Patten & Patten Inc. TN Sells 4,875 Shares of Dell Technologies Inc. $DELL

Patten & Patten Inc. TN decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 74.0% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,713 shares of the technology company’s stock after selling 4,875 shares during the quarter. Patten & Patten Inc. TN’s holdings in Dell Technologies were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its holdings in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after purchasing an additional 901 shares in the last quarter. GAMMA Investing LLC lifted its stake in Dell Technologies by 94.8% during the 1st quarter. GAMMA Investing LLC now owns 5,914 shares of the technology company’s stock valued at $539,000 after acquiring an additional 2,878 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its holdings in Dell Technologies by 9.1% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company’s stock worth $5,417,000 after acquiring an additional 4,977 shares during the last quarter. Exchange Traded Concepts LLC grew its stake in shares of Dell Technologies by 25.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company’s stock worth $224,000 after acquiring an additional 506 shares in the last quarter. Finally, Sagespring Wealth Partners LLC purchased a new stake in shares of Dell Technologies in the first quarter valued at about $221,000. 76.37% of the stock is owned by institutional investors.

Insider Transactions at Dell Technologies

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction that occurred 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. Insiders sold a total of 4,617,755 shares of company stock worth $653,694,973 over the last 90 days. Corporate insiders own 42.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research report on Wednesday, October 8th. KeyCorp assumed coverage on Dell Technologies in a research note on Thursday, June 26th. They issued a “sector weight” rating on the stock. Mizuho increased their price target on Dell Technologies from $160.00 to $170.00 and gave the company an “outperform” rating in a research report on Wednesday, October 8th. Fox Advisors lowered Dell Technologies from an “overweight” rating to an “equal weight” rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group upped their price objective on Dell Technologies from $155.00 to $175.00 and gave the company a “buy” rating in a research note on Wednesday, October 8th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and an average price target of $160.79.

Dell Technologies Trading Down 1.1%

DELL stock opened at $149.57 on Friday. The firm has a 50 day moving average of $135.90 and a 200-day moving average of $118.81. The firm has a market capitalization of $100.57 billion, a P/E ratio of 22.00, a price-to-earnings-growth ratio of 1.03 and a beta of 1.05. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $166.10.

Dell Technologies (NYSE:DELL) last posted its earnings results 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 business had revenue of $26.43 billion for the quarter. Dell Technologies has set its FY24 guidance at $6.10-6.50 EPS. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current 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 given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies’s 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).