Dell Technologies Inc. $DELL Shares Newly Acquired by BDF Gestion

Key Points

• BDF Gestion acquired 4,601 Dell Technologies shares worth approximately $2.48 million during the third quarter. Institutional investors collectively own 76.37% of Dell’s outstanding stock.
• Analysts remain broadly positive, with a “Moderate Buy” consensus rating and an average price target of $569.96. Dell recently exceeded earnings expectations, reporting $7.04 in EPS and $46.97 billion in revenue, up 57.7% year over year.
• Dell shares rose 2.2% to $461.46, while insiders sold approximately $990.3 million worth of stock over the past three months. The company also declared a quarterly dividend of $0.63 per share, yielding about 0.5%.

BDF Gestion bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 4,601 shares of the technology company's stock, valued at approximately $2,475,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings 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 buying an additional 1,011,101 shares in the last quarter. Wellington Management Group LLP raised its stake in Dell Technologies by 140.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company's stock worth $1,090,294,000 after acquiring an additional 1,474,347 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Dell Technologies by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company's stock valued at $157,869,000 after acquiring an additional 27,668 shares during the last quarter. Swiss National Bank lifted its position in Dell Technologies by 4.7% in the first quarter. Swiss National Bank now owns 931,008 shares of the technology company's stock valued at $152,806,000 after acquiring an additional 41,700 shares during the last quarter. Finally, Amundi lifted its position in Dell Technologies by 5.8% in the first quarter. Amundi now owns 845,709 shares of the technology company's stock valued at $138,806,000 after acquiring an additional 46,240 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DELL. Susquehanna restated a "positive" rating on shares of Dell Technologies in a research note on Tuesday, September 29th. Wells Fargo & Company lifted their target price on Dell Technologies from $505.00 to $545.00 and gave the stock an "overweight" rating in a research report on Friday, August 14th. KeyCorp reissued a "sector weight" rating on shares of Dell Technologies in a report on Wednesday, September 2nd. Truist Financial upped their target price on Dell Technologies from $360.00 to $505.00 and gave the company a "hold" rating in a research report on Wednesday, September 2nd. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a research note on Thursday, September 3rd. They set a "hold" rating and a $480.00 price target on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, Dell Technologies presently 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 Spv-2 L.P. Sl sold 83,006 shares of the company's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the completion of the transaction, the director owned 73,185 shares in the company, valued at approximately $37,861,527.90. This represents a 53.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were 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 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 disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,817,628 shares of company stock worth $990,253,476 over the last three months. 41.50% of the stock is currently owned by corporate insiders.

Dell Technologies Trading Up 2.2%

Shares of NYSE DELL traded up $9.75 during midday trading on Monday, reaching $461.46. 3,189,906 shares of the company were exchanged, 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 stock has a fifty day simple moving average of $514.56 and a 200 day simple moving average of $394.91. The stock has a market cap of $293.40 billion, a P/E ratio of 26.81, a PEG ratio of 0.47 and a beta of 1.37.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The firm had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. During the same period in the prior year, the business earned $1.70 EPS. The firm's revenue was up 57.7% compared to the same quarter last year. 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. As a group, analysts forecast that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

The company 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 $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, October 20th. Dell Technologies's dividend payout ratio (DPR) is 14.63%.

About Dell Technologies

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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