TD Asset Management Inc Reduces Position in Dell Technologies Inc. $DELL

Key Points

• TD Asset Management Inc has reduced its position in Dell Technologies by 5.0%, selling 14,814 shares and now holding 281,702 shares valued at approximately $34.5 million.
• In recent insider activity, directors of Dell Technologies sold a significant number of shares, with one director selling 824,999 shares for over $112 million on September 22.
• Analysts have recently increased their price targets for Dell Technologies, with UBS and Zacks Research both upgrading their ratings and setting new price objectives as high as $186.

TD Asset Management Inc cut its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 5.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 281,702 shares of the technology company's stock after selling 14,814 shares during the period. TD Asset Management Inc's holdings in Dell Technologies were worth $34,537,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in DELL. Cary Street Partners Financial LLC raised its holdings in Dell Technologies by 2.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company's stock valued at $395,000 after buying an additional 116 shares during the period. Blue Trust Inc. raised its stake in shares of Dell Technologies by 16.4% in the second quarter. Blue Trust Inc. now owns 882 shares of the technology company's stock valued at $108,000 after acquiring an additional 124 shares during the period. OneAscent Financial Services LLC raised its stake in shares of Dell Technologies by 3.4% in the first quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock valued at $345,000 after acquiring an additional 125 shares during the period. MRP Capital Investments LLC raised its stake in shares of Dell Technologies by 0.8% in the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock valued at $1,365,000 after acquiring an additional 125 shares during the period. Finally, Cantor Fitzgerald Investment Advisors L.P. raised its position in Dell Technologies by 1.2% in the 2nd quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 10,762 shares of the technology company's stock worth $1,319,000 after purchasing an additional 125 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company's stock in a transaction 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 disclosure for this sale can be found here. Over 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.

Analysts Set New Price Targets

A number of research firms recently weighed in on DELL. UBS Group increased their price objective on shares of Dell Technologies from $155.00 to $186.00 and gave the stock a "buy" rating in a research report on Wednesday, October 8th. Zacks Research raised Dell Technologies from a "hold" rating to a "strong-buy" rating in a research report on Monday. Weiss Ratings restated a "hold (c+)" rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Raymond James Financial upped their target price on shares of Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, Evercore ISI increased their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $160.79.

Dell Technologies Stock Down 1.7%

DELL stock opened at $151.07 on Friday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $166.10. The firm has a 50 day moving average of $135.67 and a 200 day moving average of $118.41. The stock has a market capitalization 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 (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, October 5th. The technology company reported $1.68 EPS for the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The company had revenue of $26.43 billion during the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. On average, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be issued a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.4%. Dell Technologies's dividend payout ratio is presently 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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