Dell Technologies Inc. $DELL Shares Sold by Cetera Investment Advisers

Cetera Investment Advisers lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 10.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 152,575 shares of the technology company’s stock after selling 17,085 shares during the quarter. Cetera Investment Advisers’ holdings in Dell Technologies were worth $18,706,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. lifted its holdings in shares of Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after acquiring an additional 1,145,658 shares during the last quarter. Boston Partners lifted its stake in Dell Technologies by 14.9% during the second quarter. Boston Partners now owns 5,896,622 shares of the technology company’s stock worth $724,578,000 after purchasing an additional 763,745 shares in the last quarter. Deutsche Bank AG boosted its position in shares of Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after buying an additional 1,142,012 shares during the period. Alkeon Capital Management LLC grew its stake in shares of Dell Technologies by 41.4% in the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock valued at $289,657,000 after buying an additional 931,032 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Dell Technologies by 20.5% in the 1st quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company’s stock valued at $269,150,000 after buying an additional 502,764 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Stock Up 0.3%

Shares of NYSE:DELL opened at $122.80 on Wednesday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $168.08. The firm’s 50 day moving average price is $143.89 and its 200 day moving average price is $129.36. The stock has a market cap of $82.57 billion, a price-to-earnings ratio of 18.06, a price-to-earnings-growth ratio of 0.84 and a beta of 1.02.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results 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 company had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, equities analysts anticipate 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. Shareholders of record on Tuesday, October 21st were paid a $0.525 dividend. The ex-dividend date was Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.

Analysts Set New Price Targets

Several equities analysts have weighed in on DELL shares. JPMorgan Chase & Co. lifted their target price on Dell Technologies from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday. Sanford C. Bernstein lifted their price objective on shares of Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a report on Wednesday, October 8th. Barclays increased their target price on shares of Dell Technologies from $133.00 to $151.00 and gave the stock an “equal weight” rating in a report on Wednesday, October 8th. Fox Advisors downgraded shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 29th. Finally, UBS Group upped their price objective on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research report on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $161.35.

Insider Activity at Dell Technologies

In other news, Director Lake Group L.L.C. Silver sold 6,617 shares of the company’s stock in a transaction dated Tuesday, October 14th. The stock was sold at an average price of $151.63, for a total transaction of $1,003,335.71. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William D. Green sold 42,736 shares of the firm’s stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total value of $6,837,760.00. Following the sale, the director directly owned 47,619 shares in the company, valued at $7,619,040. This trade represents a 47.30% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 4,537,755 shares of company stock worth $642,644,973 over the last three months. Company insiders own 42.00% of the company’s stock.

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).