Arista Wealth Management LLC Purchases Shares of 9,713 Dell Technologies Inc. $DELL

Key Points

• Arista Wealth Management LLC purchased 9,713 shares of Dell Technologies, worth approximately $1.19 million, marking a significant move during the 2nd quarter.
• Insider trading activity revealed that corporate insiders sold 4.5 million shares valued at $641 million over the last ninety days, indicating possible shifts in shareholder sentiment.
• Several analysts have raised their price targets for Dell Technologies, with Bank of America increasing its target from $167 to $170 and Goldman Sachs raising it from $155 to $175.

Arista Wealth Management LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 9,713 shares of the technology company's stock, valued at approximately $1,191,000.

Other institutional investors also recently modified their holdings of the company. Boston Partners boosted its position in shares of Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after purchasing an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. raised its stake in Dell Technologies by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after buying an additional 1,145,658 shares during the period. Deutsche Bank AG grew its stake in Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after acquiring an additional 1,142,012 shares during the period. Alkeon Capital Management LLC increased its holdings in shares of Dell Technologies by 41.4% during the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company's stock valued at $289,657,000 after acquiring an additional 931,032 shares in the last quarter. Finally, Auto Owners Insurance Co raised its position in shares of Dell Technologies by 18,732.9% during the first quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock worth $71,188,000 after purchasing an additional 776,853 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Buying and Selling

In other news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the company's stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 19,256 shares of Dell Technologies stock in a transaction on Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total value of $2,969,467.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,537,949 shares of company stock valued at $641,439,964. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Down 1.7%

NYSE DELL opened at $151.07 on Friday. The company has a market cap of $101.57 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 1.05 and a beta of 1.05. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The firm's 50-day simple moving average is $135.67 and its two-hundred day simple moving average is $118.41.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) 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 for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

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 issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's payout ratio is presently 30.88%.

Analysts Set New Price Targets

Several analysts recently issued reports on DELL shares. Bank of America lifted their price target on shares of Dell Technologies from $167.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday, October 1st. TD Cowen boosted their target price on shares of Dell Technologies from $130.00 to $150.00 and gave the stock a "hold" rating in a research report on Wednesday, October 8th. The Goldman Sachs Group raised their price target on shares of Dell Technologies from $155.00 to $175.00 and gave the company a "buy" rating in a research report on Wednesday, October 8th. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $145.00 to $165.00 and gave the company an "overweight" rating in a research note on Wednesday, October 8th. Finally, Raymond James Financial increased their price objective on Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the company's stock. According to MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $160.79.

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).

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