Axxcess Wealth Management LLC Acquires Shares of 3,570 Dell Technologies Inc. $DELL

Axxcess Wealth Management LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,570 shares of the technology company’s stock, valued at approximately $438,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Cary Street Partners Financial LLC grew its holdings in shares of Dell Technologies by 2.7% in the first quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock valued at $395,000 after purchasing an additional 116 shares in the last quarter. Blue Trust Inc. grew its holdings in shares of Dell Technologies by 16.4% in the second quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock valued at $108,000 after purchasing an additional 124 shares in the last quarter. OneAscent Financial Services LLC grew its holdings in shares of Dell Technologies by 3.4% in the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock valued at $345,000 after purchasing an additional 125 shares in the last quarter. MRP Capital Investments LLC grew its holdings in shares of Dell Technologies by 0.8% in the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock valued at $1,365,000 after purchasing an additional 125 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. grew its holdings in shares of Dell Technologies by 1.2% in the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 10,762 shares of the technology company’s stock valued at $1,319,000 after purchasing an additional 125 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on DELL. Sanford C. Bernstein lifted their price objective on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. UBS Group lifted their price objective on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Cowen reaffirmed a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. JPMorgan Chase & Co. lifted their price objective on shares of Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Finally, Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. One 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $160.79.

Dell Technologies Trading Down 1.1%

NYSE:DELL opened at $149.57 on Friday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $166.10. The company has a market cap of $100.57 billion, a price-to-earnings ratio of 22.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.05. The stock has a fifty day simple moving average of $135.90 and a 200-day simple moving average of $118.81.

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 during 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. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 6,617 shares of the business’s stock in a transaction dated Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total value of $1,003,335.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of the business’s stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total transaction of $2,969,467.76. The disclosure for this sale can be found here. Insiders sold a total of 4,617,755 shares of company stock valued at $653,694,973 over the last three months. 42.00% of the stock is currently owned by corporate insiders.

About Dell Technologies

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).