Eventide Asset Management LLC cut its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 50.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,449 shares of the technology company's stock after selling 36,378 shares during the period. Eventide Asset Management LLC's holdings in Dell Technologies were worth $3,231,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of DELL. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies in the first quarter valued at about $25,000. N.E.W. Advisory Services LLC acquired a new stake in Dell Technologies during the first quarter worth about $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies in the 1st quarter valued at about $27,000. Cullen Frost Bankers Inc. raised its position in shares of Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after buying an additional 222 shares in the last quarter. Finally, Crowley Wealth Management Inc. lifted its holdings in shares of Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock worth $30,000 after acquiring an additional 150 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Dell Technologies
In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction dated 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 completion of the sale, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The sale 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 business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the completion of the transaction, the insider directly owned 56,429 shares in the company, valued at $6,682,322.18. This represents a 61.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 12,154,806 shares of company stock worth $1,488,485,888. Company insiders own 42.00% of the company's stock.
Dell Technologies Price Performance
NYSE DELL traded down $1.62 on Tuesday, reaching $121.38. The company had a trading volume of 10,639,142 shares, compared to its average volume of 7,150,138. The firm has a market cap of $82.40 billion, a price-to-earnings ratio of 17.85, a P/E/G ratio of 0.86 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 business has a 50 day moving average of $129.35 and a two-hundred day moving average of $110.67.
Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, beating analysts' consensus estimates 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 firm had revenue of $29.78 billion for the quarter, compared to analyst estimates of $29.14 billion. During the same quarter in the previous year, the company posted $1.89 EPS. The business's revenue was up 19.0% on a year-over-year basis. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. As a group, research analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.
Dell Technologies Announces Dividend
The company 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. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.7%. Dell Technologies's dividend payout ratio (DPR) is presently 30.88%.
Wall Street Analyst Weigh In
DELL has been the topic of a number of research analyst reports. Raymond James Financial raised their target price on Dell Technologies from $150.00 to $152.00 and gave the company an "outperform" rating in a report on Friday, August 29th. UBS Group boosted their target price on Dell Technologies from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Susquehanna reaffirmed a "neutral" rating and set a $125.00 price target on shares of Dell Technologies in a report on Wednesday, August 13th. Fox Advisors downgraded shares of Dell Technologies from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 29th. Finally, Wells Fargo & Company raised their target price 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. Fourteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $146.31.
Read Our Latest Report on Dell Technologies
About Dell Technologies
(
Free Report)
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).
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