Hazlett Burt & Watson Inc. Sells 737 Shares of Dell Technologies Inc. $DELL

Hazlett Burt & Watson Inc. trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 22.2% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,580 shares of the technology company’s stock after selling 737 shares during the period. Hazlett Burt & Watson Inc.’s holdings in Dell Technologies were worth $315,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in DELL. Brighton Jones LLC raised its stake in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after acquiring an additional 901 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in shares of Dell Technologies by 44.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company’s stock valued at $238,000 after acquiring an additional 809 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Dell Technologies by 94.8% in the 1st quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company’s stock valued at $539,000 after acquiring an additional 2,878 shares in the last quarter. CX Institutional bought a new position in shares of Dell Technologies in the 1st quarter valued at approximately $174,000. Finally, Focus Financial Network Inc. raised its stake in shares of Dell Technologies by 20.9% in the 1st quarter. Focus Financial Network Inc. now owns 2,490 shares of the technology company’s stock valued at $227,000 after acquiring an additional 431 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies Trading Down 3.4%

DELL opened at $150.67 on Monday. The stock 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. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $166.10. The stock’s 50 day simple moving average is $133.98 and its 200-day simple moving average is $117.11.

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

Dell Technologies Announces Dividend

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

Wall Street Analyst Weigh In

Several research analysts have commented on the company. UBS Group lifted their price target on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley lifted their price target on Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dell Technologies in a research report on Wednesday, October 8th. Raymond James Financial lifted their price target on Dell Technologies from $150.00 to $152.00 and gave the stock an “outperform” rating in a research report on Friday, August 29th. Finally, Daiwa Capital Markets lifted their price target on Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. Seventeen investment 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 an average rating of “Moderate Buy” and a consensus target price of $160.79.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the business’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total value of $80,739,838.52. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of the business’s stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total value of $2,969,467.76. The disclosure for this sale can be found here. Insiders have sold a total of 4,734,418 shares of company stock valued at $666,089,211 in the last 90 days. 42.00% of the stock is owned by corporate insiders.

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).