WealthPlan Investment Management LLC Purchases 2,256 Shares of Dell Technologies Inc. $DELL

Key Points

• WealthPlan Investment Management LLC increased its shares in Dell Technologies by 26.7%, acquiring an additional 2,256 shares in the second quarter, bringing its total holdings to 10,701 shares worth $1.31 million.
• Several institutional investors have also recently purchased shares in Dell Technologies, contributing to a total institutional ownership of 76.37% of the company's stock.
• In recent insider transactions, Dell's Director Slta sold 499,999 shares valued at approximately $80.74 million, while another director sold 42,736 shares valued at around $6.84 million.

WealthPlan Investment Management LLC boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 26.7% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,701 shares of the technology company's stock after acquiring an additional 2,256 shares during the period. WealthPlan Investment Management LLC's holdings in Dell Technologies were worth $1,312,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Central Pacific Bank Trust Division bought a new position in Dell Technologies in the second quarter worth approximately $29,000. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies in the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dell Technologies in the first quarter worth approximately $26,000. Cheviot Value Management LLC bought a new position in shares of Dell Technologies in the first quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC bought a new stake in Dell Technologies during the first quarter worth $27,000. Institutional investors own 76.37% of the company's stock.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the firm's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total value of $80,739,838.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William D. Green sold 42,736 shares of the firm's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total value of $6,837,760.00. Following the completion of the transaction, the director directly owned 47,619 shares of the company's stock, valued at $7,619,040. The trade was a 47.30% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 4,537,949 shares of company stock valued at $641,439,964. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Trading Down 1.7%

Shares of DELL opened at $151.07 on Friday. The company has a market capitalization of $101.57 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 1.05 and a beta of 1.05. The stock has a 50 day moving average of $135.67 and a 200 day moving average of $118.41. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $166.10.

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. The company had revenue of $26.43 billion during the quarter. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders 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 yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DELL shares. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Fox Advisors lowered Dell Technologies from an "overweight" rating to an "equal weight" rating in a research report on Friday, August 29th. Argus increased their price target on Dell Technologies from $150.00 to $200.00 and gave the company a "buy" rating in a research report on Thursday, October 9th. TD Cowen increased their price target on Dell Technologies from $130.00 to $150.00 and gave the company a "hold" rating in a research report on Wednesday, October 8th. Finally, Daiwa Capital Markets increased their price target on Dell Technologies from $125.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. 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. According to MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price 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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