Hershey Financial Advisers LLC Takes Position in Dell Technologies Inc. $DELL

Hershey Financial Advisers LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELLFree Report) during the 1st quarter, HoldingsChannel.com reports. The fund acquired 13,235 shares of the technology company’s stock, valued at approximately $2,172,000. Dell Technologies comprises 1.9% of Hershey Financial Advisers LLC’s portfolio, making the stock its 13th largest holding.

A number of other institutional investors have also recently bought and sold shares of DELL. Commonwealth Retirement Investments LLC acquired a new position in Dell Technologies during the fourth quarter worth approximately $25,000. Rossby Financial LCC boosted its holdings in shares of Dell Technologies by 968.4% in the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares during the last quarter. Navalign LLC purchased a new stake in shares of Dell Technologies during the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Dell Technologies during the 4th quarter worth $29,000. Finally, WealthCollab LLC increased its holdings in shares of Dell Technologies by 82.0% during the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after buying an additional 114 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 1.5%

Shares of NYSE DELL opened at $397.18 on Friday. The stock has a fifty day moving average price of $372.69 and a 200 day moving average price of $228.67. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $469.47. The company has a market cap of $257.42 billion, a P/E ratio of 31.55, a P/E/G ratio of 0.85 and a beta of 1.31.

Dell Technologies (NYSE:DELLGet Free Report) last issued its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. During the same quarter in the previous year, the firm posted $1.55 earnings per share. The firm’s quarterly revenue was up 87.5% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. On average, sell-side analysts forecast that Dell Technologies Inc. will post 17.77 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be given a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $2.52 annualized dividend and a yield of 0.6%. Dell Technologies’s payout ratio is 20.02%.

More Dell Technologies News

Here are the key news stories impacting Dell Technologies this week:

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of research analyst reports. HSBC upgraded Dell Technologies to a “buy” rating in a report on Friday, May 29th. Jefferies Financial Group lowered Dell Technologies to a “hold” rating in a research note on Monday, June 1st. Truist Financial boosted their target price on Dell Technologies from $170.00 to $360.00 and gave the stock a “hold” rating in a report on Friday, May 29th. Piper Sandler increased their target price on shares of Dell Technologies from $167.00 to $497.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Finally, Wells Fargo & Company raised their price target on shares of Dell Technologies from $270.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average price target of $492.76.

Read Our Latest Analysis on Dell Technologies

Insider Buying and Selling

In other news, Director Spv-2 L.P. Sl sold 175,901 shares of the business’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the transaction, the director directly owned 36,659 shares of the company’s stock, valued at approximately $16,789,455.41. The trade was a 82.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the company’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $86,928,791.95. Following the completion of the transaction, the director owned 24,287 shares of the company’s stock, valued at $11,123,203.13. This trade represents a 88.66% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,434,758 shares of company stock valued at $1,448,870,683. 41.50% of the stock is owned by company insiders.

Dell Technologies 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.

See Also

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELLFree Report).

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

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