Iv (Gp) L.L.C. Slta Sells 499,999 Shares of Dell Technologies (NYSE:DELL) Stock

Key Points

• Iv (Gp) L.L.C. Slta sold 499,999 shares of Dell Technologies at an average price of $161.48, totaling approximately $80.74 million, as disclosed in an SEC filing.
• Following this transaction, Dell Technologies reported $1.68 earnings per share (EPS) for the latest quarter, with revenue of $26.43 billion, and set FY24 guidance at $6.10-6.50 EPS.
• The company declared a quarterly dividend of $0.525 per share, reflecting a 1.4% yield, with the ex-dividend date set for October 21st.

Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the company's stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $161.48, for a total transaction of $80,739,838.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Iv (Gp) L.L.C. Slta also recently made the following trade(s):

• On Monday, September 22nd, Iv (Gp) L.L.C. Slta sold 824,999 shares of Dell Technologies stock. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02.
• On Friday, September 19th, Iv (Gp) L.L.C. Slta sold 318,171 shares of Dell Technologies stock. The stock was sold at an average price of $132.84, for a total transaction of $42,265,835.64.
• On Monday, September 15th, Iv (Gp) L.L.C. Slta sold 600,000 shares of Dell Technologies stock. The shares were sold at an average price of $127.00, for a total transaction of $76,200,000.00.

Dell Technologies Stock Performance

NYSE:DELL traded down $5.28 during trading hours on Friday, hitting $150.67. The stock had a trading volume of 11,646,119 shares, compared to its average volume of 7,302,412. The business's 50 day moving average is $133.51 and its 200-day moving average is $116.47. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $166.10. The company has a market cap of $101.31 billion, a price-to-earnings ratio of 22.16, a P/E/G ratio of 1.12 and a beta of 1.05.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, October 5th. The technology company reported $1.68 earnings per share (EPS) for the quarter. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. 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, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal 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 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 (DPR) is currently 30.88%.

Institutional Trading of Dell Technologies

Institutional investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after buying an additional 901 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Dell Technologies by 27.5% in the first quarter. Farther Finance Advisors LLC now owns 12,859 shares of the technology company's stock worth $1,183,000 after buying an additional 2,771 shares in the last quarter. Yousif Capital Management LLC lifted its holdings in shares of Dell Technologies by 9.2% in the first quarter. Yousif Capital Management LLC now owns 37,588 shares of the technology company's stock worth $3,426,000 after buying an additional 3,163 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Dell Technologies by 44.9% in the first 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, GAMMA Investing LLC lifted its holdings in shares of Dell Technologies by 94.8% in the first quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company's stock worth $539,000 after buying an additional 2,878 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Barclays raised their price target on shares of Dell Technologies from $133.00 to $151.00 and gave the company an "equal weight" rating in a research note on Wednesday. Cowen restated a "hold" rating on shares of Dell Technologies in a research note on Friday, August 29th. Susquehanna reiterated a "neutral" rating and set a $125.00 target price on shares of Dell Technologies in a research report on Wednesday, August 13th. Bank of America lifted their target price on shares of Dell Technologies from $167.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday, October 1st. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Dell Technologies in a research report on Wednesday. Seventeen research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the stock. According to MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $160.53.

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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