Over the past quarter, the Oregon Public Employees Retirement Fund has reported a staggering 24.8% increase in its holdings of Dell Technologies Inc. (NYSE:DELL). It is estimated that at the close of the period, the company owned 120,766, and the value of these shares was estimated to be $4,857,000. By acquiring 24,017 additional shares, the company has brought its total number of shares owned to 120,766, with a value of $4,857,000.
In addition to Dell Technologies' recent earnings release, a company called Dell Technologies has also published its earnings results. The company released its earnings results for the third quarter on March 2nd, which surpassed analysts’ consensus estimates by $0.17 and resulted in an impressive $1.55 per share EPS for the quarter, resulting in a $22.82 billion increase in revenue.
There have been several notable analyst reports in recent weeks regarding DELL shares, in response to this news. It has been reported that Raymond James lowered their target price on DELL stock from $50.00 to $45.00 but still maintains an “outperform” rating for the stock, published in a report published earlier this week. According to a research report released on Tuesday, KGI Securities upgraded Dell Technologies from a “neutral” rating to a “outperform” rating. In the case of Dell Technologies, Sanford C Bernstein has decreased their target price from $60.00 to $51.00 while Deutsche Bank Aktiengesellschaft has decreased its price objective from $48.00 to $45.00.
It appears that overall the market's rating of Dell is listed as a "Moderate Buy," with average predictions estimating that by the end of the year, Dell's stock will be valued at around $47.50 per share, despite these fluctuations in the stock. At this rate, I expect Dell's stock price to reach a high of around $60.00.
As Dell Technologies continues to grow at such impressive rates, and also receives significant positive feedback and assessments from trade analysts around the world, the future looks bright for this company. Should investors choose to invest here against intense competition within the industry, they are likely to reap significant rewards and gains, as well as significant gains.
There has been a change in holdings of Dell Technologies by institutional investors following mixed reviews by analysts and the resignation of several directors
A number of institutional investors have modified their holdings of Dell Technologies, a multinational company headquartered in Texas, in recent weeks, which is causing the company to gain significant attention in the financial markets. When Accurate Wealth Management LLC acquired Dell Technologies for about $26,000 in Q4 2020, Ellevest Inc. purchased 156.2% of Dell Technologies in Q3 last year, while the investment of Dell Technologies increased by about $26,000 from Q4 2020 to Q4 2020. There have been several new stakes acquired over the last year in Dell Technologies, including those owned by Brown Brothers Harriman & Co., Riverview Trust Co., and Romano Brothers and Company.
As of Friday's opening price, Dell shares were trading at $40.23 with a market cap of $28.81 billion and a P/E ratio of 12.49. A company's 50-day simple moving average (SMA) has reached a high of $52.60 and a low of $32.90, while its 200-day SMA is currently $39.72. A company's 50-day SMA stands at $40.18 and its 200-day SMA is $39.72.
DELL shares have been under debate among analysts, as Raymond James reduced their target price for DELL shares from $50 to $45 per share. In March of last year, KGI Securities upgraded Dell Technologies from neutral to outperform. In addition, Dell Technologies provided solid financial results for both Q3 and Q4 FY2020 filings, with revenue and operating income figures exceeding expectations.
A quarterly dividend payment worth $0.37 is now being paid to shareholders starting in April this year after the IT giant increased its dividend payout from $0.33 per share to $0.37 per share, a hike of 3.68% from its previous dividend payout of $0.33 per share. This is a significant increase in earnings performance over the past few quarters despite fluctuations in various sectors of technology.
A related story is that Thomas W Sweet (CFO) recently sold over 283k shares at an average price per share of about $40 at the end of March, while Anthony Charles Whitten (COO) recently sold about 16k shares around the same time frame. The securities and exchange commission has been informed that these sales amount to almost $12 million in total value and totaled approximately $22 million.
In spite of Dell Technologies' struggles in the market, such sales may raise questions about the confidence of the company's leadership as investors continue to look for opportunities within the tech industry while attempting to find new investment opportunities. According to their own risk tolerance and investment goals, each investor has the responsibility to evaluate these developments based on their own risk tolerance.
As a leading independent research provider, TradeAlgo keeps you connected from anywhere.