Kingswood Wealth Advisors LLC Sells 7,461 Shares of Dell Technologies Inc. $DELL

Key Points

• Kingswood Wealth Advisors LLC reduced its stake in Dell Technologies by 31.7%, selling 7,461 shares during the second quarter, and now holds 16,082 shares valued at approximately $1,972,000.
• Multiple institutional investors, including Vanguard and Deutsche Bank, have increased their stakes in Dell Technologies, with institutional ownership now standing at 76.37%.
• Dell Technologies reported $2.32 EPS for the last quarter, exceeding expectations, while also announcing a quarterly dividend of $0.525 per share, set to be paid on October 31st.

Kingswood Wealth Advisors LLC trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 31.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,082 shares of the technology company's stock after selling 7,461 shares during the period. Kingswood Wealth Advisors LLC's holdings in Dell Technologies were worth $1,972,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of Dell Technologies by 4.1% during the first 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 last quarter. Boston Partners raised its stake in shares of Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after buying an additional 1,312,600 shares during the last quarter. Deutsche Bank AG increased 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 purchasing an additional 1,142,012 shares in the last quarter. Alkeon Capital Management LLC increased its stake in Dell Technologies by 41.4% in 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 purchasing an additional 931,032 shares in the last quarter. Finally, Invesco Ltd. increased its stake in Dell Technologies by 20.5% in the first quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company's stock valued at $269,150,000 after purchasing an additional 502,764 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. KeyCorp assumed coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. Morgan Stanley upped their target price on shares of Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Citigroup upped their target price on shares of Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 11th. UBS Group upped their target price on shares of Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Finally, Daiwa Capital Markets upped their target price 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. Sixteen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $148.67.

Dell Technologies Stock Up 3.5%

Dell Technologies stock opened at $150.79 on Wednesday. The stock has a market capitalization of $101.39 billion, a PE ratio of 22.18, a price-to-earnings-growth ratio of 1.00 and a beta of 1.05. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $154.70. The company has a 50 day moving average of $132.43 and a 200-day moving average of $115.74.

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

Dell Technologies Dividend Announcement

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

Insider Buying and Selling

In related news, Director William D. Green sold 65,000 shares of the stock in a transaction on Thursday, October 2nd. The shares were sold at an average price of $150.50, for a total transaction of $9,782,500.00. Following the completion of the transaction, the director owned 47,619 shares in the company, valued at approximately $7,166,659.50. This represents a 57.72% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the stock in a transaction 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 disclosure for this sale can be found here. Over the last 90 days, insiders sold 3,781,682 shares of company stock worth $505,183,267. 42.00% of the stock is owned by insiders.

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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