Canal Insurance CO Trims Holdings in Dell Technologies Inc. $DELL

Key Points

• Canal Insurance CO cut its stake by 22.2% in Dell during Q4, selling 20,000 shares and leaving 70,000 shares worth about $8.81M (2.1% of its holdings and its 16th largest position).
• Significant insider selling: COO Jeffrey Clarke sold 116,000 shares and CFO David Kennedy sold 19,500, and insiders have sold 3,571,688 shares worth roughly $576.65M over the past 90 days (insiders still own ~42% of the stock).
• Operational and market backdrop: Dell beat estimates with Q results (EPS $3.89 vs. $3.53; revenue $33.38B, +39.5% YoY), raised its quarterly dividend to $0.63, and received several analyst price‑target upgrades (consensus "Moderate Buy", avg target $186.84) even as shares dipped ~3.7%.

Canal Insurance CO cut its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 22.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 70,000 shares of the technology company's stock after selling 20,000 shares during the quarter. Dell Technologies comprises about 2.1% of Canal Insurance CO's holdings, making the stock its 16th largest position. Canal Insurance CO's holdings in Dell Technologies were worth $8,812,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. grew its position in shares of Dell Technologies by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company's stock valued at $3,957,850,000 after purchasing an additional 1,355,841 shares in the last quarter. State Street Corp grew its position in shares of Dell Technologies by 2.5% in the third quarter. State Street Corp now owns 14,450,258 shares of the technology company's stock valued at $2,048,613,000 after purchasing an additional 350,941 shares in the last quarter. Invesco Ltd. grew its position in shares of Dell Technologies by 82.3% in the third quarter. Invesco Ltd. now owns 4,855,154 shares of the technology company's stock valued at $688,315,000 after purchasing an additional 2,191,317 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Dell Technologies by 19.9% in the third quarter. Ameriprise Financial Inc. now owns 3,840,921 shares of the technology company's stock valued at $544,670,000 after purchasing an additional 637,189 shares in the last quarter. Finally, Wellington Management Group LLP grew its position in shares of Dell Technologies by 4,279.1% in the third quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company's stock valued at $426,129,000 after purchasing an additional 2,937,137 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Dell Technologies news, COO Jeffrey W. Clarke sold 116,000 shares of Dell Technologies stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $182.48, for a total transaction of $21,167,680.00. Following the completion of the sale, the chief operating officer owned 1,687,414 shares of the company's stock, valued at $307,919,306.72. The trade was a 6.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Alan Kennedy sold 19,500 shares of Dell Technologies stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $182.53, for a total value of $3,559,335.00. Following the sale, the chief financial officer directly owned 183,097 shares of the company's stock, valued at approximately $33,420,695.41. This trade represents a 9.63% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 3,571,688 shares of company stock valued at $576,654,105. 42.00% of the stock is owned by insiders.

Dell Technologies Stock Down 3.7%

Dell Technologies stock opened at $229.97 on Friday. Dell Technologies Inc. has a 52 week low of $95.64 and a 52 week high of $239.45. The business has a 50-day simple moving average of $175.62 and a 200 day simple moving average of $146.04. The stock has a market cap of $148.50 billion, a price-to-earnings ratio of 26.37, a PEG ratio of 0.97 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.36. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The firm had revenue of $33.38 billion during the quarter, compared to analyst estimates of $31.60 billion. During the same quarter in the previous year, the company posted $2.68 earnings per share. The company's revenue was up 39.5% compared to the same quarter last year. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. On average, research analysts anticipate that Dell Technologies Inc. will post 11.9 earnings per share for the current year.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Tuesday, April 21st were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 1.1%. This is an increase from Dell Technologies's previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, April 21st. Dell Technologies's dividend payout ratio is presently 28.90%.

Trending Headlines about Dell Technologies

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: TotalEnergies signed Dell (with NVIDIA) to build the Pangea 5 supercomputer — a sizable AI/data-center contract that reinforces Dell’s strength in AI infrastructure and recurring systems/services demand. TotalEnergies Pens AI Supercomputer Deal With Nvidia & Dell
• Positive Sentiment: Mizuho raised its price target to $260 and gave an “outperform” rating — a major sell‑side upgrade that signals additional upside versus current levels. Mizuho price target raise
• Positive Sentiment: Unusually large call‑option activity (notable spike in call volumes) indicates some traders are positioning for further gains, supporting near‑term upside interest.
• Positive Sentiment: Bullish coverage highlights Dell as a top AI‑infrastructure beneficiary and points to strong YTD performance, which underpins investor confidence in secular AI/data‑center trends. Why the Biggest Winner of the AI Infrastructure Boom Isn't Who Wall Street Thinks
• Neutral Sentiment: The board approved a plan to reincorporate from Delaware to Texas — a corporate‑governance/home‑state change that is unlikely to affect fundamentals but could have legal/administrative impacts and political visibility. Dell Technologies is ditching Delaware, changing its legal home to Texas
• Neutral Sentiment: Some analysts and articles are flagging that the stock’s sharp recent gains have pushed valuation metrics high — this raises the risk of volatility but doesn’t change Dell’s AI/data‑center exposure. Assessing Whether Dell Technologies (DELL) Shares Look Overvalued
• Negative Sentiment: Shares dipped more than the broader market today (a notable intraday pullback) as investors locked in gains after a rapid rally — profit‑taking and volatility after the run‑up are key drivers. Why Dell Technologies (DELL) Dipped More Than Broader Market Today
• Negative Sentiment: Large, multi‑year performance awards for COO Jeff Clarke (reported ~$132M–$154M) have drawn scrutiny — investors may view the grants as governance/compensation risk and potential long‑term dilution/expense. Dell Grants COO Jeff Clarke $132.4 Million Performance Award

Analysts Set New Price Targets

DELL has been the subject of several recent research reports. Evercore lifted their price target on Dell Technologies from $205.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, April 22nd. JPMorgan Chase & Co. boosted their target price on Dell Technologies from $165.00 to $205.00 and gave the stock an "overweight" rating in a research report on Thursday, April 16th. Barclays boosted their target price on Dell Technologies from $148.00 to $168.00 and gave the stock an "overweight" rating in a research report on Friday, February 27th. Daiwa Securities Group boosted their target price on Dell Technologies from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, March 6th. Finally, The Goldman Sachs Group boosted their target price on Dell Technologies from $215.00 to $230.00 in a research report on Thursday, April 30th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $186.84.

Dell Technologies Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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