JAT Capital Mgmt LP Acquires New Stake in Dell Technologies Inc. $DELL

Key Points

• JAT Capital Mgmt LP acquired 41,600 shares of Dell Technologies, valued at approximately $3.79 million, making it the fund's 11th largest position.
• Analyst ratings for Dell Technologies have seen increases, with price targets raised by firms like Raymond James and Citigroup, reflecting a consensus rating of "Moderate Buy."
• Insider selling has occurred with significant transactions by Director William D. Green and CEO Michael S. Dell, collectively selling millions of shares recently.

JAT Capital Mgmt LP acquired a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 41,600 shares of the technology company's stock, valued at approximately $3,792,000. Dell Technologies makes up approximately 1.3% of JAT Capital Mgmt LP's investment portfolio, making the stock its 11th biggest holding.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Smallwood Wealth Investment Management LLC purchased a new stake in Dell Technologies in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies in the first quarter valued at about $26,000. Cheviot Value Management LLC purchased a new stake in Dell Technologies in the first quarter valued at about $27,000. Cullen Frost Bankers Inc. raised its stake in Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after buying an additional 222 shares during the last quarter. Finally, Crowley Wealth Management Inc. raised its stake in Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after buying an additional 150 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the transaction, the insider owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total value of $59,482,509.21. Following the transaction, the director directly owned 938,741 shares in the company, valued at $105,918,147.03. This trade represents a 35.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,918,898 shares of company stock valued at $1,576,038,056 in the last three months. Company insiders own 42.00% of the company's stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded down $1.72 during trading on Friday, reaching $124.95. The stock had a trading volume of 6,407,651 shares, compared to its average volume of 5,904,127. The business has a fifty day moving average price of $129.34 and a 200-day moving average price of $110.77. The stock has a market cap of $84.82 billion, a PE ratio of 18.37, a PEG ratio of 0.87 and a beta of 1.01. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results 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 firm had revenue of $29.78 billion for the quarter, compared to analyst estimates of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The business's revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.89 earnings per share. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. Dell Technologies's payout ratio is 30.88%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Citigroup raised their price objective on Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. The Goldman Sachs Group set a $140.00 price objective on Dell Technologies and gave the stock a "buy" rating in a research note on Thursday, August 28th. Fox Advisors cut Dell Technologies from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 29th. Wall Street Zen cut Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Finally, Cowen reiterated a "hold" rating on shares of Dell Technologies in a research report on Friday, August 29th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and an average target price of $146.31.

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).