The Vanguard Group, 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 4.26% to 16.75 million shares with purchase of 0.68 million shares. This fresh investment now brings its stake to 6.61% valued currently at $1.15 billion. In addition, Arrowstreet Capital LP raised its holdings by 2.36 million to 6.89 million shares. And Citadel Advisors LLC has lifted its position by 11.43% or 0.57 million shares – to 5.57 million shares.
With over 4.85 million Dell Technologies Inc (DELL) shares trading Tuesday and a closing price of $73.89 on the day, the dollar volume was approximately $358.51 million. The shares have shown a positive half year performance of 62.83% and its price on 11/14/23 gained nearly 0.16%. Currently, there are 723.41M common shares owned by the public and among those 248.93M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
An analysis of what Wall Street brokers have to say about the expected price targets for this stock gives us this picture: 20 analysts who have offered their price forecasts for DELL have a consensus price objective of $74.15. The analysts have set the share’s price value over the next 12 months at a high of $89.00 and a low of $53.00. The average price target is 0.35% above its recent price level and a downside to the estimated low will see the stock lose -39.42% over that period. But an upside of 16.98% will see the stock hit the forecast high price target while median target price for the stock is $78.00.
Insiders at the company have transacted a total of 65 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 2,191,994 shares. Insider sales of the common stock occurred on 42 occasions, with total insider shares sold totaling 4,115,953 shares.
The top 3 mutual fund holders in Dell Technologies Inc are Dodge & Cox Stock Fund, Vanguard Total Stock Market ETF, and Vanguard Extended Market Index Fu. Dodge & Cox Stock Fund owns 7.69 million shares of the company’s stock, all valued at over $529.51 million. The company sold -3.91 million shares recently to bring their total holdings to about 3.03% of the shares outstanding. Vanguard Total Stock Market ETF sold 67774.0 shares to see its total holdings shrink to 7.52 million shares valued at over $517.81 million and representing 2.97% of the shares outstanding. Vanguard Extended Market Index Fu sold 10213.0 shares to bring its total holdings to over 3.53 million shares at a value of $243.32 million. Vanguard Extended Market Index Fu now owns shares totaling to 1.39% of the shares outstanding.
Shares of Dell Technologies Inc (NYSE: DELL) opened at $74.435, up $0.67 from a prior closing price of $73.77. However, the script later moved the day high at 74.46, up 0.16%. The company’s stock has a 5-day price change of 3.18% and 33.81% over the past three months. DELL shares are trading 83.71% year to date (YTD), with the 12-month market performance up to 73.13% higher. It has a 12-month low price of $35.96 and touched a high of $74.05 over the same period. DELL has an average intraday trading volume of 4.98 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 7.65%, 7.38%, and 40.90% respectively.
Institutional ownership of Dell Technologies Inc (NYSE: DELL) shares accounts for 27.56% of the company’s 723.41M shares outstanding. Mutual fund holders own 32.91%, while other institutional holders and individual stakeholders account for 43.12% and 21.43% respectively.
It has a market capitalization of $53.45B and a beta (3y monthly) value of 0.91. The stock’s trailing 12-month PE ratio is 28.62, while the earnings-per-share (ttm) stands at $2.58. The company has a PEG of 36.22 and a Quick Ratio of 0.64. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.02% over the week and 2.35% over the month.
Analysts forecast that Dell Technologies Inc (DELL) will achieve an EPS of $1.46 for the current quarter, $1.82 for the next quarter and $6.82 for 2025. The lowest estimate earnings-per-share for the quarter is $1.36 while analysts give the company a high EPS estimate of $1.53. Comparatively, EPS for the current quarter was $2.3 a year ago. Earnings per share for the fiscal year are expected to decrease by -16.60%, and 8.64% over the next financial year.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 20 brokerage firm advisors rate Dell Technologies Inc (DELL) as a “Moderate Buy” at a consensus score of 2.05. Specifically, 10 Wall Street analysts polled rate the stock as a buy, while 4 of the 20 advise that investors “hold,” and 1 rated it as a “Sell.”
Looking at the support for the DELL, a number of firms have released research notes about the stock. Daiwa Securities stated their Outperform rating for the stock in a research note on September 19, 2023, with the firm’s price target at $50-$80.
