Ethic Inc. Sells 3,890 Shares of Dell Technologies Inc. $DELL

Key Points

• Ethic Inc. reduced its holdings in Dell Technologies by 8.3%, selling 3,890 shares and currently owning 42,893 shares valued at approximately $3.94 million.
• Insider transactions revealed William F. Scannell sold 91,230 shares for over $10.8 million, representing a 61.78% decrease in his ownership.
• Analysts have shown positivity towards Dell, with JPMorgan Chase raising its target price to $145 and a consensus rating of "Moderate Buy" from numerous analysts.

Ethic Inc. lessened its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 8.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 42,893 shares of the technology company's stock after selling 3,890 shares during the period. Ethic Inc.'s holdings in Dell Technologies were worth $3,944,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of DELL. Brighton Jones LLC grew its position in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares during the last quarter. Townsquare Capital LLC grew its position in Dell Technologies by 21.0% in the fourth quarter. Townsquare Capital LLC now owns 5,689 shares of the technology company's stock valued at $656,000 after acquiring an additional 989 shares during the last quarter. Mariner LLC grew its position in Dell Technologies by 10.0% in the fourth quarter. Mariner LLC now owns 83,209 shares of the technology company's stock valued at $9,580,000 after acquiring an additional 7,587 shares during the last quarter. CreativeOne Wealth LLC bought a new position in Dell Technologies in the fourth quarter valued at about $202,000. Finally, United Capital Financial Advisors LLC boosted its stake in shares of Dell Technologies by 10.8% during the fourth quarter. United Capital Financial Advisors LLC now owns 4,988 shares of the technology company's stock valued at $575,000 after purchasing an additional 486 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Down 5.0%

DELL traded down $6.8170 during trading on Wednesday, hitting $128.3830. The company's stock had a trading volume of 7,202,988 shares, compared to its average volume of 7,116,494. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The stock's fifty day moving average price is $126.71 and its 200-day moving average price is $109.16. The firm has a market capitalization of $87.15 billion, a P/E ratio of 20.48, a PEG ratio of 0.97 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. During the same period last year, the firm posted $1.27 earnings per share. Dell Technologies's quarterly revenue was up 5.1% compared to the same quarter last year. Dell Technologies has set its Q2 2026 guidance at 2.250-2.25 EPS. FY 2026 guidance at 9.400-9.40 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's dividend payout ratio is presently 33.49%.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the transaction, the director directly owned 960,050 shares of the company's stock, valued at $121,158,310. This represents a 39.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the transaction, the general counsel directly owned 79,928 shares in the company, valued at $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,989,063 shares of company stock valued at $1,583,673,412 over the last three months. 42.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of analysts have recently commented on DELL shares. Barclays lifted their price target on Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Raymond James Financial lifted their price objective on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research note on Friday, May 30th. Mizuho lifted their price objective on Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a research note on Monday, May 19th. Morgan Stanley lifted their price objective on Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a research note on Wednesday, May 21st. Finally, Wall Street Zen lowered Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Sixteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $143.00.

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).