SSgA Funds Management, Inc. recently announced the acquisition of new stake in Dell Technologies Inc. (NYSE:DELL). The institutional investor has increased its shareholding in the Technology company by 0.04% to 6.8 million shares with purchase of 2969.0 shares. This fresh investment now brings its stake to 2.62% valued currently at $260.96 million. In addition, LSV Asset Management raised its holdings by 0.28 million to 6.03 million shares. And AllianceBernstein LP has lifted its position by 43.95% or 1.39 million shares – to 4.57 million shares.
With over 6.48 million Dell Technologies Inc. (DELL) shares trading Monday and a closing price of $41.07 on the day, the dollar volume was approximately $266.12 million. The shares have shown a negative half year performance of -0.36% and its price on 11/21/22 lost nearly -2.31%. Currently, there are 739.00M common shares owned by the public and among those 251.09M shares have been available to trade.
Insiders at the company have transacted a total of 53 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 1,227,602 shares. Insider sales of the common stock occurred on 30 occasions, with total insider shares sold totaling 1,209,881 shares.
The top 3 mutual fund holders in Dell Technologies Inc. are Dodge & Cox Stock Fund, Vanguard Total Stock Market Index, and Vanguard Extended Market Index Fu. Dodge & Cox Stock Fund owns 12.98 million shares of the company’s stock, all valued at over $498.53 million. The company sold -0.32 million shares recently to bring their total holdings to about 5.01% of the shares outstanding. Vanguard Total Stock Market Index sold 21862.0 shares to see its total holdings shrink to 7.57 million shares valued at over $290.6 million and representing 2.92% of the shares outstanding. Vanguard Extended Market Index Fu bought 82806.0 shares to bring its total holdings to over 3.63 million shares at a value of $139.51 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.40% of the shares outstanding.
Shares of Dell Technologies Inc. (NYSE: DELL) opened at $41.56, down -$0.48 from a prior closing price of $42.04. However, the script later moved the day high at 41.71, down -2.31%. The company’s stock has a 5-day price change of -2.79% and -12.51% over the past three months. DELL shares are trading -26.88% year to date (YTD), with the 12-month market performance down to -25.35% lower. It has a 12-month low price of $32.90 and touched a high of $61.54 over the same period. DELL has an average intraday trading volume of 3.32 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 3.33%, 9.61%, and -9.49% respectively.
Institutional ownership of Dell Technologies Inc. (NYSE: DELL) shares accounts for 77.10% of the company’s 739.00M shares outstanding. Mutual fund holders own 36.18%, while other institutional holders and individual stakeholders account for 40.14% and 22.52% respectively.
It has a market capitalization of $29.90B and a beta (3y monthly) value of 0.90. The stock’s trailing 12-month PE ratio is 6.70, while the earnings-per-share (ttm) stands at $6.13. The company has a PEG of 0.95 and a Quick Ratio of 0.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 3.11% over the week and 2.92% over the month.
Analysts forecast that Dell Technologies Inc. (DELL) will achieve an EPS of $1.6 for the current quarter, $1.66 for the next quarter and $6.98 for 2024. The lowest estimate earnings-per-share for the quarter is $1.54 while analysts give the company a high EPS estimate of $1.66. Comparatively, EPS for the current quarter was $2.37 a year ago. Earnings per share for the fiscal year are expected to increase by 113.30%, and 1.92% over the next financial year. EPS should shrink at an annualized rate of 7.06% over the next five years, compared to 27.70% over the past 5-year period.
Looking at the support for the DELL, a number of firms have released research notes about the stock. Jefferies stated their Hold rating for the stock in a research note on October 31, 2022, with the firm’s price target at $39. Credit Suisse coverage for the Dell Technologies Inc. (DELL) stock in a research note released on August 17, 2022 offered a Outperform rating with a price target of $60. Goldman was of a view on April 01, 2022 that the stock is Neutral, while Morgan Stanley gave the stock Equal-Weight rating on March 31, 2022, issuing a price target of $66- $60. Evercore ISI on their part issued Outperform rating on March 08, 2022.