Vest Financial LLC Has $1.02 Million Holdings in Dell Technologies Inc. $DELL

Key Points

• Vest Financial LLC reduced its holdings in Dell Technologies by 35.4%, owning 8,347 shares worth approximately $1.02 million after selling 4,571 shares in the second quarter.
• Insider transactions have increased, with significant sales by directors totaling over 4.5 million shares valued at approximately $643 million over the past 90 days, representing a decline in their stake by 42%.
• Dell Technologies recently reported earnings of $1.68 EPS for the quarter and has set future guidance at $6.10-6.50 EPS, with multiple brokerages adjusting their price targets to reflect positive outlooks.

Vest Financial LLC cut its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 35.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 8,347 shares of the technology company's stock after selling 4,571 shares during the period. Vest Financial LLC's holdings in Dell Technologies were worth $1,023,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in 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 increased its holdings in 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 holdings in Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after buying an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC increased its holdings in 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 worth $289,657,000 after buying an additional 931,032 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Dell Technologies by 20.5% during the first quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company's stock worth $269,150,000 after buying an additional 502,764 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the business's stock in a transaction dated Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total value of $2,969,467.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William D. Green sold 42,736 shares of the company's stock in a transaction dated Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the sale, the director directly owned 47,619 shares of the company's stock, valued at $7,619,040. This represents a 47.30% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 4,551,332 shares of company stock valued at $643,036,628. 42.00% of the stock is owned by company insiders.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $153.69 on Thursday. The firm has a 50-day moving average of $135.32 and a 200-day moving average of $118.00. The stock has a market cap of $103.34 billion, a PE ratio of 22.60, a PEG ratio of 1.02 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.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. The company 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. Equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share 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. Stockholders of record on Tuesday, October 21st will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend 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

A number of brokerages recently weighed in on DELL. JPMorgan Chase & Co. boosted their target price on shares of Dell Technologies from $145.00 to $165.00 and gave the stock an "overweight" rating in a report on Wednesday, October 8th. Raymond James Financial lifted their price objective on shares of Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Susquehanna lifted their price objective on shares of Dell Technologies from $120.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 8th. Cowen reaffirmed a "hold" rating on shares of Dell Technologies in a research report on Friday, August 29th. Finally, Fox Advisors cut shares of Dell Technologies from an "overweight" rating to an "equal weight" rating in a research report 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 assigned a Hold rating to the company's stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and an average price target of $160.79.

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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