Alkeon Capital Management LLC Grows Stock Position in Dell Technologies Inc. $DELL

Key Points

• Alkeon Capital Management LLC increased its stake in Dell Technologies by 41.4% in the first quarter, owning about 3.18 million shares valued at approximately <$289.66 million.
• Several institutional investors raised their stakes significantly, with Mather Group LLC growing its position by 113.3% in the same quarter.
• Wall Street analysts maintain a positive outlook on Dell, with most analysts rating the stock as a Moderate Buy and setting a consensus price target of $146.31.

Alkeon Capital Management LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 41.4% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 3,177,809 shares of the technology company's stock after buying an additional 931,032 shares during the quarter. Dell Technologies makes up about 0.6% of Alkeon Capital Management LLC's holdings, making the stock its 27th biggest holding. Alkeon Capital Management LLC owned about 0.46% of Dell Technologies worth $289,657,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies in the 1st quarter worth $25,000. N.E.W. Advisory Services LLC bought a new position in Dell Technologies in the 1st quarter worth $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies in the 1st quarter worth $27,000. Cullen Frost Bankers Inc. raised its holdings in Dell Technologies by 270.7% in the 1st 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. raised its holdings in Dell Technologies by 86.2% in the 1st 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.

Insiders Place Their Bets

In other Dell Technologies news, Director William D. Green sold 50,000 shares of the company'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 directly owned 45,045 shares in the company, valued at $6,306,300. This represents a 52.61% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the company's 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 transaction, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,918,898 shares of company stock valued at $1,576,038,056. Insiders own 42.00% of the company's stock.

Dell Technologies Stock Down 1.4%

Shares of Dell Technologies stock traded down $1.72 during trading hours on Friday, reaching $124.95. 6,407,651 shares of the stock traded hands, compared to its average volume of 5,904,127. The firm has a market capitalization of $84.82 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 0.87 and a beta of 1.01. The company has a 50 day moving average price of $129.34 and a 200 day moving average price of $110.77. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. The company had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm's revenue was up 19.0% compared to the same quarter last year. During the same quarter last year, the firm 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. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

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

Analysts Set New Price Targets

Several brokerages recently issued reports on DELL. Bank of America increased their price target on shares of Dell Technologies from $165.00 to $167.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Evercore ISI increased their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Morgan Stanley raised their price objective on shares of Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Barclays raised their price objective on shares of Dell Technologies from $123.00 to $131.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. Finally, TD Cowen raised their price objective on shares of Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Fourteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target 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).