GPS Wealth Strategies Group LLC Lowers Stake in Dell Technologies Inc. $DELL

GPS Wealth Strategies Group LLC lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 35.1% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,191 shares of the technology company’s stock after selling 1,183 shares during the quarter. GPS Wealth Strategies Group LLC’s holdings in Dell Technologies were worth $269,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the company. Ellevest Inc. raised its position in Dell Technologies by 10.0% during the second quarter. Ellevest Inc. now owns 3,806 shares of the technology company’s stock valued at $467,000 after purchasing an additional 345 shares in the last quarter. NewSquare Capital LLC raised its holdings in shares of Dell Technologies by 96.9% during the 2nd quarter. NewSquare Capital LLC now owns 254 shares of the technology company’s stock valued at $31,000 after buying an additional 125 shares in the last quarter. Prosperity Consulting Group LLC raised its holdings in shares of Dell Technologies by 13.8% during the 2nd quarter. Prosperity Consulting Group LLC now owns 3,799 shares of the technology company’s stock valued at $466,000 after buying an additional 460 shares in the last quarter. Huntington National Bank raised its holdings in shares of Dell Technologies by 91.2% during the 2nd quarter. Huntington National Bank now owns 2,893 shares of the technology company’s stock valued at $355,000 after buying an additional 1,380 shares in the last quarter. Finally, Westside Investment Management Inc. raised its stake in shares of Dell Technologies by 84.7% during the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other 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 stock was 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 SEC, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business’s stock in a transaction on Monday, September 22nd. The shares were 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 4,587,755 shares of company stock worth $649,644,973 over the last three months. Insiders own 42.00% of the company’s stock.

Dell Technologies Trading Down 1.4%

DELL stock opened at $152.44 on Thursday. The firm’s 50-day moving average price is $141.69 and its two-hundred day moving average price is $126.23. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $168.08. The stock has a market capitalization 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 released its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $26.43 billion for 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 year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Stockholders 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 dividend yield of 1.4%. Dell Technologies’s payout ratio is 30.88%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DELL. Wall Street Zen raised shares of Dell Technologies from a “hold” rating to a “buy” rating in a research note on Saturday, September 13th. Wells Fargo & Company lifted their target price on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. Argus lifted their price objective on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. Zacks Research upgraded Dell Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Finally, UBS Group lifted their price objective on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a report on Wednesday, October 8th. One research analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $162.80.

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).