Dell Technologies Inc. $DELL Holdings Increased by Ameriprise Financial Inc.

Key Points

• Ameriprise Financial Inc. increased its stake in Dell Technologies Inc. by 49.4%, acquiring an additional 772,465 shares, bringing its total ownership to over 2.3 million shares valued at approximately $212.97 million.
• Recent analyst reports have set a consensus price target for Dell Technologies at $144.06, with ratings from firms like Citigroup and Morgan Stanley indicating potential upside for the stock.
• Dell Technologies recently declared a quarterly dividend of $0.525 per share, resulting in an annualized yield of 1.6%, while insiders have significantly sold shares, amounting to nearly 13 million shares over the last quarter.

Ameriprise Financial Inc. increased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 49.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,336,661 shares of the technology company's stock after buying an additional 772,465 shares during the period. Ameriprise Financial Inc. owned about 0.33% of Dell Technologies worth $212,967,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Norinchukin Bank The increased its stake in Dell Technologies by 11.7% during the 1st quarter. Norinchukin Bank The now owns 12,001 shares of the technology company's stock worth $1,094,000 after buying an additional 1,260 shares during the period. CW Advisors LLC grew its holdings in Dell Technologies by 9.3% during the 1st quarter. CW Advisors LLC now owns 223,259 shares of the technology company's stock worth $20,362,000 after acquiring an additional 18,984 shares in the last quarter. Summit Financial LLC grew its holdings in Dell Technologies by 39.5% during the 1st quarter. Summit Financial LLC now owns 6,415 shares of the technology company's stock worth $585,000 after acquiring an additional 1,817 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in Dell Technologies by 5.4% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 583,567 shares of the technology company's stock worth $53,193,000 after acquiring an additional 29,765 shares in the last quarter. Finally, Dorsey & Whitney Trust CO LLC grew its holdings in Dell Technologies by 45.3% during the 1st quarter. Dorsey & Whitney Trust CO LLC now owns 7,411 shares of the technology company's stock worth $676,000 after acquiring an additional 2,311 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were 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 directly owned 56,429 shares of the company's stock, valued at $6,682,322.18. The trade was a 61.78% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the business's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the transaction, the general counsel directly owned 79,928 shares of the company's stock, valued at $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,989,063 shares of company stock worth $1,583,673,412 over the last three months. Insiders own 42.00% of the company's stock.

Analyst Ratings Changes

Several brokerages have weighed in on DELL. Wall Street Zen lowered shares of Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Morgan Stanley raised their price objective on shares of Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. UBS Group decreased their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Citigroup raised their price objective on shares of Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Finally, Evercore ISI lifted their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Sixteen research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $144.06.

Dell Technologies Trading Up 0.0%

Dell Technologies stock traded up $0.01 during midday trading on Tuesday, reaching $131.02. 3,723,454 shares of the stock traded hands, compared to its average volume of 7,032,075. The firm has a fifty day moving average price of $128.42 and a two-hundred day moving average price of $110.06. The firm has a market cap of $88.94 billion, a price-to-earnings ratio of 20.90, a PEG ratio of 0.91 and a beta of 1.02. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). The firm had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company's revenue for the quarter was up 5.1% on a year-over-year basis. During the same period in the previous year, the firm earned $1.27 earnings per share. Dell Technologies has set its Q2 2026 guidance at 2.250-2.25 EPS. FY 2026 guidance at 9.400-9.40 EPS. Analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's payout ratio is presently 33.49%.

Dell Technologies 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).