Exencial Wealth Advisors LLC Boosts Stock Holdings in Dell Technologies Inc. $DELL

Exencial Wealth Advisors LLC grew its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 9.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 4,498 shares of the technology company’s stock after buying an additional 394 shares during the period. Exencial Wealth Advisors LLC’s holdings in Dell Technologies were worth $551,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Vanguard Group Inc. grew its position in Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock valued at $2,653,032,000 after acquiring an additional 1,145,658 shares during the period. Boston Partners grew its holdings in shares of Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock worth $466,418,000 after purchasing an additional 1,312,600 shares during the period. Deutsche Bank AG increased its position in Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after purchasing an additional 1,142,012 shares in the last quarter. Alkeon Capital Management LLC raised its holdings in 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 during the period. Finally, Invesco Ltd. lifted its position in Dell Technologies by 20.5% during the first 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 in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently commented on DELL. KeyCorp initiated coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a “sector weight” rating on the stock. Argus increased their price target on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 9th. Sanford C. Bernstein boosted their price objective on Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. TD Cowen upped their target price on Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a research report on Wednesday, October 8th. Finally, Mizuho increased their target price on Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.80.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $154.22 on Friday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $166.10. The stock’s 50-day simple moving average is $136.77 and its 200-day simple moving average is $120.76. The firm has a market cap of $103.69 billion, a price-to-earnings ratio of 22.68, a PEG ratio of 1.02 and a beta of 1.05.

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

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s payout ratio is 30.88%.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total transaction of $2,969,467.76. The sale 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 Dell Technologies 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 completion of the transaction, the director owned 47,619 shares of the company’s stock, valued at $7,619,040. This trade represents a 47.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,617,755 shares of company stock valued at $653,694,973 over the last ninety days. 42.00% of the stock is currently owned by corporate insiders.

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).