Christensen King & Associates Investment Services Inc. Purchases 2,345 Shares of Dell Technologies Inc. $DELL

Key Points

• Christensen King & Associates acquired 2,345 Dell shares worth approximately $1.26 million, while institutional investors collectively own 76.37% of the company.
• Dell reported strong quarterly results, with adjusted EPS of $7.04 beating estimates by $2.13 and revenue rising 57.7% year over year to $46.97 billion.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $569.96; Dell also declared a quarterly dividend of $0.63 per share.

Christensen King & Associates Investment Services Inc. acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 2,345 shares of the technology company's stock, valued at approximately $1,262,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Bank of America Corp DE increased its stake in Dell Technologies by 7.6% in the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company's stock valued at $2,362,624,000 after buying an additional 1,011,101 shares during the period. Wellington Management Group LLP boosted its holdings in shares of Dell Technologies by 140.1% in the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company's stock valued at $1,090,294,000 after acquiring an additional 1,474,347 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in shares of Dell Technologies by 107.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 651,154 shares of the technology company's stock worth $350,288,000 after acquiring an additional 337,836 shares during the period. NewEdge Advisors LLC increased its stake in shares of Dell Technologies by 5.0% during the second quarter. NewEdge Advisors LLC now owns 480,589 shares of the technology company's stock worth $207,355,000 after acquiring an additional 22,924 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Dell Technologies by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company's stock worth $157,869,000 after purchasing an additional 27,668 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 0.9%

DELL stock opened at $456.89 on Friday. The company has a market cap of $290.49 billion, a P/E ratio of 26.52, a P/E/G ratio of 0.47 and a beta of 1.37. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $595.51. The company's 50-day moving average price is $513.41 and its 200 day moving average price is $403.55.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, topping analysts' consensus estimates of $4.91 by $2.13. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The company had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. During the same period in the previous year, the business earned $1.70 earnings per share. Dell Technologies's quarterly revenue was up 57.7% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. On average, equities research analysts expect that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be given a $0.63 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies's payout ratio is currently 14.63%.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of recent analyst reports. US Capital Advisors set a $625.00 price objective on shares of Dell Technologies in a research report on Wednesday, September 2nd. Fox Advisors raised Dell Technologies from an "equal weight" rating to an "overweight" rating and set a $625.00 price objective on the stock in a report on Wednesday, September 2nd. The Goldman Sachs Group reiterated a "buy" rating on shares of Dell Technologies in a research report on Friday, October 9th. Susquehanna reissued a "positive" rating on shares of Dell Technologies in a research note on Tuesday, September 29th. Finally, JPMorgan Chase & Co. raised their price target on Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $569.96.

Insiders Place Their Bets

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 44,408 shares of the company's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $582.30, for a total value of $25,858,778.40. Following the sale, the director owned 43,740 shares of the company's stock, valued at $25,469,802. This represents a 50.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of the stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $582.30, for a total transaction of $14,845,156.20. Following the completion of the sale, the director owned 22,686 shares in the company, valued at $13,210,057.80. This represents a 52.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 1,817,628 shares of company stock worth $990,253,476. 41.50% of the stock is owned by company insiders.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Dell’s reported $95 billion AI-server backlog and comparatively lower valuation were highlighted as advantages over Applied Digital, strengthening the investment case for Dell as AI infrastructure spending continues. DELL vs. APLD: Which AI-Infrastructure Stock Looks More Attractive?
• Positive Sentiment: Dell introduced new AI Factory hardware with NVIDIA, reinforcing its positioning as a supplier of complete AI computing systems and countering recent concerns about slowing enterprise demand. Dell Unveiled New AI Servers
• Positive Sentiment: Texas Athletics, Dell, Google Cloud and SHI International launched the Bevo Lab, an AI and analytics platform that expands Dell’s technology visibility in higher education and sports research. The deal is strategically positive but unlikely to materially affect near-term earnings. Texas Athletics and McCombs Launch Bevo Lab
• Neutral Sentiment: Dell rose alongside other AI-server stocks as the sector stabilized, although Hewlett Packard Enterprise outperformed Dell and Super Micro was little changed. The move suggests broader sector sentiment rather than a Dell-specific announcement. AI Server Peers Market Update
• Negative Sentiment: The previous session’s steep decline reflected profit-taking, technology-sector weakness and reported supply-chain concerns. Barclays’ recent downgrade, based partly on doubts about enterprise AI demand, continues to weigh on sentiment and may contribute to volatility. Dell Stock Drops in Tech Sell-Off

Dell Technologies Company Profile

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.

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