Berkshire Asset Management LLC PA Has $28.77 Million Stock Position in Dell Technologies Inc. $DELL

Key Points

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Berkshire Asset Management LLC PA grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 1,672.0% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 299,037 shares of the technology company's stock after buying an additional 282,161 shares during the quarter. Berkshire Asset Management LLC PA's holdings in Dell Technologies were worth $28,773,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DELL. Michael & Susan Dell Foundation acquired a new stake in Dell Technologies in the fourth quarter worth about $265,052,000. Janus Henderson Group PLC increased its position in Dell Technologies by 160.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after purchasing an additional 1,865,013 shares during the period. Boston Partners increased 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 purchasing an additional 1,312,600 shares during the period. Vanguard Group Inc. boosted its holdings in 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 buying an additional 1,145,658 shares during the last quarter. Finally, Deutsche Bank AG boosted its holdings in Dell Technologies by 38.1% during the first 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 last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the company. Wall Street Zen cut Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. KeyCorp assumed coverage on Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Citigroup raised their target price on Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Raymond James Financial raised their target price on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a report on Friday, May 30th. Finally, UBS Group reduced their target price on Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a report on Friday, May 30th. Sixteen research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $144.06.

Insiders Place Their Bets

In related news, CEO Michael S. Dell sold 10,000,000 shares of Dell Technologies stock in a transaction that occurred 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 sale, the chief executive officer owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $127.56, for a total value of $76,536,000.00. Following the transaction, the director directly owned 980,295 shares in the company, valued at $125,046,430.20. This trade represents a 37.97% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,989,063 shares of company stock worth $1,583,673,412 in the last 90 days. Company insiders own 42.00% of the company's stock.

Dell Technologies Trading Up 2.3%

Shares of NYSE:DELL traded up $2.9490 during trading on Friday, hitting $130.7790. 3,784,298 shares of the company's stock traded hands, compared to its average volume of 4,592,353. The company has a 50-day moving average price of $127.76 and a 200-day moving average price of $109.68. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The company has a market cap of $88.78 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 0.89 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last announced 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). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period in the prior year, the business posted $1.27 EPS. The firm's quarterly revenue was up 5.1% compared to the same quarter last year. Dell Technologies has set its Q2 2026 guidance at 2.250-2.25 EPS. FY 2026 guidance at 9.400-9.40 EPS. On average, analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were given a $0.525 dividend. 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 dividend payout ratio (DPR) is currently 33.49%.

Dell Technologies Company 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).