HTLF Bank Acquires $4.21 Million Stake in Dell Technologies Inc.

HTLF Bank has recently announced that it purchased a new stake in Dell Technologies Inc. (NYSE:DELL) during the fourth quarter of the fiscal year. According to the company's latest SEC Form 13F filing, HTLF Bank acquired a total of 36,521 shares of Dell's stock, which is valued at approximately $4,209,000.

Alongside HTLF Bank, several other institutional investors and hedge funds have also adjusted their holdings in Dell Technologies. For instance, Byrne Asset Management LLC acquired a new stake valued at $28,000 in the fourth quarter. True Wealth Design LLC significantly boosted its position by 2,530% in the third quarter, now owning 263 shares worth $31,000 after adding 253 shares. Additionally, MCF Advisors LLC increased its position by 132%, obtaining 290 shares valued at $34,000 after a purchase of 165 shares. Covestor Ltd also expanded its holdings by 290.7% during the third quarter and now owns 293 shares valued at $35,000. Lastly, Versant Capital Management Inc increased its stake by 54.7% in the fourth quarter, owning 314 shares now valued at $36,000. Altogether, institutional investors and hedge funds control about 76.37% of Dell's total stock.

Insider Transactions

In related news, on January 8th, Director Iv (Gp) L.L.C. Slta sold an impressive 499,045 shares of Dell Technologies. The shares were sold at an average price of $119.73, resulting in a total transaction value of approximately $59.75 million. After this sale, the director retains ownership of 810,657 shares of Dell, worth around $97.06 million, although this represents a 38.10% reduction from their previous holdings. This information has been reported in a filing with the Securities and Exchange Commission (SEC). Additionally, CFO Yvonne McGill sold 8,000 shares of Dell on November 22nd, at an average price of $143.24, totaling $1,145,920. After this sale, she owns 236,419 shares valued at approximately $33.86 million, indicating a 3.27% decrease in her ownership. In the past ninety days, insiders have sold a total of 946,132 shares, totaling $115.66 million in value. Insiders currently hold 46.70% of the company's shares.

Current Stock Performance

As of the latest trading session, Dell Technologies stock opened at $106.45. The company has a 50-day simple moving average of $114.47 and a 200-day simple moving average of $117.24. Over the past year, Dell's stock reached a low of $80.49 and a high of $179.70, giving it a current market capitalization of $74.56 billion. The price-to-earnings ratio stands at 18.81, with a PEG ratio of 0.91, and a beta of 0.90.

Dell Technologies last released its earnings report on November 26th, where the company announced earnings per share (EPS) of $2.15, exceeding analysts' predictions of $1.83 by $0.32. Though the company experienced a negative return on equity of approximately 191.91%, its net margin was reported at 4.36%, with quarterly revenue of $24.37 billion, slightly below the expected $24.67 billion. Year-over-year, revenue increased by 9.5% compared to the same period last year. Analysts forecast that Dell Technologies will achieve an EPS of 6.92 for the current fiscal year.

Dividend Announcement

Recently, Dell Technologies announced a quarterly dividend, which was paid out on January 31st. Shareholders of record on January 22nd received a dividend distribution of $0.445 per share. The ex-dividend date was also set for January 22nd, amounting to an annualized dividend of $1.78, which translates to a yield of 1.67%. The company's dividend payout ratio is currently 31.45%.

Analysts' Price Targets

Various research analysts have released new reports regarding Dell Technologies’ stock. Citigroup adjusted their price target for Dell from $160.00 to $156.00, while maintaining a "buy" rating. Similarly, Mizuho decreased their target from $155.00 to $150.00, also rating the stock as "outperform." Evercore ISI reiterated an "outperform" rating with a price target of $150.00. Additionally, Morgan Stanley increased their target from $136.00 to $154.00, awarding Dell an "overweight" rating. Wells Fargo & Company also raised their target from $140.00 to $160.00 with an “overweight” assessment. Currently, three analysts rate the stock as a hold, while fifteen suggest it is a buy. According to MarketBeat, Dell Technologies holds a consensus rating of "Moderate Buy" with an average price target of $148.06.

Company Overview

Dell Technologies Inc. is actively engaged in designing, developing, manufacturing, marketing, and supporting a wide range of integrated solutions, products, and services. Operating across several geographical regions including the Americas, Europe, the Middle East, and Asia, it functions through two primary segments: Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

HTLF, Dell, Stock, Investment, Earnings