Dell Technologies Inc. $DELL Shares Sold by Avantax Advisory Services Inc.

Avantax Advisory Services Inc. lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 25.4% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,367 shares of the technology company’s stock after selling 6,243 shares during the quarter. Avantax Advisory Services Inc.’s holdings in Dell Technologies were worth $2,252,000 as of its most recent filing with the SEC.

Other institutional investors have also recently made changes to their positions in the company. N.E.W. Advisory Services LLC purchased a new position in Dell Technologies in the 1st quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new stake in shares of Dell Technologies during the first quarter worth $27,000. Flaharty Asset Management LLC acquired a new stake in shares of Dell Technologies in the first quarter valued at $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 during the period. Finally, Central Pacific Bank Trust Division acquired a new position in Dell Technologies during the 2nd quarter worth $29,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on DELL. Susquehanna increased their price target on Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, October 8th. Argus upped their target price on shares of Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Fox Advisors downgraded shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 29th. Raymond James Financial boosted their price target on shares of Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a report on Tuesday, October 21st. Finally, Sanford C. Bernstein raised their price objective on shares of Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Seventeen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $160.85.

Dell Technologies Price Performance

DELL stock opened at $122.57 on Friday. The company has a market cap of $82.41 billion, a price-to-earnings ratio of 18.03, a price-to-earnings-growth ratio of 0.80 and a beta of 1.02. The company has a fifty day moving average price of $143.58 and a 200 day moving average price of $129.41. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08.

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

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were paid a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.7%. Dell Technologies’s dividend payout ratio is currently 30.88%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Ellen Jamison Kullman sold 79,806 shares of Dell Technologies stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $153.56, for a total value of $12,255,009.36. Following the transaction, the director directly owned 65,662 shares in the company, valued at approximately $10,083,056.72. This trade represents a 54.86% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director William D. Green sold 42,736 shares of the business’s stock in a transaction that occurred on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total value of $6,837,760.00. Following the completion of the transaction, the director directly owned 47,619 shares in the company, valued at approximately $7,619,040. The trade was a 47.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,537,755 shares of company stock worth $642,644,973 in the last ninety days. Company insiders own 42.00% of the company’s stock.

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).