Dell Technologies Inc. $DELL Shares Acquired by Public Employees Retirement System of Ohio

Key Points

• The Public Employees Retirement System of Ohio increased its stake in Dell Technologies by 11.9%, owning 129,689 shares valued at approximately $15.9 million after acquiring additional shares in the second quarter.
• Dell Technologies reported earnings per share of $2.32 for the last quarter, exceeding estimates, and its revenue increased 19.0% year-over-year, reaching $29.78 billion.
• Insider transactions included significant sales, with one director selling 565,000 shares for about $74.76 million, while 42% of the company's stock is currently owned by insiders.

Public Employees Retirement System of Ohio lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 11.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 129,689 shares of the technology company's stock after buying an additional 13,835 shares during the period. Public Employees Retirement System of Ohio's holdings in Dell Technologies were worth $15,900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the first quarter worth about $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies during the first quarter worth about $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies during the first quarter worth about $27,000. Flaharty Asset Management LLC acquired a new stake in shares of Dell Technologies during the first quarter worth about $27,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of 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 during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Dell Technologies Trading Down 0.9%

Shares of NYSE:DELL opened at $130.91 on Friday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66. The company has a market capitalization of $88.02 billion, a PE ratio of 19.25, a PEG ratio of 0.90 and a beta of 1.01. The business has a 50 day moving average of $130.39 and a two-hundred day moving average of $113.04.

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 for the quarter, topping the consensus estimate of $2.29 by $0.03. The business had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The business's quarterly revenue was up 19.0% on a year-over-year basis. During the same period in the prior year, the company posted $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Equities research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio is presently 30.88%.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William D. Green sold 50,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $140.00, for a total value of $7,000,000.00. Following the transaction, the director directly owned 45,045 shares of the company's stock, valued at approximately $6,306,300. The trade was a 52.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 3,191,981 shares of company stock valued at $418,740,215 in the last three months. 42.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

DELL has been the subject of a number of research reports. 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 report on Friday, August 29th. Sanford C. Bernstein initiated coverage on Dell Technologies in a report on Monday, September 15th. They set an "outperform" rating and a $175.00 target price for the company. Morgan Stanley lifted their target price on Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Daiwa Capital Markets boosted their price target on Dell Technologies from $125.00 to $140.00 and gave the company an "outperform" rating in a report on Thursday, September 11th. Finally, Cowen reissued a "hold" rating on shares of Dell Technologies in a report on Friday, August 29th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $147.67.

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).

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