Dell Technologies Inc. $DELL Shares Sold by Forum Financial Management LP

Forum Financial Management LP trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL) by 16.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,107 shares of the technology company’s stock after selling 414 shares during the period. Forum Financial Management LP’s holdings in Dell Technologies were worth $258,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division acquired a new position in shares of Dell Technologies in the second quarter worth about $29,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Dell Technologies during the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies during the first quarter worth approximately $26,000. Cheviot Value Management LLC bought a new stake in shares of Dell Technologies in the first quarter worth $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in Dell Technologies in the first quarter valued at $27,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $162.30 on Tuesday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $166.10. The business’s fifty day moving average price is $137.66 and its two-hundred day moving average price is $122.50. The company has a market capitalization of $109.12 billion, a P/E ratio of 23.87, a PEG ratio of 1.08 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 company had revenue of $26.43 billion for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share 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. Investors of record on Tuesday, October 21st will be paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.

Insider Activity

In other Dell Technologies news, Director Ellen Jamison Kullman sold 79,806 shares of the company’s stock in a transaction that occurred on Wednesday, October 15th. The stock was sold at an average price of $153.56, for a total value of $12,255,009.36. Following the completion of the sale, the director directly owned 65,662 shares in the company, valued at $10,083,056.72. This represents a 54.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the business’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. Insiders have sold 4,587,755 shares of company stock valued at $649,644,973 over the last 90 days. Corporate insiders own 42.00% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DELL shares. Raymond James Financial boosted their target price on shares of Dell Technologies from $152.00 to $161.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 21st. Morgan Stanley boosted their price objective on Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Zacks Research raised Dell Technologies from a “hold” rating to a “strong-buy” rating in a report on Monday, October 13th. Argus boosted 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. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Dell Technologies 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 MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $161.80.

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).