Baird Financial Group Reduces $8M in Dell Technologies Inc. ($DELL)
Key Points
- Baird Financial Group changed its Dell Technologies Inc. ($DELL) stake by 7.1% last quarter, cutting to 273,865 shares worth $108.34 million.
- Wall Street's consensus rating on $DELL is Buy and an average price target of $483.83.
- $DELL last traded around $395.58.
Baird Financial Group trimmed its position in Dell Technologies Inc. ($DELL) by 7.1% during the most recent quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 273,865 shares of Dell Technologies Inc. after selling 20,945 shares during the quarter. Baird Financial Group's holdings in Dell Technologies Inc. were worth $108.34 million as of its most recent filing.
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About Dell Technologies Inc.
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 Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG) segments. The ISG segment provides modern and traditional storage solutions, including all-flash, purpose-built, hyper-converged infrastructure, software-defined storage, and general-purpose and AI-optimized servers. This segment also offers networking products and services comprising wide area network infrastructure, data center and edge networking switches, and cables and optics that help its business customers to transform and modernize their infrastructure and complementing its server and storage solutions; and software, peripherals, and services, including consulting and support, and deployment. The CSG segment provides notebooks, desktops, and workstations and branded peripherals that include displays, docking stations, keyboards, mice, webcam and audio devices, and third-party software and peripherals; and configuration, and extended warranties services. The company is involved in originating, collecting, and servicing customer financing arrangements and offers payment and consumption solutions and services, such utility, subscription, as-a-service, leases, and loans, as well as fixed-term leases and loans. It serves enterprises, governmental agencies and other public institutions, educational institutions, healthcare organizations, small and medium-sized businesses, and consumers. The company was formerly known as Denali Holding Inc. and changed its name to Dell Technologies Inc. in March 2013. Dell Technologies Inc. was founded in 1984 and is headquartered in Round Rock, Texas.
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