Econ Financial Services Corp Acquires Shares of 16,897 Dell Technologies Inc. $DELL

Econ Financial Services Corp bought a new position in shares of Dell Technologies Inc. (NYSE:DELLFree Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 16,897 shares of the technology company’s stock, valued at approximately $2,127,000.

A number of other large investors also recently made changes to their positions in DELL. Armstrong Advisory Group Inc. increased its holdings in Dell Technologies by 3.6% in the third quarter. Armstrong Advisory Group Inc. now owns 1,829 shares of the technology company’s stock valued at $259,000 after purchasing an additional 63 shares during the last quarter. Flagship Harbor Advisors LLC boosted its holdings in Dell Technologies by 1.3% during the third quarter. Flagship Harbor Advisors LLC now owns 5,563 shares of the technology company’s stock worth $789,000 after buying an additional 71 shares during the last quarter. Westside Investment Management Inc. grew its position in shares of Dell Technologies by 35.8% during the 3rd quarter. Westside Investment Management Inc. now owns 296 shares of the technology company’s stock worth $43,000 after buying an additional 78 shares during the period. Pinnacle Associates Ltd. increased its stake in shares of Dell Technologies by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 21,631 shares of the technology company’s stock valued at $3,067,000 after acquiring an additional 78 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC raised its position in shares of Dell Technologies by 2.3% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 3,559 shares of the technology company’s stock valued at $504,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In related news, CMO Jane Tunnell sold 28,529 shares of Dell Technologies stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $152.51, for a total value of $4,350,957.79. Following the sale, the chief marketing officer owned 53,373 shares of the company’s stock, valued at approximately $8,139,916.23. The trade was a 34.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 74,258 shares of the company’s stock in a transaction dated Wednesday, March 18th. The stock was sold at an average price of $152.28, for a total value of $11,308,008.24. Following the sale, the director owned 92 shares in the company, valued at $14,009.76. The trade was a 99.88% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 2,595,522 shares of company stock worth $403,091,708. 42.00% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Daiwa Securities Group lifted their price objective on shares of Dell Technologies from $150.00 to $170.00 and gave the stock an “outperform” rating in a research note on Friday, March 6th. Barclays increased their target price on shares of Dell Technologies from $148.00 to $168.00 and gave the stock an “overweight” rating in a report on Friday, February 27th. Piper Sandler decreased their price target on shares of Dell Technologies from $172.00 to $167.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Dbs Bank upgraded shares of Dell Technologies to a “moderate buy” rating in a research report on Monday, January 5th. Finally, Wall Street Zen raised Dell Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, March 21st. Seventeen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $164.53.

Get Our Latest Stock Analysis on DELL

Dell Technologies Stock Performance

NYSE:DELL opened at $163.86 on Wednesday. The stock has a 50-day simple moving average of $135.98 and a 200 day simple moving average of $136.28. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $186.39. The company has a market cap of $105.81 billion, a PE ratio of 18.79, a PEG ratio of 0.67 and a beta of 0.97.

Dell Technologies (NYSE:DELLGet Free Report) last released its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.53 by $0.36. The firm had revenue of $33.38 billion during the quarter, compared to the consensus estimate of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The business’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $2.68 EPS. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. On average, research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Tuesday, April 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 1.5%. This is an increase from Dell Technologies’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, April 21st. Dell Technologies’s payout ratio is 24.08%.

Dell Technologies News Roundup

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Dell Technologies Company Profile

(Free Report)

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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