Invictus Private Wealth LLC Decreases Stake in Dell Technologies Inc. $DELL

Key Points

• Invictus Private Wealth LLC reduced its stake in Dell Technologies by 25.2%, now holding 54,003 shares valued at approximately $6.62 million.
• Several institutional investors increased their positions in Dell, with notable increases of 67.1% and 113.3% from other firms during the same period.
• Dell Technologies announced a quarterly dividend of $0.525 per share to be paid on October 31st, representing an annual yield of 1.4%.

Invictus Private Wealth LLC reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 25.2% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,003 shares of the technology company's stock after selling 18,185 shares during the period. Dell Technologies makes up about 0.5% of Invictus Private Wealth LLC's holdings, making the stock its 25th largest position. Invictus Private Wealth LLC's holdings in Dell Technologies were worth $6,621,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in the stock. Exchange Traded Concepts LLC boosted its position in shares of Dell Technologies by 25.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after buying an additional 506 shares in the last quarter. First Hawaiian Bank boosted its position in shares of Dell Technologies by 67.1% in the 1st quarter. First Hawaiian Bank now owns 34,878 shares of the technology company's stock worth $3,179,000 after buying an additional 14,010 shares in the last quarter. Carolina Wealth Advisors LLC purchased a new stake in shares of Dell Technologies in the 2nd quarter worth about $8,869,000. Wealthcare Advisory Partners LLC boosted its position in shares of Dell Technologies by 44.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after buying an additional 809 shares in the last quarter. Finally, Mather Group LLC. boosted its position in shares of Dell Technologies by 113.3% in the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock worth $95,000 after buying an additional 554 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was 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 Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 4,734,418 shares of company stock valued at $666,089,211. 42.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms recently commented on DELL. Mizuho boosted their price objective on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an "outperform" rating in a research report on Wednesday. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Barclays upped their target price on shares of Dell Technologies from $133.00 to $151.00 and gave the company an "equal weight" rating in a report on Wednesday. Cowen restated a "hold" rating on shares of Dell Technologies in a report on Friday, August 29th. Finally, Argus upped their target price on shares of Dell Technologies from $150.00 to $200.00 and gave the company a "buy" rating in a report on Thursday. Seventeen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $160.53.

Dell Technologies Price Performance

NYSE DELL opened at $150.67 on Friday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $166.10. The company has a 50-day moving average of $133.98 and a 200-day moving average of $116.82. The company has a market cap of $101.31 billion, a P/E ratio of 22.16, a P/E/G ratio of 1.06 and a beta of 1.05.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The firm had revenue of $26.43 billion during the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. 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 firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given 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 dividend payout ratio is 30.88%.

Dell Technologies 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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