Dell Technologies Inc. $DELL Shares Sold by Wealth Alliance LLC

Wealth Alliance LLC cut its position in Dell Technologies Inc. (NYSE:DELL) by 36.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,063 shares of the technology company’s stock after selling 1,160 shares during the period. Wealth Alliance LLC’s holdings in Dell Technologies were worth $253,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies during the 1st quarter worth about $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth about $27,000. Flaharty Asset Management LLC purchased a new stake in Dell Technologies during the first quarter worth approximately $27,000. Westside Investment Management Inc. boosted its holdings in Dell Technologies by 84.7% in 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. Finally, Cullen Frost Bankers Inc. increased its stake in Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Trading Down 0.3%

Shares of DELL stock opened at $133.58 on Friday. The company has a market capitalization of $89.82 billion, a P/E ratio of 19.64, a price-to-earnings-growth ratio of 0.91 and a beta of 1.02. The business’s 50 day moving average is $143.87 and its two-hundred day moving average is $128.45. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $168.08.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results 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 analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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 yield of 1.6%. Dell Technologies’s payout ratio is presently 30.88%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. The disclosure for this sale is available in the SEC filing. Insiders sold 4,537,755 shares of company stock valued at $642,644,973 in the last quarter. 42.00% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Daiwa Capital Markets boosted their price objective on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a research report on Thursday, September 11th. The Goldman Sachs Group upped their price objective on shares of Dell Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Fox Advisors lowered Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Barclays boosted their target price on Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a report on Wednesday, October 8th. Finally, Bank of America raised their price target on Dell Technologies from $167.00 to $170.00 and gave the stock a “buy” rating in a research note on Wednesday, October 1st. One research analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $162.80.

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).