Canada Pension Plan Investment Board Has $9.59 Million Holdings in Dell Technologies Inc. $DELL

Key Points

• The Canada Pension Plan Investment Board increased its stake in Dell Technologies by 1,031.0%, acquiring an additional 95,855 shares and bringing its total ownership to 105,152 shares valued at approximately $9.6 million.
• Dell Technologies recently reported earnings of $2.32 per share, exceeding analysts' expectations, with a year-over-year revenue increase of 19% to $29.78 billion.
• The company declared a quarterly dividend of $0.525 per share, which translates to an annual yield of 1.7%, and insiders have sold a significant amount of shares, leading to a 52.61% decrease in ownership for one director.

Canada Pension Plan Investment Board grew its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 1,031.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 105,152 shares of the technology company's stock after purchasing an additional 95,855 shares during the quarter. Canada Pension Plan Investment Board's holdings in Dell Technologies were worth $9,585,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Smallwood Wealth Investment Management LLC bought a new stake in shares of Dell Technologies during the 1st quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new position in Dell Technologies in the 1st quarter worth about $26,000. Cheviot Value Management LLC bought a new position in shares of Dell Technologies in the first quarter valued at approximately $27,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after acquiring an additional 222 shares in the last quarter. Finally, Crowley Wealth Management Inc. boosted its holdings in shares of Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after acquiring an additional 150 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other news, insider William F. Scannell sold 91,230 shares of the stock in a transaction on 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 transaction, the insider owned 56,429 shares in the company, valued at $6,682,322.18. This represents a 61.78% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the transaction, the director owned 938,741 shares in the company, valued at approximately $105,918,147.03. This trade represents a 35.96% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,918,898 shares of company stock worth $1,576,038,056 over the last quarter. 42.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Bank of America increased their price objective on shares of Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a report on Friday, August 29th. TD Cowen increased their target price on shares of Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Friday, August 29th. The Goldman Sachs Group set a $140.00 target price on shares of Dell Technologies and gave the company a "buy" rating in a research note on Thursday, August 28th. Barclays increased their target price on shares of Dell Technologies from $123.00 to $131.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Finally, UBS Group increased their target price on shares of Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given 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 a consensus price target of $146.31.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded down $1.72 during mid-day trading on Friday, hitting $124.95. The stock had a trading volume of 6,407,651 shares, compared to its average volume of 5,904,127. The company has a market cap of $84.82 billion, a PE ratio of 18.37, a P/E/G ratio of 0.86 and a beta of 1.01. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The company's 50 day moving average is $129.34 and its 200-day moving average is $110.70.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, beating the consensus estimate 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 business had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. During the same quarter in the prior year, the firm earned $1.89 EPS. The firm's quarterly revenue was up 19.0% on a year-over-year basis. 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, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. Dell Technologies's dividend payout ratio is 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).