Carolina Wealth Advisors LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 72,344 shares of the technology company's stock, valued at approximately $8,869,000. Dell Technologies makes up about 4.4% of Carolina Wealth Advisors LLC's holdings, making the stock its 4th biggest holding.
A number of other hedge funds have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake 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 purchasing an additional 1,145,658 shares in the last quarter. Boston Partners boosted its stake 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 purchasing an additional 1,312,600 shares in the last quarter. Deutsche Bank AG boosted its stake 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 purchasing an additional 1,142,012 shares in the last quarter. Alkeon Capital Management LLC boosted its stake in shares of Dell Technologies by 41.4% during the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company's stock valued at $289,657,000 after purchasing an additional 931,032 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Dell Technologies by 20.5% during the first quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company's stock valued at $269,150,000 after purchasing an additional 502,764 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of brokerages have recently commented on DELL. TD Cowen lifted their price target on Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Bank of America lifted their price objective on Dell Technologies from $167.00 to $170.00 and gave the stock a "buy" rating in a research note on Wednesday. Wells Fargo & Company lifted their price objective on Dell Technologies from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday, August 29th. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Dell Technologies in a research note on Saturday, September 27th. Finally, JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $148.67.
View Our Latest Research Report on DELL
Dell Technologies Stock Down 4.6%
NYSE DELL opened at $140.64 on Friday. The company has a market cap of $94.56 billion, a price-to-earnings ratio of 20.68, a P/E/G ratio of 0.96 and a beta of 1.05. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $152.10. The business has a 50 day moving average price of $131.84 and a 200-day moving average price of $115.05.
Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.29 by $0.03. The firm had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The company's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.89 earnings per share. 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 anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.
Dell Technologies Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be issued 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 1.5%. Dell Technologies's dividend payout ratio is 30.88%.
Insider Buying and Selling
In related news, Director V (Gp) L.L.C. Slta sold 2,220 shares of the company's stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $146.07, for a total transaction of $324,275.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 3,781,682 shares of company stock worth $505,183,267. 42.00% of the stock is owned by corporate insiders.
About Dell Technologies
(
Free Report)
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).
Further Reading
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