Dell Technologies Inc. $DELL Shares Sold by Monument Capital Management

Monument Capital Management lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 21.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,110 shares of the technology company’s stock after selling 844 shares during the period. Monument Capital Management’s holdings in Dell Technologies were worth $381,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of Dell Technologies in the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies during the first quarter worth $26,000. Cheviot Value Management LLC purchased a new stake in Dell Technologies during the first quarter worth $27,000. Flaharty Asset Management LLC purchased a new stake in Dell Technologies during the first quarter worth $27,000. Finally, Cullen Frost Bankers Inc. boosted its position in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock worth $28,000 after purchasing an additional 222 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Down 3.4%

Shares of Dell Technologies stock opened at $150.67 on Friday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $166.10. The business has a fifty day simple moving average of $133.98 and a 200-day simple moving average of $116.82. The stock has a market cap of $101.31 billion, a PE ratio of 22.16, a price-to-earnings-growth ratio of 1.06 and a beta of 1.05.

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. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The business had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

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

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the company’s stock in a transaction on Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total transaction of $2,969,467.76. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the company’s stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total value of $80,739,838.52. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,734,418 shares of company stock valued at $666,089,211. 42.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. Bank of America boosted their price target on Dell Technologies from $167.00 to $170.00 and gave the stock a “buy” rating in a report on Wednesday, October 1st. Mizuho upped their price target on Dell Technologies from $160.00 to $170.00 and gave the stock an “outperform” rating in a research note on Wednesday. Sanford C. Bernstein upped their target price on Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday. Morgan Stanley increased their price target on Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, Citigroup increased their price target on Dell Technologies from $160.00 to $175.00 and gave the company a “buy” rating in a report on Wednesday. Seventeen investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $160.53.

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).