Dell Technologies Inc. $DELL Shares Sold by Empirical Financial Services LLC d.b.a. Empirical Wealth Management

Key Points

• Empirical Financial Services has reduced its stake in Dell Technologies by 9.9%, selling 6,758 shares, and now holds shares worth $7.5 million.
• Analyst price targets for Dell have been raised, with a consensus target price of $148.67 and a majority rating of "Buy" from 16 analysts.
• Dell announced a quarterly dividend of $0.525 per share, which will be paid on October 31st, 2023, reflecting a dividend yield of 1.4%.

Empirical Financial Services LLC d.b.a. Empirical Wealth Management reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 9.9% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 61,182 shares of the technology company's stock after selling 6,758 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management's holdings in Dell Technologies were worth $7,501,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC boosted its stake in shares of Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after acquiring an additional 506 shares in the last quarter. First Hawaiian Bank boosted its stake in shares of Dell Technologies by 67.1% during the 1st quarter. First Hawaiian Bank now owns 34,878 shares of the technology company's stock worth $3,179,000 after acquiring an additional 14,010 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after acquiring an additional 809 shares in the last quarter. Mather Group LLC. boosted its stake in shares of Dell Technologies by 113.3% during the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock worth $95,000 after acquiring an additional 554 shares in the last quarter. Finally, Westbourne Investments Inc. lifted its stake in Dell Technologies by 167.5% in the 1st quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company's stock valued at $1,988,000 after buying an additional 13,657 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on DELL. Daiwa Capital Markets raised their price target on shares of Dell Technologies from $125.00 to $140.00 and gave the company an "outperform" rating in a research note on Thursday, September 11th. TD Cowen raised their target price on shares of Dell Technologies from $125.00 to $130.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. Cowen reissued a "hold" rating on shares of Dell Technologies in a research note on Friday, August 29th. UBS Group raised their target price on shares of Dell Technologies from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Finally, Morgan Stanley raised their price target on shares of Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $148.67.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director William D. Green sold 50,000 shares of Dell Technologies stock in a transaction on Monday, August 11th. The stock was sold at an average price of $140.00, for a total transaction of $7,000,000.00. Following the sale, the director directly owned 45,045 shares of the company's stock, valued at approximately $6,306,300. This trade represents a 52.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,204,462 shares of company stock worth $420,370,484 over the last 90 days. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Performance

Dell Technologies stock opened at $147.28 on Friday. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $152.10. The firm has a 50 day moving average price of $131.65 and a 200 day moving average price of $114.63. The company has a market capitalization of $99.03 billion, a PE ratio of 21.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.04.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating the consensus estimate of $2.29 by $0.03. The firm had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm's revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared 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 is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies's payout ratio is 30.88%.

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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