Wealthfront Advisers LLC Sells 2,547 Shares of Dell Technologies Inc. $DELL

Wealthfront Advisers LLC cut its stake in Dell Technologies Inc. (NYSE:DELL) by 4.8% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 50,821 shares of the technology company’s stock after selling 2,547 shares during the period. Wealthfront Advisers LLC’s holdings in Dell Technologies were worth $6,231,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DELL. Smallwood Wealth Investment Management LLC bought a new stake in Dell Technologies in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC bought a new stake in Dell Technologies in the 1st quarter valued at $26,000. Cheviot Value Management LLC bought a new stake in Dell Technologies in the 1st quarter valued at $27,000. Flaharty Asset Management LLC acquired a new position in shares of Dell Technologies in the 1st quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after acquiring an additional 222 shares during the period. 76.37% of the stock is owned by institutional investors.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was 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. Over the last ninety days, insiders sold 4,587,755 shares of company stock valued at $649,644,973. Insiders own 42.00% of the company’s stock.

Dell Technologies Stock Up 2.3%

Shares of DELL stock opened at $162.30 on Tuesday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $166.10. The company has a market capitalization of $109.12 billion, a P/E ratio of 23.87, a P/E/G ratio of 1.08 and a beta of 1.05. The firm has a 50-day moving average price of $137.66 and a 200 day moving average price of $122.50.

Dell Technologies (NYSE:DELL) last announced 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 company 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, research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.3%. Dell Technologies’s payout ratio is currently 30.88%.

Analysts Set New Price Targets

A number of research firms have recently commented on DELL. Morgan Stanley raised their price objective on shares of Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Zacks Research raised shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Argus raised their price objective on shares of Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Sanford C. Bernstein raised their price objective on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Finally, Bank of America raised their price objective on shares of Dell Technologies from $167.00 to $170.00 and gave the stock a “buy” rating in a report 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’s stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $161.80.

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).