Signaturefd LLC Has $164,000 Stock Position in Dell Technologies Inc. (NYSE:DELL)

Defense World · Jul 26, 2022 17:21

Signaturefd LLC boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL – Get Rating) by 9.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,268 shares of the technology company's stock after purchasing an additional 273 shares during the period. Signaturefd LLC's holdings in Dell Technologies were worth $164,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DELL. Allegheny Financial Group LTD bought a new position in Dell Technologies in the fourth quarter valued at approximately $25,000. Benjamin Edwards Inc. bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $26,000. Covestor Ltd bought a new position in shares of Dell Technologies during the 4th quarter worth approximately $31,000. Avondale Wealth Management bought a new position in shares of Dell Technologies during the 1st quarter worth approximately $31,000. Finally, Capital Analysts LLC boosted its stake in shares of Dell Technologies by 353.1% during the 4th quarter. Capital Analysts LLC now owns 648 shares of the technology company's stock worth $36,000 after acquiring an additional 505 shares during the period. 30.05% of the stock is currently owned by institutional investors.

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Dell Technologies Trading Up 1.2 %

Shares of DELL opened at $43.85 on Tuesday. Dell Technologies Inc. has a 52-week low of $38.33 and a 52-week high of $61.54. The business's fifty day moving average is $46.03 and its 200-day moving average is $50.35. The company has a debt-to-equity ratio of 2.23, a quick ratio of 0.66 and a current ratio of 0.78. The firm has a market cap of $32.43 billion, a price-to-earnings ratio of 6.02, a PEG ratio of 0.60 and a beta of 0.89.

Dell Technologies (NYSE:DELL – Get Rating) last issued its quarterly earnings data on Thursday, May 26th. The technology company reported $1.64 earnings per share for the quarter, topping analysts' consensus estimates of $1.12 by $0.52. The business had revenue of $26.12 billion for the quarter, compared to analyst estimates of $25.23 billion. Dell Technologies had a return on equity of 126.94% and a net margin of 5.29%. Dell Technologies's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 EPS. Equities analysts anticipate that Dell Technologies Inc. will post 5.99 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 29th. Investors of record on Wednesday, July 20th will be given a dividend of $0.33 per share. The ex-dividend date of this dividend is Tuesday, July 19th. This represents a $1.32 dividend on an annualized basis and a yield of 3.01%. Dell Technologies's dividend payout ratio is currently 18.11%.

Insider Buying and Selling

In related news, CAO Brunilda Rios sold 5,969 shares of the business's stock in a transaction on Wednesday, June 8th. The stock was sold at an average price of $50.95, for a total transaction of $304,120.55. Following the sale, the chief accounting officer now owns 18,985 shares in the company, valued at approximately $967,285.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 47.30% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on DELL shares. JPMorgan Chase & Co. reduced their target price on Dell Technologies from $60.00 to $55.00 and set an "overweight" rating for the company in a research note on Thursday, July 14th. The Goldman Sachs Group cut Dell Technologies from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $68.00 to $61.00 in a report on Friday, April 1st. Barclays lifted their price target on Dell Technologies from $53.00 to $54.00 and gave the stock an "equal weight" rating in a report on Tuesday, May 31st. Bank of America lifted their price target on Dell Technologies from $65.00 to $67.00 and gave the stock a "buy" rating in a report on Friday, May 27th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Dell Technologies from $65.00 to $60.00 in a report on Friday, May 27th. Five investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $71.15.

About Dell Technologies

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Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports information technology (IT) solutions, products, and services worldwide. The company operates through three segments: Infrastructure Solutions Group (ISG), Client Solutions Group (CSG), and VMware. The ISG segment provides traditional and next-generation storage solutions; and rack, blade, tower, and hyperscale servers.