Fidelity Management & Research Co has recently announced that it has increased stake in Dell Technologies Inc (NYSE:DELL) by 68.09%. After grabbing 8.44 million shares, the institutional investor is now in possession of 3.42 million shares of the Technology Company. The new investment brought the stake of investor firm to 3.16% having worth around $645.56 million. Moreover, BlackRock Fund Advisors increased its share by 0.15 million to have a control over 7.77 million shares. And Arrowstreet Capital LP raised its holdings to 0.16 million shares by acquiring 7.05 million shares or 2.64% of the stake.
Dell Technologies Inc (DELL) concluded trading on Wednesday at a closing price of $83.71, with 3.53 million shares of worth about $295.64 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 53.96% during that period and On Wednesday, January 24 the price saw a gain of about 1.55%. Currently the company’s common shares owned by public are about 706.34M shares, out of which, 243.72M shares are available for trading.
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According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 62 times over the past 12 months. They bought 2,191,994 shares in 23 of the transactions. In 39 selling transactions, insiders dumped 7,894,703 shares.
Vanguard Total Stock Market ETF, Dodge & Cox Stock Fund, and Vanguard Extended Market Index Fu are the top 3 mutual funds which are holding stakes in Dell Technologies Inc Vanguard Total Stock Market ETF is currently holding 7.99 million shares of worth totaling $611.06 million. The company recently came buying 0.45 million shares which brought its stake up to 2.99% of the company’s outstanding shares. Dodge & Cox Stock Fund sold -3.91 million shares, after which its hold over company’s outstanding shares shrunk to 2.87%, leaving 7.69 million shares with the mutual fund that have a worth of about $587.92 million. Vanguard Extended Market Index Fu, after buying 3.72 million shares, have now control over 1.39% of the stake in the company. It holds 73827.0 shares of worth $284.83 million.
However, the stock later moved at a day high price of 84.92, or with a gain of 1.55%. Stock saw a price change of 7.79% in past 5 days and over the past one month there was a price change of 11.14%. Year-to-date (YTD), DELL shares are showing a performance of 9.42% which increased to 103.97% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $35.96 but also hit the highest price of $84.75 during that period. The average intraday trading volume for Dell Technologies Inc shares is 4.43 million. The stock is currently trading 7.15% above its 20-day simple moving average (SMA20), while that difference is up 12.10% for SMA50 and it goes to 38.18% higher than SMA200.
Fidelity Management & Research Co acquired 8.44 million shares of Dell Technologies Inc having value of about $645.56 million. Data submitted at the U.S SEC by Fidelity Management & Research Co revealed that the firm now holds 3.42 million shares in the company valued at close to $286159956.28, or have control over 68.09% stake in the company. Dell Technologies Inc (NYSE: DELL) currently have 706.34M outstanding shares and institutions hold larger chunk of about 27.96% of that. Holding of mutual funds in the company is about 33.98% while other institutional holders and individual stake holders have control over 40.31% and 25.70% of the stake respectively.
The stock has a current market capitalization of $59.13B and its 3Y-monthly beta is at 0.89. PE ratio of stock for trailing 12 months is 23.18, while it has posted earnings per share of $3.61 in the same period. Its PEG reads 28.61 and has Quick Ratio of 0.63. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for DELL, volatility over the week remained 3.39% while standing at 2.22% over the month.
Analysts are in expectations that Dell Technologies Inc (DELL) stock would likely to be making an EPS of $Dell Technologies Inc. in the current quarter, while forecast for next quarter EPS is $83.71 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Welltower Inc. which is $Richardson Electronics, Ltd. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $EA Series Trust Strive U.S. Ene in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -12.53% while it is estimated to increase by 6.81% in next year.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by JP Morgan on January 08, 2024 offering an Overweight rating for the stock and assigned a target price range of between $77 and $90 to it.
