Defender Capital LLC. Reduces Holdings in Dell Technologies Inc. $DELL

Defender Capital LLC. trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 33.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,000 shares of the technology company’s stock after selling 3,000 shares during the period. Dell Technologies accounts for about 0.2% of Defender Capital LLC.’s investment portfolio, making the stock its 22nd biggest holding. Defender Capital LLC.’s holdings in Dell Technologies were worth $736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cary Street Partners Financial LLC increased its stake in shares of Dell Technologies by 2.7% in the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock worth $395,000 after acquiring an additional 116 shares in the last quarter. Blue Trust Inc. increased its stake in shares of Dell Technologies by 16.4% in the 2nd quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock worth $108,000 after acquiring an additional 124 shares in the last quarter. OneAscent Financial Services LLC increased its stake in shares of Dell Technologies by 3.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock worth $345,000 after acquiring an additional 125 shares in the last quarter. MRP Capital Investments LLC increased its stake in shares of Dell Technologies by 0.8% in the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock worth $1,365,000 after acquiring an additional 125 shares in the last quarter. Finally, Cantor Fitzgerald Investment Advisors L.P. increased its stake in shares of Dell Technologies by 1.2% in the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 10,762 shares of the technology company’s stock worth $1,319,000 after acquiring an additional 125 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the firm’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total transaction of $2,969,467.76. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director William D. Green sold 42,736 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the sale, the director owned 47,619 shares in the company, valued at approximately $7,619,040. The trade was a 47.30% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 4,561,318 shares of company stock worth $644,276,880. Company insiders own 42.00% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on DELL shares. Weiss Ratings reiterated a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. UBS Group raised their price target on shares of Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Raymond James Financial raised their price target on shares of Dell Technologies from $150.00 to $152.00 and gave the company an “outperform” rating in a report on Friday, August 29th. Bank of America raised their price target on shares of Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Daiwa Capital Markets raised their price target on shares of Dell Technologies from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Thursday, September 11th. Seventeen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $160.79.

Dell Technologies Trading Up 1.9%

DELL opened at $153.42 on Tuesday. The company has a market cap of $103.16 billion, a price-to-earnings ratio of 22.56, a PEG ratio of 1.03 and a beta of 1.05. The company’s 50 day moving average is $134.44 and its 200 day moving average is $117.53. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $166.10.

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

Dell Technologies Announces Dividend

The company 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 dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.4%. Dell Technologies’s dividend payout ratio (DPR) is presently 30.88%.

About Dell Technologies

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).