Ritholtz Wealth Management Sells 4,894 Shares of Dell Technologies Inc. $DELL

Ritholtz Wealth Management decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 20.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 18,785 shares of the technology company’s stock after selling 4,894 shares during the quarter. Ritholtz Wealth Management’s holdings in Dell Technologies were worth $2,303,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DELL. Central Pacific Bank Trust Division acquired a new stake in shares of Dell Technologies in the 2nd quarter valued at $29,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at $27,000. Institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the subject of several research reports. Susquehanna lifted their target price on Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. TD Cowen lifted their target price on Dell Technologies from $130.00 to $150.00 and gave the company a “hold” rating in a research note on Wednesday, October 8th. Evercore ISI lifted their target price on Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a research note on Friday, August 15th. UBS Group lifted their price objective on Dell Technologies from $155.00 to $186.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. Finally, Morgan Stanley lifted their price objective on Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a research note on Thursday, August 21st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $160.79.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 4,537,949 shares of company stock worth $641,439,964. Corporate insiders own 42.00% of the company’s stock.

Dell Technologies Stock Down 1.7%

Shares of Dell Technologies stock opened at $151.07 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 $135.67 and a 200 day simple moving average of $118.41. The stock has a market cap of $101.57 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. The firm had revenue of $26.43 billion for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. 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 firm also recently announced 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. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.4%. Dell Technologies’s payout ratio is currently 30.88%.

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).