Dell Technologies Inc. $DELL Shares Sold by Stratos Wealth Advisors LLC

Stratos Wealth Advisors LLC lowered its holdings in shares of Dell Technologies Inc. (NYSE:DELLFree Report) by 47.0% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,162 shares of the technology company’s stock after selling 3,685 shares during the period. Stratos Wealth Advisors LLC’s holdings in Dell Technologies were worth $510,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Vectors Research Management LLC lifted its stake in shares of Dell Technologies by 12.9% in the 2nd quarter. Vectors Research Management LLC now owns 12,658 shares of the technology company’s stock worth $1,552,000 after acquiring an additional 1,444 shares during the period. Applied Finance Capital Management LLC increased its holdings in shares of Dell Technologies by 24.9% in the 2nd quarter. Applied Finance Capital Management LLC now owns 13,941 shares of the technology company’s stock valued at $1,709,000 after purchasing an additional 2,777 shares in the last quarter. Riverbend Wealth Management LLC purchased a new position in Dell Technologies during the 2nd quarter valued at about $680,000. Stratos Investment Management LLC increased its holdings in Dell Technologies by 1,242.5% during the 2nd quarter. Stratos Investment Management LLC now owns 48,667 shares of the technology company’s stock valued at $5,967,000 after acquiring an additional 45,042 shares in the last quarter. Finally, Empirical Asset Management LLC purchased a new position in Dell Technologies during the 2nd quarter valued at about $683,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Activity

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction dated Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale can be found here. Insiders have sold 4,617,755 shares of company stock valued at $653,694,973 in the last 90 days. Insiders own 42.00% of the company’s stock.

Dell Technologies Price Performance

DELL stock opened at $149.57 on Monday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10. The firm has a fifty day moving average price of $135.90 and a two-hundred day moving average price of $119.26. The firm has a market cap of $100.57 billion, a price-to-earnings ratio of 22.00, a PEG ratio of 1.02 and a beta of 1.05.

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

Dell Technologies Announces Dividend

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

Analyst Ratings Changes

DELL has been the subject of a number of recent research reports. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dell Technologies in a report on Wednesday, October 8th. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Fox Advisors lowered shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Mizuho lifted their target price on shares of Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Finally, Cowen reissued a “hold” rating on shares of Dell Technologies in a research report on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $160.79.

Read Our Latest Stock Report on Dell Technologies

Dell Technologies Profile

(Free Report)

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).

See Also

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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