Amplius Wealth Advisors LLC Buys Shares of 2,059 Dell Technologies Inc. $DELL

Amplius Wealth Advisors LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 2,059 shares of the technology company’s stock, valued at approximately $252,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. N.E.W. Advisory Services LLC bought a new position in Dell Technologies during the first quarter worth about $26,000. Cheviot Value Management LLC purchased a new stake in shares of Dell Technologies during the 1st quarter valued at approximately $27,000. Flaharty Asset Management LLC bought a new position in Dell Technologies in the 1st quarter worth approximately $27,000. Cullen Frost Bankers Inc. grew its stake in Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock valued at $28,000 after buying an additional 222 shares in the last quarter. Finally, Central Pacific Bank Trust Division bought a new stake in Dell Technologies during the 2nd quarter valued at $29,000. 76.37% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Fox Advisors lowered Dell Technologies from an “overweight” rating to an “equal weight” rating in a research note on Friday, August 29th. UBS Group upped their price target on Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a research report on Wednesday, October 8th. Barclays raised their price objective on shares of Dell Technologies from $133.00 to $151.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 8th. 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 research note on Wednesday, October 8th. Finally, Citigroup increased their target price on shares of Dell Technologies from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Wednesday, October 8th. One research 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 stock. According to MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $161.80.

Dell Technologies Trading Down 1.6%

DELL opened at $160.96 on Friday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $167.94. The stock has a 50-day moving average price of $139.62 and a 200-day moving average price of $123.93. The stock has a market capitalization of $108.22 billion, a P/E ratio of 23.67, a PEG ratio of 1.12 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 for the quarter. The firm 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, equities 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 given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.3%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is presently 30.88%.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’s stock in a transaction 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 document filed 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 firm’s stock in a transaction 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 SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 4,587,755 shares of company stock worth $649,644,973. 42.00% of the stock is owned by insiders.

Dell Technologies 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).