Dell Technologies Inc. $DELL Shares Sold by Versor Investments LP

Versor Investments LP reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 18.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,763 shares of the technology company’s stock after selling 641 shares during the period. Versor Investments LP’s holdings in Dell Technologies were worth $339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division acquired a new stake in Dell Technologies during the second quarter worth about $29,000. N.E.W. Advisory Services LLC acquired a new stake in Dell Technologies during the first quarter worth about $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies during the first quarter worth about $27,000. Flaharty Asset Management LLC acquired a new stake in Dell Technologies during the first quarter worth about $27,000. Finally, Cullen Frost Bankers Inc. increased its position in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after purchasing an additional 222 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

NYSE DELL opened at $152.44 on Thursday. The firm has a 50 day simple moving average of $141.69 and a 200-day simple moving average of $126.23. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $168.08. The firm has a market cap of $102.50 billion, a price-to-earnings ratio of 22.42, a PEG ratio of 1.05 and a beta of 1.02.

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 business had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.4%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s payout ratio is 30.88%.

Insider Activity 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 that occurred 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business’s stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,587,755 shares of company stock valued at $649,644,973 in the last quarter. 42.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

DELL has been the subject of several recent analyst reports. Fox Advisors cut shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a research report on Friday, August 29th. JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, October 8th. Argus lifted their price target on shares of Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. TD Cowen lifted their price target on shares of Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a research report on Wednesday, October 8th. Finally, The Goldman Sachs Group lifted their price target on shares of Dell Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. One research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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).