Versor Investments LP Trims Stock Position in Dell Technologies Inc. $DELL

Versor Investments LP lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 18.8% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,763 shares of the technology company’s stock after selling 641 shares during the quarter. Versor Investments LP’s holdings in Dell Technologies were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DELL. Brighton Jones LLC lifted its position in shares of Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after buying an additional 901 shares during the last quarter. D.A. Davidson & CO. lifted its position in shares of Dell Technologies by 9.2% during the 1st quarter. D.A. Davidson & CO. now owns 6,782 shares of the technology company’s stock worth $618,000 after buying an additional 569 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in shares of Dell Technologies by 11.4% during the 1st quarter. OneDigital Investment Advisors LLC now owns 5,004 shares of the technology company’s stock worth $456,000 after buying an additional 512 shares during the last quarter. Concurrent Investment Advisors LLC increased its holdings in shares of Dell Technologies by 56.5% in the 1st quarter. Concurrent Investment Advisors LLC now owns 6,184 shares of the technology company’s stock valued at $564,000 after acquiring an additional 2,232 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in shares of Dell Technologies by 24.0% in the 1st quarter. Envestnet Asset Management Inc. now owns 702,560 shares of the technology company’s stock valued at $64,038,000 after acquiring an additional 136,069 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL opened at $152.44 on Thursday. The stock has a market capitalization of $102.50 billion, a P/E ratio of 22.42, a P/E/G ratio of 1.05 and a beta of 1.02. The company’s fifty day moving average is $141.69 and its two-hundred day moving average is $126.23. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $168.08.

Dell Technologies (NYSE:DELL) last announced 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. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

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

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’s stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 4,587,755 shares of company stock worth $649,644,973. Corporate insiders own 42.00% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on DELL. Wells Fargo & Company lifted their target price 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. Citigroup lifted their target price on shares of Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday, October 8th. Bank of America lifted their target price 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. UBS Group lifted their target price 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. Finally, Argus lifted their target price on shares of Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a report on Thursday, October 9th. One analyst has rated the stock with a Strong Buy rating, eighteen have given a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $162.80.

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).