Transcend Capital Advisors LLC Sells 429 Shares of Dell Technologies Inc. $DELL

Transcend Capital Advisors LLC lowered its position in shares of Dell Technologies Inc. (NYSE:DELL) by 18.8% during the second quarter, HoldingsChannel reports. The fund owned 1,850 shares of the technology company’s stock after selling 429 shares during the quarter. Transcend Capital Advisors LLC’s holdings in Dell Technologies were worth $227,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Tradewinds Capital Management LLC grew its position in 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 acquiring an additional 100 shares during the last quarter. Cary Street Partners Financial LLC lifted its holdings in 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 buying an additional 116 shares during the period. Blue Trust Inc. lifted its holdings in 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 buying an additional 124 shares during the period. OneAscent Financial Services LLC lifted its holdings in 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 buying an additional 125 shares during the period. Finally, MRP Capital Investments LLC lifted its holdings in 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 buying an additional 125 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $160.96 on Friday. The company has a market capitalization of $108.22 billion, a price-to-earnings ratio of 23.67, a P/E/G ratio of 1.12 and a beta of 1.05. The business’s 50-day moving average is $139.62 and its 200-day moving average is $123.93. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $167.94.

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. The company 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 anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently declared 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 yield of 1.3%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s dividend payout ratio is 30.88%.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company’s stock in a transaction that occurred 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company’s stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 4,587,755 shares of company stock worth $649,644,973. 42.00% of the stock is owned by company insiders.

Analyst Ratings Changes

DELL has been the topic of several recent research reports. Morgan Stanley lifted their target price on Dell Technologies from $135.00 to $144.00 and gave the stock an “overweight” rating in a report on Thursday, August 21st. Argus lifted their target price on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a report on Thursday, October 9th. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $145.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Bank of America boosted their target price on shares of Dell Technologies from $167.00 to $170.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Wells Fargo & Company boosted their target price on shares of Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and seven have assigned a Hold rating to the company. According to MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus 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).