Clearstead Trust LLC Sells 840 Shares of Dell Technologies Inc. $DELL

Clearstead Trust LLC reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 75.3% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 276 shares of the technology company’s stock after selling 840 shares during the period. Clearstead Trust LLC’s holdings in Dell Technologies were worth $34,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Westside Investment Management Inc. boosted its holdings in Dell Technologies by 84.7% during the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Dell Technologies during the 2nd quarter worth approximately $29,000. NewSquare Capital LLC boosted its stake in Dell Technologies by 96.9% in the 2nd quarter. NewSquare Capital LLC now owns 254 shares of the technology company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. N.E.W. Advisory Services LLC bought a new stake in Dell Technologies in the first quarter valued at $26,000. Finally, Cheviot Value Management LLC acquired a new position in Dell Technologies during the first quarter worth $27,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Ratings Changes

DELL has been the topic of several analyst reports. The Goldman Sachs Group upped their target price on shares of Dell Technologies from $155.00 to $175.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Bank of America boosted their price target on shares of Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a research report on Wednesday, October 1st. JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $145.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, October 8th. Evercore ISI set a $180.00 target price on Dell Technologies and gave the stock an “outperform” rating in a report on Monday, November 3rd. Finally, UBS Group increased 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, October 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $162.80.

Dell Technologies Stock Down 0.3%

Shares of DELL opened at $133.58 on Friday. The stock’s fifty day simple moving average is $143.87 and its 200-day simple moving average is $128.45. The firm has a market capitalization of $89.82 billion, a PE ratio of 19.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.02. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $168.08.

Dell Technologies (NYSE:DELL) last announced 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. Analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were given a dividend of $0.525 per share. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. Dell Technologies’s payout ratio is presently 30.88%.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’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 SEC filing for this sale provides additional information. In the last three months, insiders sold 4,537,755 shares of company stock worth $642,644,973. 42.00% of the stock is currently owned by company 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).