Candriam S.C.A. Reduces Stock Holdings in Dell Technologies Inc. $DELL

Key Points

• Candriam S.C.A. reduced its stake in Dell Technologies by 2.8%, holding 98,941 shares worth approximately $9 million after selling 2,871 shares in the first quarter.
• Major institutional investors like Michael & Susan Dell Foundation and Janus Henderson Group significantly increased their stakes, indicating strong institutional interest in Dell.
• Despite a miss on earnings per share of $1.55 compared to the expected $1.68, Dell reported a 5.1% year-over-year revenue growth with quarterly revenue of $23.38 billion.

Candriam S.C.A. trimmed its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 2.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 98,941 shares of the technology company's stock after selling 2,871 shares during the quarter. Candriam S.C.A.'s holdings in Dell Technologies were worth $9,018,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Michael & Susan Dell Foundation purchased a new position in shares of Dell Technologies during the 4th quarter worth approximately $265,052,000. Janus Henderson Group PLC boosted its holdings in shares of Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after purchasing an additional 1,865,013 shares during the last quarter. Boston Partners boosted its holdings in Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after acquiring an additional 1,312,600 shares during the last quarter. Vanguard Group Inc. raised its position in Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after purchasing an additional 1,145,658 shares during the period. Finally, Deutsche Bank AG increased its position in shares of Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after acquiring an additional 1,142,012 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Morgan Stanley lifted their target price on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Evercore ISI upped their price objective 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. Wall Street Zen cut shares of Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Finally, Susquehanna reissued a "neutral" rating and issued a $125.00 price target on shares of Dell Technologies in a research report on Wednesday, August 13th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $144.06.

Dell Technologies Trading Up 0.2%

Shares of DELL traded up $0.29 during mid-day trading on Wednesday, hitting $131.28. 1,085,511 shares of the company traded hands, compared to its average volume of 6,995,433. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66. The stock has a market capitalization 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 50-day moving average of $128.42 and a 200 day moving average of $110.06.

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

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were given 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 payout ratio is presently 33.49%.

Insider Activity

In other Dell Technologies news, Director William D. Green sold 50,000 shares of the firm's stock in a transaction on Monday, August 11th. The shares were 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. This trade represents a 52.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brunilda Rios sold 6,000 shares of Dell Technologies stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the transaction, the chief accounting officer owned 18,948 shares of the company's stock, valued at $2,392,942.92. The trade was a 24.05% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 12,989,063 shares of company stock worth $1,583,673,412. Company insiders own 42.00% of the company's stock.

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).