Dell Technologies Inc. $DELL Stock Holdings Lowered by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC reduced its holdings in Dell Technologies Inc. (NYSE:DELL) by 29.2% during the second quarter, Holdings Channel reports. The firm owned 2,884 shares of the technology company’s stock after selling 1,190 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Dell Technologies were worth $354,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Argyle Capital Management LLC raised its holdings in shares of Dell Technologies by 2.4% in the 2nd quarter. Argyle Capital Management LLC now owns 19,896 shares of the technology company’s stock worth $2,439,000 after purchasing an additional 461 shares in the last quarter. Coordinated Financial Services Inc. acquired a new stake in shares of Dell Technologies during the second quarter valued at approximately $303,000. IFP Advisors Inc raised its holdings in shares of Dell Technologies by 76.4% during the second quarter. IFP Advisors Inc now owns 13,266 shares of the technology company’s stock valued at $1,631,000 after acquiring an additional 5,745 shares during the period. Callan Family Office LLC acquired a new stake in shares of Dell Technologies during the second quarter valued at approximately $690,000. Finally, GFG Capital LLC acquired a new stake in shares of Dell Technologies during the second quarter valued at approximately $10,733,000. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Performance

Dell Technologies stock opened at $150.67 on Friday. The firm has a market cap of $101.31 billion, a PE ratio of 22.16, a P/E/G ratio of 1.03 and a beta of 1.05. The firm’s 50 day moving average price is $133.98 and its two-hundred day moving average price is $116.97. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $166.10.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The firm had revenue of $26.43 billion for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be given a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s payout ratio is currently 30.88%.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on DELL. Mizuho boosted their price target on shares of Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday. Barclays boosted their price target on shares of Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday. Argus boosted their price target on shares of Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a report on Thursday. Wells Fargo & Company boosted their price target on shares of Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Morgan Stanley boosted their price target on shares of Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Seventeen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.53.

Insiders Place Their Bets

In other Dell Technologies news, Director William D. Green sold 42,736 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the completion of the sale, the director directly owned 47,619 shares of the company’s stock, valued at $7,619,040. The trade was a 47.30% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total transaction of $80,739,838.52. The disclosure for this sale can be found here. Insiders sold 4,734,418 shares of company stock valued at $666,089,211 over the last ninety days. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).