Dark Forest Capital Management LP Boosts Stock Position in Dell Technologies Inc. $DELL

Key Points

• Dark Forest Capital Management LP has significantly increased its stake in Dell Technologies by 1,378.2%, acquiring a total of 49,048 shares valued at approximately $4.47 million.
• Insider sales include a notable transaction where William F. Scannell sold over 91,000 shares at an average price of $118.42, resulting in a 61.78% reduction of their shareholding.
• Current analyst ratings show an overall "Moderate Buy" with a target price averaging $146.31, reflecting positive sentiment towards Dell Technologies' stock performance.

Dark Forest Capital Management LP boosted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 1,378.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 49,048 shares of the technology company's stock after purchasing an additional 45,730 shares during the quarter. Dark Forest Capital Management LP's holdings in Dell Technologies were worth $4,471,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC bought a new stake in Dell Technologies in the first quarter worth approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in Dell Technologies in the first quarter worth approximately $26,000. Cheviot Value Management LLC bought a new stake in Dell Technologies in the first quarter worth approximately $27,000. Cullen Frost Bankers Inc. increased its holdings in Dell Technologies by 270.7% in 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. increased its holdings in Dell Technologies by 86.2% in 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 institutional investors.

Dell Technologies Trading Down 1.4%

Shares of NYSE:DELL traded down $1.72 during mid-day trading on Friday, hitting $124.95. 6,407,651 shares of the company traded hands, compared to its average volume of 5,904,127. The stock has a market cap of $84.82 billion, a P/E ratio of 18.37, a P/E/G ratio of 0.87 and a beta of 1.01. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The stock has a 50-day moving average price of $129.34 and a two-hundred day moving average price of $110.77.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.29 by $0.03. The company had revenue of $29.78 billion for the quarter, compared to analysts' expectations of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.Dell Technologies's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $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. As a group, analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. Dell Technologies's payout ratio is presently 30.88%.

Insiders Place Their Bets

In other Dell Technologies news, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total value of $10,803,456.60. Following the transaction, the insider owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the transaction, the director directly owned 938,741 shares in the company, valued at approximately $105,918,147.03. This represents a 35.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,918,898 shares of company stock valued at $1,576,038,056. 42.00% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages have commented on DELL. Bank of America raised their price objective on Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Evercore ISI raised their price objective on Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. Mizuho raised their price objective on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Raymond James Financial raised their price objective on Dell Technologies from $150.00 to $152.00 and gave the company an "outperform" rating in a research note on Friday, August 29th. Finally, UBS Group raised their price objective on Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $146.31.

Dell Technologies Company Profile

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).