7,118 Dell Technologies Inc. $DELL Shares Sold by Argent Capital Management LLC

Key Points

• Argent Capital Management reduced its Dell stake by 3.4%, selling 7,118 shares and retaining 205,111 shares valued at approximately $110.3 million. Institutional investors collectively own 76.37% of Dell.
• Insiders have been substantial sellers, disposing of 1.91 million shares worth nearly $994.9 million over the past three months, while insider ownership stands at 41.5%.
• Analysts maintain a favorable outlook, with Dell carrying a consensus “Moderate Buy” rating and an average price target of $569.12. The stock recently traded at $549.69 after quarterly earnings and revenue exceeded expectations.

Argent Capital Management LLC lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 3.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,111 shares of the technology company's stock after selling 7,118 shares during the period. Dell Technologies makes up 0.8% of Argent Capital Management LLC's investment portfolio, making the stock its 7th biggest holding. Argent Capital Management LLC's holdings in Dell Technologies were worth $110,339,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in DELL. Bank of America Corp DE boosted its holdings in Dell Technologies by 7.6% in the first quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company's stock worth $2,362,624,000 after acquiring an additional 1,011,101 shares in the last quarter. Deutsche Bank AG raised its position in shares of Dell Technologies by 24.6% during the fourth quarter. Deutsche Bank AG now owns 5,517,070 shares of the technology company's stock worth $694,489,000 after purchasing an additional 1,090,336 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Dell Technologies by 140.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company's stock worth $1,090,294,000 after purchasing an additional 1,474,347 shares in the last quarter. Epoch Investment Partners Inc. grew its position in Dell Technologies by 3.5% in the 4th quarter. Epoch Investment Partners Inc. now owns 975,336 shares of the technology company's stock valued at $122,775,000 after purchasing an additional 33,234 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in Dell Technologies by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company's stock valued at $157,869,000 after purchasing an additional 27,668 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the completion of the sale, the director owned 64,209 shares in the company, valued at $33,217,884.06. This trade represents a 58.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the company's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value of $42,942,324.04. Following the completion of the transaction, the director owned 73,185 shares in the company, valued at approximately $37,861,527.90. The trade was a 53.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,906,193 shares of company stock valued at $994,871,197 over the last three months. Insiders own 41.50% of the company's stock.

Analyst Ratings Changes

A number of research firms have weighed in on DELL. Evercore reaffirmed an "outperform" rating and issued a $650.00 price objective on shares of Dell Technologies in a research note on Wednesday, September 9th. Piper Sandler restated an "overweight" rating and issued a $558.00 target price (up from $497.00) on shares of Dell Technologies in a report on Wednesday, September 2nd. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a research note on Wednesday, September 2nd. Bank of America boosted their price objective on Dell Technologies from $505.00 to $600.00 and gave the stock a "buy" rating in a report on Monday, August 31st. Finally, Susquehanna restated a "positive" rating on shares of Dell Technologies in a report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $569.12.

Dell Technologies Stock Down 2.3%

DELL stock traded down $12.83 during trading on Monday, reaching $549.69. The stock had a trading volume of 1,927,986 shares, compared to its average volume of 8,343,814. The company has a market capitalization of $349.50 billion, a price-to-earnings ratio of 31.95, a P/E/G ratio of 0.58 and a beta of 1.37. Dell Technologies Inc. has a one year low of $110.22 and a one year high of $595.51. The company's 50 day moving average is $490.74 and its two-hundred day moving average is $368.22.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, topping the consensus estimate of $4.91 by $2.13. The business had revenue of $46.97 billion for the quarter, compared to analysts' expectations of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%.The business's revenue was up 57.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.70 earnings per share. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. As a group, research analysts predict that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, October 20th. Dell Technologies's payout ratio is presently 14.63%.

About Dell Technologies

Dell Technologies Inc NYSE: DELL is a global technology company that develops, sells and supports information technology hardware, software and services. Its offerings include personal computers, workstations, monitors, accessories and other client devices, as well as enterprise infrastructure products such as servers, storage systems, networking equipment and data protection solutions.

The company also provides technology consulting, support, managed services and infrastructure solutions designed to help organizations operate data centers, private and hybrid clouds, artificial intelligence workloads and digital workplaces.

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