Dell Technologies Inc. $DELL Shares Sold by Kera Capital Partners Inc.

Key Points

• Kera Capital Partners Inc. reduced its stake in Dell Technologies by 92.3%, owning only 2,603 shares after selling 31,224 shares in the second quarter, with holdings valued at approximately $319,000.
• Several institutional investors, including Wealthcare Advisory Partners LLC and Mather Group LLC, significantly increased their holdings in Dell Technologies during the first quarter, reflecting strong interest in the stock.
• Analysts have a consensus rating of "Moderate Buy" for Dell Technologies with a target price of $146.31, while the company recently reported a positive earnings result, surpassing estimates with $2.32 earnings per share.

Kera Capital Partners Inc. lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 92.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 2,603 shares of the technology company's stock after selling 31,224 shares during the period. Kera Capital Partners Inc.'s holdings in Dell Technologies were worth $319,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of DELL. Exchange Traded Concepts LLC lifted its holdings in shares of Dell Technologies by 25.9% in the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after purchasing an additional 506 shares in the last quarter. Wealthcare Advisory Partners LLC lifted its holdings in shares of Dell Technologies by 44.9% in the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after purchasing an additional 809 shares in the last quarter. Mather Group LLC. lifted its holdings in shares of Dell Technologies by 113.3% in the first quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after purchasing an additional 554 shares in the last quarter. Golden State Wealth Management LLC lifted its holdings in shares of Dell Technologies by 54.6% in the first quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock valued at $402,000 after purchasing an additional 1,558 shares in the last quarter. Finally, Westbourne Investments Inc. lifted its holdings in shares of Dell Technologies by 167.5% in the first quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company's stock valued at $1,988,000 after purchasing an additional 13,657 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Analysts Set New Price Targets

DELL has been the subject of a number of research analyst reports. Cowen restated a "hold" rating on shares of Dell Technologies in a report on Friday, August 29th. Bank of America increased their target price on Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a report on Friday, August 29th. JPMorgan Chase & Co. increased their price objective on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. KeyCorp initiated coverage on Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating for the company. Finally, Mizuho increased their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Fourteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $146.31.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 173,100 shares of the firm's stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $126.01, for a total value of $21,812,331.00. Following the sale, the director directly owned 980,295 shares of the company's stock, valued at approximately $123,526,972.95. This trade represents a 15.01% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value 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 represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 11,618,897 shares of company stock valued at $1,428,008,024. Insiders own 42.00% of the company's stock.

Dell Technologies Price Performance

NYSE DELL opened at $124.98 on Friday. 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 is $129.36 and its two-hundred day moving average is $110.98. The firm has a market cap of $84.84 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 0.86 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share 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 for the quarter, compared to analyst estimates of $29.14 billion. During the same period last year, the company earned $1.89 earnings per share. The business'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. On average, equities analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently announced 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 annualized dividend and a yield of 1.7%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is 30.88%.

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).

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.