Dell Technologies Inc. $DELL Shares Acquired by Kercheville Advisors LLC

Key Points

• Kercheville Advisors increased its Dell stake by 13.6% in the third quarter, bringing its holdings to 18,800 shares valued at approximately $10.1 million. Institutional investors collectively own 76.37% of Dell’s stock.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $569.96; recent target increases included RBC’s $640 objective.
• Dell reported quarterly earnings of $7.04 per share, beating estimates of $4.91, while revenue rose 57.7% year over year to $46.97 billion. The company also declared a quarterly dividend of $0.63 per share, representing a 0.6% annualized yield.

Kercheville Advisors LLC increased its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 13.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,800 shares of the technology company's stock after purchasing an additional 2,250 shares during the period. Dell Technologies accounts for 2.8% of Kercheville Advisors LLC's portfolio, making the stock its 10th largest holding. Kercheville Advisors LLC's holdings in Dell Technologies were worth $10,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of DELL. Noble Wealth Management PBC boosted its position in Dell Technologies by 113.6% in the 3rd quarter. Noble Wealth Management PBC now owns 47 shares of the technology company's stock valued at $25,000 after buying an additional 25 shares during the last quarter. Cornerstone Financial Management LLC raised its position in shares of Dell Technologies by 56.1% during the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company's stock worth $28,000 after acquiring an additional 23 shares during the last quarter. Premier Financial Group bought a new stake in shares of Dell Technologies during the second quarter worth $34,000. Byrne Asset Management LLC acquired a new position in shares of Dell Technologies during the second quarter valued at $38,000. Finally, Retirement Wealth Solutions LLC boosted its holdings in Dell Technologies by 41.3% in the third quarter. Retirement Wealth Solutions LLC now owns 89 shares of the technology company's stock valued at $48,000 after acquiring an additional 26 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Royal Bank Of Canada started coverage on Dell Technologies in a research report on Thursday, September 10th. They issued an "outperform" rating and a $640.00 price objective for the company. Raymond James Financial raised their target price on shares of Dell Technologies from $500.00 to $617.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $505.00 to $545.00 and gave the stock an "overweight" rating in a research report on Friday, August 14th. TD Cowen boosted their price target on shares of Dell Technologies from $500.00 to $550.00 and gave the stock a "hold" rating in a research note on Tuesday, September 29th. Finally, Susquehanna restated a "positive" rating on shares of Dell Technologies in a report on Tuesday, September 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $569.96.

Dell Technologies Price Performance

Shares of NYSE DELL traded up $3.08 during midday trading on Monday, reaching $454.79. 6,638,347 shares of the stock were exchanged, compared to its average volume of 8,309,329. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $595.51. The company has a market capitalization of $289.16 billion, a price-to-earnings ratio of 26.40, a P/E/G ratio of 0.47 and a beta of 1.37. The business has a 50-day simple moving average of $514.56 and a two-hundred day simple moving average of $394.91.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly 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. The business had revenue of $46.97 billion during the quarter, compared to analysts' expectations of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. Dell Technologies's quarterly revenue was up 57.7% on a year-over-year basis. During the same quarter last year, the company posted $1.70 earnings per share. 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. Equities research analysts expect that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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 dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, October 20th. Dell Technologies's dividend payout ratio is currently 14.63%.

Insiders Place Their Bets

In other news, Director Lynn Vojvodich Radakovich sold 2,022 shares of the stock in a transaction dated Tuesday, September 22nd. The shares were sold at an average price of $565.28, for a total value of $1,142,996.16. Following the completion of the transaction, the director owned 25,267 shares of the company's stock, valued at approximately $14,282,929.76. This represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $586.40, for a total transaction of $1,055,520.00. Following the completion of the sale, the director owned 1,404,569 shares in the company, valued at approximately $823,639,261.60. The trade was a 0.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,817,628 shares of company stock valued at $990,253,476 over the last ninety days. 41.50% of the stock is owned by insiders.

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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