Sit Investment Associates Inc. bought a new stake in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 17,155 shares of the technology company’s stock, valued at approximately $2,159,000.
Several other hedge funds also recently modified their holdings of the company. Brighton Jones LLC boosted its position in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after acquiring an additional 901 shares during the last quarter. Sivia Capital Partners LLC purchased a new stake in Dell Technologies during the second quarter valued at about $328,000. Marshall Wace LLP purchased a new stake in shares of Dell Technologies during the 2nd quarter worth about $809,000. Gamco Investors INC. ET AL grew its stake in Dell Technologies by 30.2% during the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock worth $819,000 after buying an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC boosted its position in Dell Technologies by 147.2% during the 2nd quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock worth $7,112,000 after purchasing an additional 34,538 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling at Dell Technologies
In related news, General Counsel Richard J. Rothberg sold 20,000 shares of the company’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $410.00, for a total value of $8,200,000.00. Following the completion of the sale, the general counsel owned 142,415 shares in the company, valued at approximately $58,390,150. This represents a 12.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Spv-2 L.P. Sl sold 34,257 shares of the stock in a transaction on Friday, June 12th. The shares were sold at an average price of $403.12, for a total value of $13,809,681.84. Following the completion of the sale, the director owned 91,809 shares of the company’s stock, valued at $37,010,044.08. The trade was a 27.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,476,318 shares of company stock valued at $1,490,167,546 over the last three months. 41.50% of the stock is owned by insiders.
Key Dell Technologies News
- Positive Sentiment: Dell’s AI server and rack-scale infrastructure business continues to gain traction, with reports of major shipments and strong demand supporting the growth narrative.
- Positive Sentiment: Market commentary continues to view Dell as a top AI and enterprise infrastructure play, reinforcing investor interest in the stock.
- Positive Sentiment: Coverage noting Michael Dell’s rising wealth underscores how strongly the shares have performed and helped keep sentiment upbeat.
- Neutral Sentiment: Dell’s newly announced quarterly dividend supports the stock’s income profile, but it is not the main driver of the move.
- Negative Sentiment: Recent insider selling by executives and directors may create some near-term caution around valuation and sentiment.
- Negative Sentiment: Some investors are questioning whether Dell’s premium valuation leaves less room for upside after a sharp run.
Dell Technologies Stock Up 0.1%
NYSE:DELL opened at $410.00 on Friday. The business’s 50-day moving average price is $288.00 and its 200 day moving average price is $188.62. The firm has a market cap of $265.73 billion, a P/E ratio of 32.57, a PEG ratio of 0.88 and a beta of 1.30. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $469.47.
Dell Technologies (NYSE:DELL – Get Free Report) last released its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate of $2.96 by $1.90. The business had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The business’s quarterly revenue was up 87.5% on a year-over-year basis. During the same period in the prior year, the business earned $1.55 earnings per share. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 17.6 EPS for the current year.
Dell Technologies Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, July 21st. Dell Technologies’s payout ratio is presently 20.02%.
Analysts Set New Price Targets
DELL has been the subject of a number of analyst reports. Royal Bank Of Canada assumed coverage on Dell Technologies in a report on Friday, May 29th. They issued an “outperform” rating for the company. Evercore lifted their price target on Dell Technologies from $270.00 to $450.00 and gave the stock an “outperform” rating in a research note on Friday, May 29th. Wolfe Research lowered shares of Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research note on Friday, May 29th. CLSA raised Dell Technologies to an “outperform” rating in a report on Friday, May 29th. Finally, Truist Financial upped their price target on shares of Dell Technologies from $170.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $475.76.
Get Our Latest Stock Analysis on Dell Technologies
Dell Technologies Profile
Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.
Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.
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