FCG Investment Co Decreases Stock Holdings in Dell Technologies Inc. $DELL

Key Points

• FCG Investment Co has significantly reduced its stock holdings in Dell Technologies Inc. by 79.3%, owning only 2,751 shares after selling 10,560 shares during the second quarter.
• Multiple hedge funds, including Westbourne Investments Inc. and First Hawaiian Bank, have increased their positions in Dell Technologies, suggesting growing institutional confidence as 76.37% of the company's stock is now held by institutional investors.
• Recent analyst ratings show positive sentiment, with a majority giving a "Buy" rating and increasing target prices, reflecting a consensus target price of $147.67 for the stock.

FCG Investment Co lowered its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 79.3% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,751 shares of the technology company's stock after selling 10,560 shares during the quarter. FCG Investment Co's holdings in Dell Technologies were worth $337,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Exchange Traded Concepts LLC increased its position in shares of Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after purchasing an additional 506 shares during the last quarter. First Hawaiian Bank increased its position in shares of Dell Technologies by 67.1% during the 1st quarter. First Hawaiian Bank now owns 34,878 shares of the technology company's stock valued at $3,179,000 after purchasing an additional 14,010 shares during the last quarter. Wealthcare Advisory Partners LLC increased its position in shares of Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after purchasing an additional 809 shares during the last quarter. Mather Group LLC. increased its position in shares of Dell Technologies by 113.3% during the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after purchasing an additional 554 shares during the last quarter. Finally, Westbourne Investments Inc. increased its position in shares of Dell Technologies by 167.5% during the 1st quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company's stock valued at $1,988,000 after purchasing an additional 13,657 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Wall Street Zen raised shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Evercore ISI increased their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Susquehanna reissued a "neutral" rating and issued a $125.00 target price on shares of Dell Technologies in a report on Wednesday, August 13th. Finally, TD Cowen increased their target price 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. Sixteen research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $147.67.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm's stock in a transaction on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total value of $112,183,364.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Vojvodich Radakovich sold 725 shares of the firm's stock in a transaction on Monday, September 15th. The stock was sold at an average price of $126.39, for a total value of $91,632.75. Following the completion of the sale, the director owned 23,680 shares of the company's stock, valued at approximately $2,992,915.20. This represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 3,191,981 shares of company stock valued at $418,740,215 in the last three months. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Price Performance

DELL stock opened at $130.91 on Friday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The company has a market capitalization of $88.02 billion, a price-to-earnings ratio of 19.25, a PEG ratio of 0.90 and a beta of 1.01. The business has a 50 day simple moving average of $130.39 and a two-hundred day simple moving average of $113.04.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, topping the consensus estimate 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 business 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 company posted $1.89 EPS. The firm's revenue for the quarter 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. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors 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 dividend on an annualized basis and a yield of 1.6%. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.

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).

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.