Sumitomo Mitsui DS Asset Management Company Ltd Buys 4,261 Shares of Dell Technologies Inc. $DELL

Key Points

• Sumitomo Mitsui DS Asset Management increased its stake in Dell Technologies by 11.7% in the second quarter, now owning 40,779 shares valued at $5 million.
• Dell Technologies reported a $2.32 EPS for its latest quarter, exceeding analysts' estimates, with a 19.0% increase in year-over-year revenue.
• The company announced a quarterly dividend of $0.525, with a yield of 1.6%, to be paid on October 31st to stockholders of record.

Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 11.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 40,779 shares of the technology company's stock after buying an additional 4,261 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd's holdings in Dell Technologies were worth $5,000,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Boston Partners lifted its position in Dell Technologies by 34.4% in the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after purchasing an additional 1,312,600 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after buying an additional 1,145,658 shares during the last quarter. Deutsche Bank AG raised its stake in Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after purchasing an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC raised its stake in Dell Technologies by 41.4% during the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company's stock valued at $289,657,000 after purchasing an additional 931,032 shares during the last quarter. Finally, Auto Owners Insurance Co raised its stake in shares of Dell Technologies by 18,732.9% in the 1st quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock valued at $71,188,000 after buying an additional 776,853 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Trading Up 0.9%

NYSE DELL traded up $1.27 during trading on Tuesday, hitting $136.96. 1,017,813 shares of the company's stock were exchanged, compared to its average volume of 7,103,951. The company has a market cap of $92.09 billion, a PE ratio of 20.13, a P/E/G ratio of 0.90 and a beta of 1.01. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The stock's 50 day moving average price is $129.91 and its two-hundred day moving average price is $112.47.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data 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. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The company had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. During the same quarter in the prior year, the firm posted $1.89 earnings per share. The firm's revenue was up 19.0% compared to the same quarter last year. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend payout ratio is presently 30.88%.

Insiders Place Their Bets

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the 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 transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,679,811 shares of company stock valued at $1,566,623,756 over the last 90 days. 42.00% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on the stock. Citigroup increased their price objective on shares of Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Wells Fargo & Company increased their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Fox Advisors downgraded shares of Dell Technologies from an "overweight" rating to an "equal weight" rating in a report on Friday, August 29th. Morgan Stanley lifted their price objective on shares of Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Finally, Evercore ISI boosted their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Sixteen research 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 company presently has a consensus rating of "Moderate Buy" and a consensus 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).