Wealthspire Advisors LLC Invests $291,000 in Dell Technologies Inc. $DELL

Wealthspire Advisors LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 2,375 shares of the technology company’s stock, valued at approximately $291,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. N.E.W. Advisory Services LLC purchased a new position in shares of Dell Technologies during the first quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new stake in shares of Dell Technologies in the first quarter worth approximately $27,000. Flaharty Asset Management LLC bought a new stake in shares of Dell Technologies during the 1st quarter worth approximately $27,000. Westside Investment Management Inc. boosted its holdings in Dell Technologies by 84.7% during the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after acquiring an additional 100 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in Dell Technologies in the 2nd quarter valued at $29,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’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 document filed with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the firm’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 value of $74,760,800.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 4,537,755 shares of company stock valued at $642,644,973. Corporate insiders own 42.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DELL. Bank of America decreased their target price on Dell Technologies from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Thursday. Barclays raised their price target on Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 8th. UBS Group boosted their price objective on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Wells Fargo & Company increased their price target 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. Finally, Argus raised their price objective on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Seventeen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $160.85.

Dell Technologies Stock Performance

Shares of DELL opened at $122.57 on Friday. The business’s 50-day moving average is $143.58 and its two-hundred day moving average is $129.65. The company has a market capitalization of $82.41 billion, a P/E ratio of 18.03, a P/E/G ratio of 0.83 and a beta of 1.02. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $168.08.

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

Dell Technologies Announces Dividend

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

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).