Catalyst Capital Advisors LLC Sells 74 Shares of Dell Technologies Inc. $DELL

Catalyst Capital Advisors LLC lessened its position in Dell Technologies Inc. (NYSE:DELL) by 14.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453 shares of the technology company’s stock after selling 74 shares during the period. Catalyst Capital Advisors LLC’s holdings in Dell Technologies were worth $56,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Tradewinds Capital Management LLC boosted its holdings in shares of Dell Technologies by 4.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock worth $261,000 after buying an additional 100 shares during the period. Cary Street Partners Financial LLC boosted its holdings in shares of Dell Technologies by 2.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock worth $395,000 after buying an additional 116 shares during the period. Blue Trust Inc. boosted its holdings in shares of Dell Technologies by 16.4% during the 2nd quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock worth $108,000 after buying an additional 124 shares during the period. OneAscent Financial Services LLC boosted its holdings in shares of Dell Technologies by 3.4% during the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock worth $345,000 after buying an additional 125 shares during the period. Finally, MRP Capital Investments LLC boosted its holdings in shares of Dell Technologies by 0.8% during the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock worth $1,365,000 after buying an additional 125 shares during the period. Institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’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 available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’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. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,617,755 shares of company stock valued at $653,694,973. 42.00% of the stock is owned by corporate insiders.

Dell Technologies Trading Up 2.9%

Shares of NYSE:DELL opened at $158.67 on Friday. The firm has a 50 day moving average of $137.17 and a 200-day moving average of $121.69. The stock has a market capitalization of $106.68 billion, a PE ratio of 23.33, a PEG ratio of 1.08 and a beta of 1.05. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $166.10.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. The company had revenue of $26.43 billion during 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. On average, research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s dividend payout ratio is currently 30.88%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DELL. Fox Advisors downgraded shares of Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. JPMorgan Chase & Co. boosted their price objective on shares of Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a report on Friday. Raymond James Financial boosted their price objective on shares of Dell Technologies from $152.00 to $161.00 and gave the company an “outperform” rating in a report on Tuesday. Finally, Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a 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 given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.80.

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).