Viking Fund Management LLC Has $6.99 Million Holdings in Dell Technologies Inc. $DELL

Viking Fund Management LLC grew its holdings in Dell Technologies Inc. (NYSE:DELL) by 26.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,000 shares of the technology company’s stock after buying an additional 12,000 shares during the period. Viking Fund Management LLC’s holdings in Dell Technologies were worth $6,988,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in DELL. Vanguard Group Inc. boosted its position 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 purchasing an additional 1,145,658 shares during the period. Boston Partners raised its position in shares of Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock valued at $466,418,000 after purchasing an additional 1,312,600 shares during the period. Deutsche Bank AG lifted its stake in shares of Dell Technologies by 38.1% during the 1st 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 boosted its holdings in shares of Dell Technologies by 41.4% during the 1st 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 period. Finally, Invesco Ltd. boosted its holdings in shares of Dell Technologies by 20.5% during the 1st 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 period. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Trading Up 0.1%

DELL stock opened at $132.20 on Friday. The firm has a 50-day moving average price of $129.71 and a 200-day moving average price of $111.93. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The stock has a market capitalization of $88.89 billion, a P/E ratio of 19.44, a price-to-earnings-growth ratio of 0.91 and a beta of 1.01.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.03. The business had revenue of $29.78 billion during the quarter, compared to analysts’ expectations of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. As a group, equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the company’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $127.00, for a total value of $76,200,000.00. 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 50,000 shares of Dell Technologies stock in a transaction dated Monday, August 11th. The shares were sold at an average price of $140.00, for a total value of $7,000,000.00. Following the sale, the director directly owned 45,045 shares in the company, valued at $6,306,300. The trade was a 52.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,693,392 shares of company stock worth $1,568,257,000. Insiders own 42.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Wells Fargo & Company increased their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the company an “overweight” rating in a report on Friday, August 29th. TD Cowen upped their target price on Dell Technologies from $125.00 to $130.00 and gave the company a “hold” rating in a research report on Friday, August 29th. KeyCorp began coverage on Dell Technologies in a report on Thursday, June 26th. They set a “sector weight” rating for the company. Morgan Stanley upped their price objective on Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a report on Thursday, August 21st. Finally, UBS Group increased their price objective on Dell Technologies from $145.00 to $155.00 and gave the stock a “buy” rating in a research report on Friday, August 29th. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $147.67.

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).