Dell Technologies Inc. $DELL Stock Position Raised by Allspring Global Investments Holdings LLC

Key Points

• Allspring Global Investments raised its position in Dell by 4.9% to 273,850 shares worth about $40.99 million, and institutional investors now own roughly 76.37% of the stock.
• Insiders sold heavily last quarter — a total of 1,710,159 shares valued at $260.5 million (including large sales by directors Ellen Kullman and William D. Green), reducing insider holdings to about 42%.
• Analyst sentiment is broadly positive with a consensus rating of "Moderate Buy" and an average target of $162.84, following multiple upward price-target revisions (Goldman to $185, Evercore to $180, etc.).

Allspring Global Investments Holdings LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 273,850 shares of the technology company's stock after buying an additional 12,695 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Dell Technologies were worth $40,990,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in the company. Winnow Wealth LLC acquired a new stake in Dell Technologies in the second quarter valued at approximately $25,000. Flaharty Asset Management LLC acquired a new position in shares of Dell Technologies during the 1st quarter worth $27,000. Westside Investment Management Inc. raised its holdings in shares of Dell Technologies by 84.7% during the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company's stock valued at $27,000 after purchasing an additional 100 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dell Technologies in the 2nd quarter valued at $28,000. Finally, Central Pacific Bank Trust Division bought a new stake in Dell Technologies in the second quarter worth $29,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on DELL shares. Zacks Research lowered Dell Technologies from a "strong-buy" rating to a "hold" rating in a report on Tuesday, November 18th. JPMorgan Chase & Co. increased their price objective on Dell Technologies from $165.00 to $170.00 and gave the company an "overweight" rating in a report on Monday, November 17th. Raymond James Financial raised their price objective on Dell Technologies from $161.00 to $166.00 and gave the company an "outperform" rating in a research note on Wednesday, November 26th. Evercore ISI set a $180.00 target price on Dell Technologies and gave the stock an "outperform" rating in a report on Monday, November 3rd. Finally, The Goldman Sachs Group increased their price target on Dell Technologies from $175.00 to $185.00 and gave the company a "buy" rating in a report on Wednesday, November 26th. Sixteen investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $162.84.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Ellen Jamison Kullman sold 79,806 shares of Dell Technologies stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total transaction of $12,255,009.36. Following the sale, the director owned 65,662 shares in the company, valued at $10,083,056.72. The trade was a 54.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director William D. Green sold 42,736 shares of the stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the completion of the transaction, the director owned 47,619 shares of the company's stock, valued at approximately $7,619,040. This represents a 47.30% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,710,159 shares of company stock valued at $260,506,809 in the last quarter. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $127.73 on Friday. The company has a market cap of $84.64 billion, a PE ratio of 17.03, a price-to-earnings-growth ratio of 0.84 and a beta of 1.03. The firm has a fifty day moving average price of $136.13 and a two-hundred day moving average price of $133.88. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $168.08.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Tuesday, November 25th. The technology company reported $2.59 EPS for the quarter, beating analysts' consensus estimates of $2.47 by $0.12. Dell Technologies had a net margin of 5.01% and a negative return on equity of 234.84%. The business had revenue of $27.01 billion during the quarter, compared to analyst estimates of $27.26 billion. During the same quarter in the prior year, the business earned $2.15 earnings per share. The firm's revenue for the quarter was up 10.8% on a year-over-year basis. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS and its Q4 2026 guidance at 3.500-3.500 EPS. Analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th will be given a $0.525 dividend. The ex-dividend date is Tuesday, January 20th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies's dividend payout ratio (DPR) is currently 28.00%.

Dell Technologies Company Profile

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.