel Richard J. Rothberg sold 200,958 shares of the business’s stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $45.36, for a total value of $9,115,454.88. Following the completion of the sale, the general counsel now owns 149,379 shares of the company’s stock, valued at approximately $6,775,831.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CAO Brunilda Rios sold 22,042 shares of the stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $43.78, for a total value of $964,998.76. Following the sale, the chief accounting officer now directly owns 18,647 shares in the company, valued at approximately $816,365.66. The disclosure for this sale can be found here. 48.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

DELL has been the subject of a number of recent analyst reports. Barclays upped their price target on shares of Dell Technologies from $40.00 to $45.00 in a report on Friday, June 2nd. Evercore ISI upped their price target on Dell Technologies from $50.00 to $55.00 and gave the company an “outperform” rating in a research report on Friday, May 19th. KGI Securities raised shares of Dell Technologies from a “neutral” rating to an “outperform” rating in a report on Tuesday, March 14th. Bank of America lifted their price target on Dell Technologies from $55.00 to $60.00 in a report on Wednesday, June 28th. Finally, Raymond James boosted their price objective on shares of Dell Technologies from $45.00 to $50.00 in a research report on Friday, June 2nd. Five analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $50.75.

Dell Technologies Company Profile

(Free Report)

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).