Dorsey & Whitney Trust CO LLC Boosts Stock Holdings in Dell Technologies Inc. $DELL

Key Points

• Dorsey & Whitney Trust CO LLC has increased its stake in Dell Technologies by 45.3%, now owning 7,411 shares valued at approximately $676,000.
• Wall Street analysts are optimistic, with JPMorgan Chase & Co. raising its price target to $145 and Bank of America increasing theirs to $165, indicating a positive outlook for Dell shares.
• The company announced a quarterly dividend of $0.525, which represents an annualized yield of 1.6%, reflecting its ongoing commitment to returning value to shareholders.

Dorsey & Whitney Trust CO LLC grew its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 45.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,411 shares of the technology company's stock after acquiring an additional 2,311 shares during the period. Dorsey & Whitney Trust CO LLC's holdings in Dell Technologies were worth $676,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Bellwether Advisors LLC acquired a new stake in shares of Dell Technologies during the 4th quarter worth approximately $25,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth approximately $27,000. Finally, Cullen Frost Bankers Inc. grew its position in shares of Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after buying an additional 222 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Stock Up 0.2%

Shares of DELL traded up $0.29 during trading hours on Wednesday, hitting $131.28. The company had a trading volume of 1,085,511 shares, compared to its average volume of 6,995,433. The firm has a market cap of $89.12 billion, a price-to-earnings ratio of 21.02, a PEG ratio of 0.91 and a beta of 1.02. The business has a fifty day moving average of $128.42 and a 200-day moving average of $110.06. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company had revenue of $23.38 billion during the quarter, compared to the consensus estimate of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. Dell Technologies's revenue for the quarter was up 5.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.27 earnings per share. Dell Technologies has set its Q2 2026 guidance at 2.250-2.25 EPS. FY 2026 guidance at 9.400-9.40 EPS. On average, equities analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were paid a $0.525 dividend. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. Dell Technologies's dividend payout ratio is 33.49%.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the company's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the transaction, the director directly owned 960,050 shares in the company, valued at approximately $121,158,310. This represents a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William F. Scannell sold 91,230 shares of the company's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the transaction, the insider owned 56,429 shares in the company, valued at $6,682,322.18. This trade represents a 61.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 12,989,063 shares of company stock valued at $1,583,673,412 in the last three months. Insiders own 42.00% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on DELL. UBS Group decreased their price objective on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating for the company in a report on Friday, May 30th. Wall Street Zen cut shares of Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Susquehanna reiterated a "neutral" rating and issued a $125.00 price target on shares of Dell Technologies in a report on Wednesday, August 13th. Morgan Stanley upped their price target 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, KeyCorp began coverage on shares of Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Sixteen analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $144.06.

Dell Technologies Profile

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).