Contour Asset Management LLC Takes Position in Dell Technologies Inc. $DELL

Key Points

• Contour Asset Management LLC has acquired 312,945 shares of Dell Technologies Inc. for approximately $28.5 million, making it the 25th largest position in their portfolio.
• Several institutional investors, including Vanguard Capital Wealth Advisors and Cary Street Partners Financial LLC, have increased their stakes in Dell Technologies in recent months, indicating heightened interest in the company.
• Dell Technologies reported a quarterly earnings per share of $2.32, exceeding analyst expectations, alongside a revenue increase of 19.0% year-over-year, positioning it for favorable earnings projections for the fiscal year.

Contour Asset Management LLC purchased a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 312,945 shares of the technology company's stock, valued at approximately $28,525,000. Dell Technologies accounts for about 1.1% of Contour Asset Management LLC's investment portfolio, making the stock its 25th biggest holding.

Several other large investors also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new position in Dell Technologies in the first quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new position in Dell Technologies in the first quarter worth approximately $27,000. Cullen Frost Bankers Inc. lifted its stake in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after purchasing an additional 222 shares in the last quarter. Finally, Crowley Wealth Management Inc. lifted its stake in Dell Technologies by 86.2% during the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after purchasing an additional 150 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently issued reports on DELL shares. KeyCorp started coverage on Dell Technologies in a research note on Thursday, June 26th. They issued a "sector weight" rating on the stock. Wells Fargo & Company lifted their target price on Dell Technologies from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. Cowen reaffirmed a "hold" rating on shares of Dell Technologies in a report on Friday, August 29th. TD Cowen lifted their price target on shares of Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a research report on Friday, August 29th. Finally, Raymond James Financial lifted their price objective on Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research report 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. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $146.31.

Dell Technologies Trading Down 1.4%

DELL traded down $1.72 on Friday, hitting $124.95. 6,407,651 shares of the company's stock were exchanged, compared to its average volume of 5,951,851. The firm 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 twelve month low of $66.25 and a twelve month high of $147.66. The stock has a fifty day moving average of $129.34 and a two-hundred day moving average of $110.63.

Dell Technologies (NYSE:DELL - Get Free Report) last announced 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 company had revenue of $29.78 billion for the quarter, compared to analyst estimates of $29.14 billion. During the same quarter last year, the business earned $1.89 earnings per share. Dell Technologies's revenue was up 19.0% compared to the same quarter last year. 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, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a $0.525 dividend. 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 (DPR) is 30.88%.

Insider Activity

In related news, Director William D. Green sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $140.00, for a total value of $7,000,000.00. Following the completion of the transaction, the director owned 45,045 shares of the company's stock, valued at approximately $6,306,300. This trade represents a 52.61% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the completion of the sale, the chief executive officer owned 25,912,241 shares of the company's stock, valued at approximately $3,168,289,707.07. The trade was a 27.85% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 12,918,898 shares of company stock valued at $1,576,038,056 in the last ninety days. 42.00% of the stock is owned by company insiders.

About Dell Technologies

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).