Avanza Fonder AB Sells 5,753 Shares of Dell Technologies Inc. $DELL

Key Points

• Avanza Fonder AB reduced its holdings in Dell Technologies by 17.3%, selling 5,753 shares and bringing its total ownership to 27,425 shares valued at $3,362,000.
• CEO Michael S. Dell sold 10 million shares of the company, decreasing his ownership by 27.85%, while insiders have sold a total of 12.7 million shares valued at approximately $1.57 billion in the past 90 days.
• The company recently announced a quarterly dividend of $0.525 per share, set to be paid on October 31st, representing an annualized yield of 1.6%.

Avanza Fonder AB lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 17.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,425 shares of the technology company's stock after selling 5,753 shares during the quarter. Avanza Fonder AB's holdings in Dell Technologies were worth $3,362,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the business. Boston Partners raised its position in Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after acquiring an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after purchasing an additional 1,145,658 shares during the last quarter. Deutsche Bank AG raised its stake in Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after buying an additional 1,142,012 shares during the period. Alkeon Capital Management LLC boosted its position in Dell Technologies by 41.4% in the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company's stock worth $289,657,000 after purchasing an additional 931,032 shares during the last quarter. Finally, Auto Owners Insurance Co lifted its holdings in Dell Technologies by 18,732.9% during the 1st quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock worth $71,188,000 after purchasing an additional 776,853 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company's stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director William D. Green sold 50,000 shares of the company's stock in a transaction that occurred on 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 directly owned 45,045 shares in the company, valued at $6,306,300. This trade represents a 52.61% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,693,392 shares of company stock worth $1,568,257,000. Corporate insiders own 42.00% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on DELL. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Cowen reiterated a "hold" rating on shares of Dell Technologies in a research report on Friday, August 29th. Daiwa Capital Markets upped their target price on Dell Technologies from $125.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, September 11th. Citigroup raised their price target on Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, The Goldman Sachs Group set a $140.00 price target on Dell Technologies and gave the company a "buy" rating in a research note on Thursday, August 28th. Sixteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $147.67.

Dell Technologies Stock Performance

DELL traded up $3.53 during trading on Monday, reaching $135.47. 10,249,765 shares of the stock were exchanged, compared to its average volume of 7,126,291. The stock has a market cap of $91.09 billion, a P/E ratio of 19.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.01. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The stock's 50 day moving average price is $129.91 and its two-hundred day moving average price is $112.47.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its 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. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The company had revenue of $29.78 billion during the quarter, compared to analysts' expectations of $29.14 billion. During the same quarter last year, the company posted $1.89 EPS. Dell Technologies's quarterly revenue 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. Equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.

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).