Westbourne Investments Inc. Raises Stock Position in Dell Technologies Inc. $DELL

Key Points

• Westbourne Investments Inc. increased its stake in Dell Technologies by 167.5%, owning 21,808 shares valued at approximately $1,988,000, making it the company's 25th largest holding.
• Dell Technologies reported $2.32 EPS for the quarter, exceeding expectations, with a revenue up 19% year-over-year, totaling $29.78 billion.
• The company recently announced a quarterly dividend of $0.525 per share, representing an annualized dividend yield of 1.7%.

Westbourne Investments Inc. grew its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 167.5% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 21,808 shares of the technology company's stock after buying an additional 13,657 shares during the period. Dell Technologies accounts for approximately 1.2% of Westbourne Investments Inc.'s portfolio, making the stock its 25th largest position. Westbourne Investments Inc.'s holdings in Dell Technologies were worth $1,988,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in DELL. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies during the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in Dell Technologies during the first quarter worth about $26,000. Cheviot Value Management LLC purchased a new position in Dell Technologies during the first quarter worth about $27,000. Flaharty Asset Management LLC purchased a new position in Dell Technologies during the first quarter worth about $27,000. Finally, Cullen Frost Bankers Inc. raised its holdings in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after purchasing an additional 222 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the transaction, the director owned 960,050 shares of the company's stock, valued at $121,158,310. This trade represents a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director William D. Green sold 50,000 shares of the stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of $140.00, for a total transaction of $7,000,000.00. Following the transaction, the director directly owned 45,045 shares in the company, valued at approximately $6,306,300. This represents a 52.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,618,897 shares of company stock valued at $1,428,008,024 over the last 90 days. 42.00% of the stock is currently owned by insiders.

Dell Technologies Stock Performance

NYSE DELL traded down $0.39 during mid-day trading on Friday, reaching $124.98. 4,363,546 shares of the stock were exchanged, compared to its average volume of 6,521,694. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The business's fifty day simple moving average is $129.36 and its 200 day simple moving average is $111.01. The stock has a market capitalization of $84.84 billion, a PE ratio of 18.38, a PEG ratio of 0.86 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $29.78 billion for the quarter, compared to analyst estimates of $29.14 billion. During the same quarter last year, the business earned $1.89 earnings per share. Dell Technologies'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, analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be paid a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on DELL. Cowen reissued a "hold" rating on shares of Dell Technologies in a report on Friday, August 29th. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a report on Thursday, July 17th. UBS Group increased their target price on shares of Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a report on Friday, August 29th. Wells Fargo & Company increased their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Finally, The Goldman Sachs Group set a $140.00 target price on shares of Dell Technologies and gave the company a "buy" rating in a report on Thursday, August 28th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $146.31.

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).