WealthPlan Investment Management LLC Acquires 2,256 Shares of Dell Technologies Inc. $DELL

WealthPlan Investment Management LLC boosted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 26.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 10,701 shares of the technology company’s stock after buying an additional 2,256 shares during the period. WealthPlan Investment Management LLC’s holdings in Dell Technologies were worth $1,312,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the business. Mutual Advisors LLC bought a new stake in Dell Technologies during the second quarter valued at $243,000. Aries Wealth Management bought a new stake in Dell Technologies during the second quarter valued at $231,000. Hamilton Point Investment Advisors LLC boosted its stake in Dell Technologies by 1,805.5% during the second quarter. Hamilton Point Investment Advisors LLC now owns 47,143 shares of the technology company’s stock valued at $5,780,000 after buying an additional 44,669 shares during the period. Courier Capital LLC boosted its stake in Dell Technologies by 9.9% during the second quarter. Courier Capital LLC now owns 9,368 shares of the technology company’s stock valued at $1,149,000 after buying an additional 842 shares during the period. Finally, Sagespring Wealth Partners LLC boosted its stake in Dell Technologies by 48.4% during the second quarter. Sagespring Wealth Partners LLC now owns 3,601 shares of the technology company’s stock valued at $442,000 after buying an additional 1,175 shares during the period. Institutional investors own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,537,949 shares of company stock worth $641,439,964. 42.00% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on DELL. Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Dell Technologies in a research report on Friday, August 29th. Raymond James Financial raised their price target on Dell Technologies from $150.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. TD Cowen raised their price target on Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded Dell Technologies from a “hold” rating to a “strong-buy” rating in a research report on Monday. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $160.79.

Dell Technologies Trading Down 1.7%

DELL opened at $151.07 on Friday. The company has a market cap of $101.57 billion, a P/E ratio of 22.22, a P/E/G ratio of 1.05 and a beta of 1.05. The business’s 50-day moving average price is $135.67 and its 200-day moving average price is $118.41. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 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 EPS for the quarter. The firm 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 research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

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).