Banco Bilbao Vizcaya Argentaria S.A. Lowers Position in Dell Technologies Inc. $DELL

Key Points

• Banco Bilbao Vizcaya Argentaria S.A. reduced its stake in Dell Technologies by 73.3%, owning 9,734 shares valued at approximately $886,000 after selling 26,708 shares in the first quarter.
• Major institutional investors, including Michael & Susan Dell Foundation and Janus Henderson Group PLC, have significantly increased their holdings in Dell, indicating strong interest from the investment community.
• Analysts maintain a consensus rating of "Moderate Buy" for Dell Technologies, with a revised target price range reflecting positive outlooks despite recent earnings results that missed estimates.

Banco Bilbao Vizcaya Argentaria S.A. cut its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 73.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 9,734 shares of the technology company's stock after selling 26,708 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in Dell Technologies were worth $886,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of DELL. Michael & Susan Dell Foundation purchased a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $265,052,000. Janus Henderson Group PLC increased its position in shares of Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after acquiring an additional 1,865,013 shares during the last quarter. Boston Partners increased its position in shares of Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after acquiring an additional 1,312,600 shares during the last quarter. Vanguard Group Inc. increased its position 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 valued at $2,653,032,000 after acquiring an additional 1,145,658 shares during the last quarter. Finally, Deutsche Bank AG increased its position in shares of Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after acquiring an additional 1,142,012 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the company. Bank of America increased their price target on Dell Technologies from $155.00 to $165.00 and gave the company a "buy" rating in a research report on Friday, July 18th. UBS Group decreased their price target on Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a research report on Friday, May 30th. Raymond James Financial increased their price objective on Dell Technologies from $144.00 to $150.00 and gave the company an "outperform" rating in a report on Friday, May 30th. KeyCorp began coverage on Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating for the company. Finally, Susquehanna reissued a "neutral" rating and set a $125.00 price objective on shares of Dell Technologies in a report on Wednesday, August 13th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $144.06.

Insider Transactions at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider William F. Scannell sold 91,230 shares of the firm's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value 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 ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,989,063 shares of company stock valued at $1,583,673,412. 42.00% of the stock is currently owned by company insiders.

Dell Technologies Price Performance

Dell Technologies stock opened at $130.7790 on Friday. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66. The business has a fifty day moving average price of $127.76 and a 200-day moving average price of $109.68. The firm has a market capitalization of $88.78 billion, a P/E ratio of 20.86, a PEG ratio of 0.89 and a beta of 1.02.

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

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) 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).

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.