Fairvoy Private Wealth LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL – Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,399 shares of the technology company’s stock, valued at approximately $753,000.
A number of other hedge funds and other institutional investors have also made changes to their positions in DELL. Bank of America Corp DE lifted its stake in shares of Dell Technologies by 7.6% in the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock valued at $2,362,624,000 after purchasing an additional 1,011,101 shares during the period. Wellington Management Group LLP boosted its holdings in Dell Technologies by 140.1% during the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock worth $1,090,294,000 after buying an additional 1,474,347 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Dell Technologies by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company’s stock worth $157,869,000 after buying an additional 27,668 shares in the last quarter. Swiss National Bank grew its position in Dell Technologies by 4.7% during the first quarter. Swiss National Bank now owns 931,008 shares of the technology company’s stock valued at $152,806,000 after buying an additional 41,700 shares during the period. Finally, Amundi grew its position in Dell Technologies by 5.8% during the first quarter. Amundi now owns 845,709 shares of the technology company’s stock valued at $138,806,000 after buying an additional 46,240 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.
Insider Buying and Selling
In related news, Director Spv-2 L.P. Sl sold 44,408 shares of Dell Technologies stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $582.30, for a total value of $25,858,778.40. Following the sale, the director directly owned 43,740 shares in the company, valued at approximately $25,469,802. The trade was a 50.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $582.30, for a total value of $14,845,156.20. Following the sale, the director owned 22,686 shares of the company’s stock, valued at approximately $13,210,057.80. This trade represents a 52.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,817,628 shares of company stock worth $990,253,476 in the last quarter. 41.50% of the stock is owned by insiders.
Dell Technologies Trading Up 0.7%
NYSE:DELL traded up $3.08 during trading hours on Monday, reaching $454.79. 6,638,347 shares of the company were exchanged, compared to its average volume of 8,309,329. The stock’s 50-day moving average is $514.56 and its 200-day moving average is $394.91. The firm has a market cap of $289.16 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 0.47 and a beta of 1.37. Dell Technologies Inc. has a twelve month low of $110.22 and a twelve month high of $595.51.
Dell Technologies (NYSE:DELL – Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The business had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. During the same period last year, the firm posted $1.70 earnings per share. The company’s revenue was up 57.7% compared to the same quarter last year. 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, research analysts anticipate that Dell Technologies Inc. will post 25.13 EPS for the current year.
Dell Technologies Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. Dell Technologies’s dividend payout ratio (DPR) is currently 14.63%.
Wall Street Analysts Forecast Growth
A number of research firms have weighed in on DELL. Piper Sandler reaffirmed an “overweight” rating and issued a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a report on Wednesday, September 2nd. Royal Bank Of Canada initiated coverage on Dell Technologies in a research report on Thursday, September 10th. They set an “outperform” rating and a $640.00 target price on the stock. Mizuho raised their target price on Dell Technologies from $600.00 to $650.00 and gave the company an “outperform” rating in a research report on Tuesday, October 6th. Citigroup lifted their price target on Dell Technologies from $515.00 to $600.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Finally, Bank of America upped their price target on Dell Technologies from $505.00 to $600.00 and gave the stock a “buy” rating in a report on Monday, August 31st. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $569.96.
Check Out Our Latest Analysis on Dell Technologies
Dell Technologies Profile
Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.
The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.
Read More
- Five stocks we like better than Dell Technologies
- Tesla’s Roadster Reveal Hints at 2 Much Bigger Moves
- The AI Sell-Off Continues—These 3 Stocks Keep Raising Guidance Anyway
- Mr. Wonderful’s Test for AI Data Center Stocks: Power, Permits, and Tenants
- Alcoa Beat Earnings, But Can It Escape the Aluminum Bears?
Receive News & Ratings for Dell Technologies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dell Technologies and related companies with MarketBeat.com's FREE daily email newsletter.
