Dell Technologies Inc. $DELL Shares Sold by Tanager Wealth Management LLP

Key Points

• Tanager Wealth Management LLP has significantly reduced its stake in Dell Technologies by 54.7%, selling 1,975 shares during the second quarter, resulting in holdings worth $201,000.
• Several institutional investors, including Boston Partners and Vanguard Group, have increased their positions in Dell Technologies, indicating a positive outlook for the company.
• Dell Technologies reported a quarterly EPS of $2.32, exceeding analysts' expectations, and announced a quarterly dividend of $0.525, reflecting a yield of 1.4%.

Tanager Wealth Management LLP lowered its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 54.7% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,638 shares of the technology company's stock after selling 1,975 shares during the quarter. Tanager Wealth Management LLP's holdings in Dell Technologies were worth $201,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Boston Partners increased its holdings in Dell Technologies by 34.4% in the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after purchasing an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Dell Technologies by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after buying an additional 1,145,658 shares during the period. Deutsche Bank AG lifted its position in Dell Technologies by 38.1% during the 1st 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 in the last quarter. Alkeon Capital Management LLC raised its stake in shares of Dell Technologies by 41.4% during the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company's stock valued at $289,657,000 after purchasing an additional 931,032 shares during the period. Finally, Auto Owners Insurance Co boosted its stake in shares of Dell Technologies by 18,732.9% in the first quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock valued at $71,188,000 after purchasing an additional 776,853 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DELL has been the subject of several recent analyst reports. Wall Street Zen upgraded Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Morgan Stanley lifted their price objective on Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Bank of America raised their price target on shares of Dell Technologies from $167.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday. TD Cowen increased their price objective on shares of Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Finally, Citigroup upped their target price on shares of Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $148.67.

Dell Technologies Trading Up 5.4%

NYSE:DELL opened at $149.46 on Thursday. The firm has a market capitalization of $100.49 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 0.97 and a beta of 1.04. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $149.68. The stock has a 50 day moving average of $131.27 and a 200-day moving average of $114.29.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, topping 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 during the quarter, compared to the consensus estimate of $29.14 billion. During the same period in the prior year, the business earned $1.89 EPS. The firm'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, analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be given a $0.525 dividend. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.4%. Dell Technologies's dividend payout ratio is 30.88%.

Insiders Place Their Bets

In other news, Director Lynn Vojvodich Radakovich sold 725 shares of the business's stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $126.39, for a total transaction of $91,632.75. Following the completion of the transaction, the director directly owned 23,680 shares in the company, valued at approximately $2,992,915.20. The trade was a 2.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director William D. Green sold 50,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the director owned 45,045 shares in the company, valued at approximately $6,306,300. This represents a 52.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 3,204,462 shares of company stock worth $420,370,484. 42.00% of the stock is currently owned by corporate insiders.

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).

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