Dell Technologies Inc. $DELL Shares Acquired by Evergreen Capital Management LLC

Key Points

• Evergreen Capital Management LLC increased its stake in Dell Technologies by 26.9%, holding a total of 132,006 shares valued at around $12 million as of the end of the first quarter.
• Dell Technologies reported quarterly earnings of $2.32 per share, exceeding expectations and showing a 19% increase in revenue year-over-year, totaling $29.78 billion.
• The company recently declared a quarterly dividend of $0.525 per share, reflecting a 1.6% dividend yield, with a current payout ratio of 33.49%.

Evergreen Capital Management LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 132,006 shares of the technology company's stock after purchasing an additional 27,942 shares during the period. Evergreen Capital Management LLC's holdings in Dell Technologies were worth $12,032,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of DELL. Smallwood Wealth Investment Management LLC acquired a new position in shares of Dell Technologies during the 1st quarter worth about $25,000. N.E.W. Advisory Services LLC acquired a new stake in Dell Technologies in the 1st quarter valued at about $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies in the 1st quarter valued at about $27,000. Cullen Frost Bankers Inc. raised its holdings in Dell Technologies by 270.7% in the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after acquiring an additional 222 shares during the last quarter. Finally, Crowley Wealth Management Inc. raised its holdings in Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after acquiring an additional 150 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on DELL. UBS Group increased their price objective 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. Evercore ISI increased their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, August 15th. JPMorgan Chase & Co. increased their price objective 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. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Finally, TD Cowen raised their price target on shares of Dell Technologies from $125.00 to $130.00 and gave the stock a "hold" rating in a report on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $146.31.

Dell Technologies Price Performance

Shares of NYSE:DELL traded up $2.22 during mid-day trading on Wednesday, reaching $123.18. 2,742,226 shares of the company were exchanged, compared to its average volume of 7,124,871. The firm has a market cap of $83.62 billion, a price-to-earnings ratio of 18.11, a P/E/G ratio of 0.85 and a beta of 1.01. The firm's 50-day simple moving average is $129.24 and its 200 day simple moving average is $110.56. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. The firm had revenue of $29.78 billion during the quarter, compared to analysts' expectations of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter last year, the company posted $1.89 EPS. 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, research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.7%. Dell Technologies's dividend payout ratio (DPR) is presently 30.88%.

Insider Activity

In other Dell Technologies news, Director William D. Green sold 50,000 shares of the business's stock in a transaction 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 transaction, the director owned 45,045 shares in the company, valued at $6,306,300. The trade was a 52.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction 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 completion of the transaction, the director owned 960,050 shares of the company's stock, valued at approximately $121,158,310. This trade represents a 39.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,918,898 shares of company stock worth $1,576,038,056 in the last three months. 42.00% of the stock is currently owned by corporate insiders.

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).