Dell Technologies Inc. $DELL Shares Bought by Jackson Square Capital LLC

Key Points

• Jackson Square Capital increased its Dell position by 15.1% in the third quarter, bringing its holdings to 17,115 shares valued at approximately $9.2 million. Institutional investors collectively own 76.37% of Dell’s stock.
• Analysts maintain a “Moderate Buy” consensus on Dell, with an average price target of $569.96; several firms recently raised targets to between $625 and $650.
• Dell reported quarterly earnings of $7.04 per share, exceeding estimates of $4.91, while revenue rose 57.7% year over year to $46.97 billion. However, insiders sold about 1.82 million shares worth $990.3 million over the past 90 days.

Jackson Square Capital LLC increased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 15.1% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 17,115 shares of the technology company's stock after buying an additional 2,243 shares during the period. Dell Technologies accounts for 1.4% of Jackson Square Capital LLC's holdings, making the stock its 21st biggest holding. Jackson Square Capital LLC's holdings in Dell Technologies were worth $9,207,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DELL. Wellington Management Group LLP boosted its position in Dell Technologies by 140.1% during the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company's stock valued at $1,090,294,000 after acquiring an additional 1,474,347 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Dell Technologies by 7.6% in the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company's stock valued at $2,362,624,000 after purchasing an additional 1,011,101 shares during the period. Renaissance Technologies LLC lifted its stake in shares of Dell Technologies by 70.2% in the 1st quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company's stock valued at $118,432,000 after purchasing an additional 297,500 shares during the period. Quantinno Capital Management LP boosted its position in shares of Dell Technologies by 73.4% during the 1st quarter. Quantinno Capital Management LP now owns 438,347 shares of the technology company's stock valued at $71,946,000 after purchasing an additional 185,527 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund grew its stake in Dell Technologies by 126.0% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 224,671 shares of the technology company's stock worth $36,875,000 after purchasing an additional 125,257 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Ratings Changes

DELL has been the subject of a number of research analyst reports. TD Cowen lifted their target price on Dell Technologies from $500.00 to $550.00 and gave the stock a "hold" rating in a report on Tuesday, September 29th. Evercore restated an "outperform" rating and set a $650.00 price target on shares of Dell Technologies in a report on Wednesday, September 9th. JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $565.00 to $635.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 2nd. Mizuho lifted their price objective on shares of Dell Technologies from $600.00 to $650.00 and gave the company an "outperform" rating in a research note on Tuesday, October 6th. Finally, Fox Advisors upgraded shares of Dell Technologies from an "equal weight" rating to an "overweight" rating and set a $625.00 price objective for the company in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and an average price target of $569.96.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the completion of the sale, the director directly owned 64,209 shares of the company's stock, valued at approximately $33,217,884.06. The trade was a 58.68% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total value of $42,942,324.04. Following the completion of the sale, the director directly owned 73,185 shares of the company's stock, valued at approximately $37,861,527.90. This trade represents a 53.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,817,628 shares of company stock worth $990,253,476. Corporate insiders own 41.50% of the company's stock.

Dell Technologies Price Performance

Shares of DELL traded up $9.51 during trading hours on Monday, hitting $461.22. The stock had a trading volume of 3,239,147 shares, compared to its average volume of 8,291,422. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $595.51. The firm has a market capitalization of $293.25 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 0.47 and a beta of 1.37. The firm has a 50 day simple moving average of $514.56 and a 200-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 earnings per share for the quarter, topping analysts' consensus estimates of $4.91 by $2.13. The business had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The firm's revenue for the quarter was up 57.7% on a year-over-year basis. During the same period in the prior year, the business earned $1.70 EPS. 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 analysts predict that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.5%. Dell Technologies's dividend payout ratio is presently 14.63%.

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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