Dell Technologies Inc. $DELL Holdings Cut by Migdal Insurance & Financial Holdings Ltd.

Migdal Insurance & Financial Holdings Ltd. decreased its stake in Dell Technologies Inc. (NYSE:DELL) by 6.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,840 shares of the technology company’s stock after selling 253 shares during the quarter. Migdal Insurance & Financial Holdings Ltd.’s holdings in Dell Technologies were worth $476,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the business. Tradewinds Capital Management LLC increased its stake in shares of Dell Technologies by 4.9% during the 2nd quarter. Tradewinds Capital Management LLC now owns 2,130 shares of the technology company’s stock worth $261,000 after purchasing an additional 100 shares during the last quarter. Cary Street Partners Financial LLC increased its stake in shares of Dell Technologies by 2.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company’s stock worth $395,000 after purchasing an additional 116 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Dell Technologies by 16.4% during the 2nd quarter. Blue Trust Inc. now owns 882 shares of the technology company’s stock worth $108,000 after purchasing an additional 124 shares during the last quarter. OneAscent Financial Services LLC increased its stake in shares of Dell Technologies by 3.4% during the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company’s stock worth $345,000 after purchasing an additional 125 shares during the last quarter. Finally, MRP Capital Investments LLC increased its stake in shares of Dell Technologies by 0.8% during the 1st quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company’s stock worth $1,365,000 after purchasing an additional 125 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business’s stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s 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 disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 4,587,755 shares of company stock valued at $649,644,973. Insiders own 42.00% of the company’s stock.

Dell Technologies Stock Down 0.9%

Shares of DELL stock opened at $163.41 on Thursday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $167.94. The company has a market capitalization of $109.88 billion, a P/E ratio of 24.03, a P/E/G ratio of 1.12 and a beta of 1.05. The firm has a 50-day moving average price of $138.95 and a 200 day moving average price of $123.67.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The company had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be paid a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.3%. Dell Technologies’s payout ratio is currently 30.88%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DELL. Susquehanna raised their target price on shares of Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Bank of America raised their target price on shares of Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a research note on Wednesday, October 1st. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, October 8th. UBS Group raised their target price on shares of Dell Technologies from $155.00 to $186.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. Finally, Zacks Research upgraded shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research note on Monday, October 13th. 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 company. According to MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average target price of $161.80.

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).