Alyeska Investment Group L.P. Grows Stock Position in Dell Technologies Inc. $DELL

Key Points

• Alyeska Investment Group L.P. significantly increased its stake in Dell Technologies by 588.5%, now owning 429,324 shares valued at approximately $39.13 million.
• Dell Technologies reported a quarterly earnings per share of $2.32, beating analysts' expectations and showing a 19.0% revenue increase from the previous year.
• Multiple analysts have raised their price targets for Dell Technologies, with Morgan Stanley increasing theirs from $135 to $144, indicating a positive outlook for the stock.

Alyeska Investment Group L.P. boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 588.5% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 429,324 shares of the technology company's stock after buying an additional 366,967 shares during the period. Alyeska Investment Group L.P. owned approximately 0.06% of Dell Technologies worth $39,133,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of DELL. Brighton Jones LLC raised its holdings in Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after buying an additional 901 shares during the period. AXA S.A. increased its stake in Dell Technologies by 161.8% in the fourth quarter. AXA S.A. now owns 26,644 shares of the technology company's stock worth $3,070,000 after purchasing an additional 16,467 shares during the period. Aptus Capital Advisors LLC increased its stake in Dell Technologies by 43.3% in the fourth quarter. Aptus Capital Advisors LLC now owns 5,348 shares of the technology company's stock worth $616,000 after purchasing an additional 1,616 shares during the period. Ameriprise Financial Inc. increased its stake in Dell Technologies by 224.4% in the fourth quarter. Ameriprise Financial Inc. now owns 1,564,196 shares of the technology company's stock worth $180,257,000 after purchasing an additional 1,082,087 shares during the period. Finally, Baird Financial Group Inc. increased its stake in Dell Technologies by 0.8% in the fourth quarter. Baird Financial Group Inc. now owns 115,628 shares of the technology company's stock worth $13,325,000 after purchasing an additional 881 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $123.74 on Thursday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The stock's 50-day moving average is $129.31 and its 200 day moving average is $110.65. The company has a market cap of $84.00 billion, a P/E ratio of 18.20, a PEG ratio of 0.85 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The company had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. During the same quarter last year, the company earned $1.89 earnings per share. The firm's revenue for the quarter was up 19.0% compared to the same quarter last year. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. On average, analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. Dell Technologies's dividend payout ratio (DPR) is presently 30.88%.

Analysts Set New Price Targets

A number of analysts have weighed in on the company. Morgan Stanley increased their target price on Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. The Goldman Sachs Group set a $140.00 target price on Dell Technologies and gave the stock a "buy" rating in a research note on Thursday, August 28th. Wall Street Zen lowered Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Bank of America raised their price target on Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Finally, KeyCorp started coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating for the company. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and an average target price of $146.31.

Insider Activity at Dell Technologies

In related news, Director William D. Green sold 50,000 shares of the firm's stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $140.00, for a total transaction of $7,000,000.00. Following the sale, the director owned 45,045 shares of the company's stock, valued at $6,306,300. This trade represents a 52.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $127.56, for a total value of $76,536,000.00. Following the sale, the director directly owned 980,295 shares in the company, valued at approximately $125,046,430.20. The trade was a 37.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,918,898 shares of company stock valued at $1,576,038,056 over the last 90 days. Company insiders own 42.00% of the company's stock.

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).

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