Advisors Asset Management Inc. Grows Stake in Dell Technologies Inc. $DELL

Key Points

• Advisors Asset Management Inc. increased its position in Dell Technologies Inc. by 34.9%, acquiring an additional 16,055 shares bringing its total to 62,040 shares worth approximately $5.7 million.
• Multiple brokerages have raised their price targets for Dell, with Bank of America increasing its target to $167.00 and maintaining a "buy" rating.
• Insider transactions revealed significant stock sales, including Director William D. Green selling 50,000 shares for $7 million, a transaction that decreased his ownership by over 52%.

Advisors Asset Management Inc. lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 34.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 62,040 shares of the technology company's stock after purchasing an additional 16,055 shares during the period. Advisors Asset Management Inc.'s holdings in Dell Technologies were worth $5,655,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new position in Dell Technologies during the first quarter valued at $26,000. Cheviot Value Management LLC acquired a new position in Dell Technologies during the first quarter valued at $27,000. Cullen Frost Bankers Inc. raised its position in Dell Technologies by 270.7% during 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 period. Finally, Crowley Wealth Management Inc. raised its position in Dell Technologies by 86.2% during 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 period. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of Dell Technologies stock in a transaction dated 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 completion of the transaction, the insider owned 56,429 shares in the company, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the transaction, the director directly owned 960,050 shares in the company, valued at approximately $121,158,310. This represents a 39.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,154,806 shares of company stock worth $1,488,485,888. 42.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DELL has been the topic of several recent analyst reports. Bank of America upped their price target on Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Mizuho increased their target price on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Citigroup increased their target price on Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Wall Street Zen cut Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Finally, Cowen reaffirmed a "hold" rating on shares of Dell Technologies in a research note 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 stock. According to data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and an average target price of $146.31.

Dell Technologies Price Performance

Shares of DELL traded down $1.62 during trading hours on Tuesday, hitting $121.38. The stock had a trading volume of 10,611,200 shares, compared to its average volume of 7,150,138. The firm has a 50 day simple moving average of $129.35 and a 200-day simple moving average of $110.67. The firm has a market capitalization of $82.40 billion, a P/E ratio of 17.85, a price-to-earnings-growth ratio of 0.86 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 earnings results on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.29 by $0.03. The company had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The firm's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period last year, the business posted $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. Equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared 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 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%.

About Dell Technologies

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).