Dell Technologies Inc. $DELL Position Lowered by Bulltick Wealth Management LLC

Bulltick Wealth Management LLC decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 12.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 72,090 shares of the technology company’s stock after selling 9,918 shares during the period. Dell Technologies makes up approximately 2.2% of Bulltick Wealth Management LLC’s investment portfolio, making the stock its 10th biggest position. Bulltick Wealth Management LLC’s holdings in Dell Technologies were worth $8,838,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. N.E.W. Advisory Services LLC bought a new position in Dell Technologies during the first quarter valued at $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies in the first quarter valued at approximately $27,000. Flaharty Asset Management LLC purchased a new position in shares of Dell Technologies in the 1st quarter valued at approximately $27,000. Westside Investment Management Inc. lifted its position in Dell Technologies by 84.7% during the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its holdings in shares of Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock valued at $28,000 after acquiring an additional 222 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on DELL. Piper Sandler initiated coverage on shares of Dell Technologies in a research report on Tuesday, October 21st. They set an “overweight” rating and a $172.00 price target on the stock. Barclays increased their target price on shares of Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. UBS Group upped their target price on Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Susquehanna upped their price objective on Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, October 8th. Finally, Wall Street Zen upgraded Dell Technologies from a “hold” rating to a “buy” rating in a report on Saturday, September 13th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $162.80.

Insiders Place Their Bets

In related 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 value of $74,760,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 stock was 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. Insiders sold a total of 4,537,755 shares of company stock worth $642,644,973 over the last ninety days. Insiders own 42.00% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $133.58 on Monday. 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 1 year low of $66.25 and a 1 year high of $168.08. The firm’s 50-day moving average is $143.87 and its two-hundred day moving average is $128.95.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The business 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. Analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st were issued a $0.525 dividend. 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 dividend payout ratio is presently 30.88%.

Dell Technologies Company 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).