Dell Technologies Inc. $DELL Stake Trimmed by Forum Financial Management LP

Forum Financial Management LP lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 16.4% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,107 shares of the technology company’s stock after selling 414 shares during the period. Forum Financial Management LP’s holdings in Dell Technologies were worth $258,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC lifted its position in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after acquiring an additional 901 shares in the last quarter. GAMMA Investing LLC raised its stake in Dell Technologies by 94.8% during the 1st quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company’s stock valued at $539,000 after purchasing an additional 2,878 shares during the period. Creative Financial Designs Inc. ADV boosted its position in shares of Dell Technologies by 124.7% in the first quarter. Creative Financial Designs Inc. ADV now owns 1,027 shares of the technology company’s stock worth $94,000 after buying an additional 570 shares during the period. Transcend Capital Advisors LLC boosted its position in shares of Dell Technologies by 12.7% in the first quarter. Transcend Capital Advisors LLC now owns 2,279 shares of the technology company’s stock worth $208,000 after buying an additional 257 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its holdings in shares of Dell Technologies by 2.9% during the first quarter. Allspring Global Investments Holdings LLC now owns 270,992 shares of the technology company’s stock valued at $24,920,000 after buying an additional 7,672 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

DELL has been the subject of a number of research reports. Bank of America raised their price objective on Dell Technologies from $167.00 to $170.00 and gave the stock a “buy” rating in a research report on Wednesday, October 1st. Mizuho raised their price target on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a report on Wednesday, October 8th. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Sanford C. Bernstein increased their target price on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Finally, Evercore ISI boosted their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a report on Friday, August 15th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $161.80.

Dell Technologies Stock Performance

Dell Technologies stock opened at $162.30 on Tuesday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The firm has a market capitalization of $109.12 billion, a PE ratio of 23.87, a PEG ratio of 1.08 and a beta of 1.05. The business’s 50-day simple moving average is $137.66 and its 200-day simple moving average is $122.50.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 EPS 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. Research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

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

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’s stock in a transaction on 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 document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction on 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 90 days, insiders have sold 4,587,755 shares of company stock worth $649,644,973. Corporate insiders own 42.00% of the company’s stock.

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).