Community Financial Services Group LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,467 shares of the technology company's stock, valued at approximately $1,049,000.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC increased its position in shares of Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after purchasing an additional 901 shares during the last quarter. Sivia Capital Partners LLC bought a new stake in Dell Technologies in the second quarter worth $328,000. Marshall Wace LLP purchased a new position in Dell Technologies during the second quarter worth $809,000. Gamco Investors INC. ET AL increased its position in Dell Technologies by 30.2% during the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company's stock valued at $819,000 after acquiring an additional 1,550 shares during the last quarter. Finally, NewEdge Advisors LLC increased its position in Dell Technologies by 147.2% during the second quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company's stock valued at $7,112,000 after acquiring an additional 34,538 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts have recently issued reports on the stock. Loop Capital raised their target price on shares of Dell Technologies from $150.00 to $550.00 and gave the stock a "buy" rating in a report on Friday, May 29th. CLSA upgraded shares of Dell Technologies to an "outperform" rating in a report on Friday, May 29th. Wolfe Research lowered shares of Dell Technologies from a "peer perform" rating to a "peer perform" rating in a research report on Friday, May 29th. Mizuho raised their price objective on shares of Dell Technologies from $435.00 to $500.00 and gave the stock an "outperform" rating in a research note on Monday, June 1st. Finally, TD Cowen boosted their target price on Dell Technologies from $150.00 to $450.00 and gave the company a "hold" rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and an average target price of $492.43.
Read Our Latest Analysis on DELL
Dell Technologies Trading Up 0.9%
Shares of DELL opened at $458.05 on Tuesday. The firm has a fifty day moving average price of $417.05 and a 200-day moving average price of $263.68. The firm has a market capitalization of $296.87 billion, a P/E ratio of 36.38, a P/E/G ratio of 0.97 and a beta of 1.33. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $485.70.
Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping the consensus estimate of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same quarter last year, the firm posted $1.55 EPS. The firm's revenue was up 87.5% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. Analysts predict that Dell Technologies Inc. will post 17.77 earnings per share for the current year.
Dell Technologies Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were given a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. Dell Technologies's dividend payout ratio (DPR) is 20.02%.
Insider Activity at Dell Technologies
In other Dell Technologies news, Director Spv-2 L.P. Sl sold 59,492 shares of the firm's stock in a transaction on Thursday, July 9th. The stock was sold at an average price of $453.54, for a total transaction of $26,982,001.68. Following the transaction, the director directly owned 89,222 shares in the company, valued at $40,465,745.88. This trade represents a 40.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of Dell Technologies stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $31,160,919.24. Following the sale, the director directly owned 67,990 shares of the company's stock, valued at approximately $30,836,184.60. This trade represents a 50.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 3,434,758 shares of company stock worth $1,448,870,683. Insiders own 41.50% of the company's stock.
About Dell Technologies
(
Free Report)
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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