Kestra Investment Management LLC lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) by 45.9% during the third quarter, HoldingsChannel reports. The institutional investor owned 8,571 shares of the technology company’s stock after selling 7,263 shares during the quarter. Kestra Investment Management LLC’s holdings in Dell Technologies were worth $4,611,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. Leuthold Group LLC grew its holdings in shares of Dell Technologies by 11.4% during the 3rd quarter. Leuthold Group LLC now owns 33,663 shares of the technology company’s stock worth $18,109,000 after purchasing an additional 3,441 shares in the last quarter. Retirement Systems of Alabama raised its stake in Dell Technologies by 4.3% in the third quarter. Retirement Systems of Alabama now owns 63,394 shares of the technology company’s stock valued at $34,103,000 after purchasing an additional 2,622 shares in the last quarter. Clear Wave Wealth Management LLC acquired a new position in Dell Technologies in the third quarter valued at about $211,000. Joseph Group Capital Management lifted its position in Dell Technologies by 31.4% during the third quarter. Joseph Group Capital Management now owns 138 shares of the technology company’s stock worth $74,000 after purchasing an additional 33 shares during the period. Finally, Fulcrum Asset Management LLP bought a new stake in Dell Technologies during the third quarter worth about $1,190,000. Institutional investors own 76.37% of the company’s stock.
Analyst Upgrades and Downgrades
Several research firms have commented on DELL. Mizuho raised their target price on shares of Dell Technologies from $600.00 to $650.00 and gave the company an “outperform” rating in a report on Tuesday, October 6th. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $565.00 to $635.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Royal Bank Of Canada started coverage on shares of Dell Technologies in a report on Thursday, September 10th. They set an “outperform” rating and a $640.00 price target for the company. Truist Financial increased their price target on shares of Dell Technologies from $360.00 to $505.00 and gave the stock a “hold” rating in a research report on Wednesday, September 2nd. Finally, Bank of America lifted their price objective on shares of Dell Technologies from $505.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $569.96.
Get Our Latest Analysis on DELL
Dell Technologies News Summary
Here are the key news stories impacting Dell Technologies this week:
- Positive Sentiment: Dell’s AI momentum is supported by strong server demand, a reported $95 billion backlog and raised FY2027 guidance. These factors underpin the stock’s longer-term growth case, although investors will look for execution to sustain it. Article: DELL Rallies 130% in a Year: Can AI Momentum Fuel More Gains?
- Positive Sentiment: Dell expanded cyber-recovery capabilities aimed at protecting AI and identity systems, adding to its offerings in areas that may benefit from growing enterprise technology needs. Article: Dell expands cyber recovery to protect AI and identity systems
- Positive Sentiment: A collaboration with Dubai Electricity and Water Authority to improve smart-infrastructure resilience could provide a further showcase for Dell’s technology in infrastructure projects. Article: DEWA, Dell Technologies collaborate to enhance smart infrastructure resilience
- Negative Sentiment: Despite the AI growth story, Dell and other AI hardware stocks recently suffered a sharp selloff, giving back a significant portion of earlier gains. Upcoming earnings and cash-flow results may determine whether a recovery is sustainable. Article: Dell and HPE Were AI Winners Until the Selloff. Can Earnings Put Them Back on Track?
Dell Technologies Stock Performance
Shares of DELL opened at $346.50 on Tuesday. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $595.51. The stock has a market capitalization of $220.30 billion, a price-to-earnings ratio of 20.11, a PEG ratio of 0.39 and a beta of 1.45. The stock has a fifty day moving average of $502.66 and a 200-day moving average of $337.59.
Dell Technologies (NYSE:DELL – Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating the consensus estimate of $4.91 by $2.13. The company had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. Dell Technologies’s revenue for the quarter was up 57.7% on a year-over-year basis. During the same quarter last year, the business posted $1.70 EPS. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. As a group, equities analysts forecast that Dell Technologies Inc. will post 25.13 EPS for the current year.
Dell Technologies Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date of this dividend was Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is presently 14.63%.
Insider Activity at Dell Technologies
In related news, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $586.40, for a total value of $1,055,520.00. Following the completion of the transaction, the director owned 1,404,569 shares in the company, valued at $823,639,261.60. This trade represents a 0.13% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Egon Durban sold 1,850 shares of Dell Technologies stock in a transaction that occurred on Wednesday, September 23rd. The stock was sold at an average price of $548.40, for a total transaction of $1,014,540.00. Following the sale, the director owned 1,405,236 shares in the company, valued at approximately $770,631,422.40. This represents a 0.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,819,650 shares of company stock valued at $991,183,596. Corporate insiders own 41.50% of the company’s stock.
About Dell Technologies
Dell Technologies is a global technology company that develops, sells and supports computers and related infrastructure. Its products include personal computers, workstations, monitors and peripherals, as well as servers, storage systems and networking equipment for businesses and other organizations.
The company also provides technology services and solutions, including support, consulting and offerings related to cloud computing, data management and cybersecurity. Dell serves consumers, businesses, governments and other institutions in markets around the world.
Founded by Michael Dell in 1984, the company is headquartered in Round Rock, Texas.
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