Firethorn Wealth Partners LLC Takes Position in Dell Technologies Inc. $DELL

Key Points

• Firethorn Wealth Partners LLC acquired a new stake of 3,652 shares in Dell Technologies, valued at approximately $448,000, during the second quarter.
• Insider activity saw significant sales, including Iv (Gp) L.L.C. Slta selling 824,999 shares for over $112 million on September 22nd.
• The stock price of Dell Technologies is currently down by 4.6%, and analysts have varied price targets with an average target price of $148.67 indicating potential growth.

Firethorn Wealth Partners LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,652 shares of the technology company's stock, valued at approximately $448,000.

A number of other institutional investors and hedge funds have also made changes to their positions in DELL. Brighton Jones LLC increased its position in shares of 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 buying an additional 901 shares in the last quarter. Merit Financial Group LLC increased its position in shares of Dell Technologies by 67.2% during the first quarter. Merit Financial Group LLC now owns 6,051 shares of the technology company's stock worth $552,000 after purchasing an additional 2,431 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of Dell Technologies by 48.4% during the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,533 shares of the technology company's stock worth $140,000 after purchasing an additional 500 shares in the last quarter. Generali Investments Management Co LLC increased its position in shares of Dell Technologies by 28.4% during the first quarter. Generali Investments Management Co LLC now owns 1,414 shares of the technology company's stock worth $129,000 after purchasing an additional 313 shares in the last quarter. Finally, Intellectus Partners LLC increased its position in shares of Dell Technologies by 4.1% during the first quarter. Intellectus Partners LLC now owns 8,334 shares of the technology company's stock worth $760,000 after purchasing an additional 328 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company'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 document filed with the SEC, which is available at the SEC website. Also, Director William D. Green sold 65,000 shares of the stock in a transaction dated Thursday, October 2nd. The stock was sold at an average price of $150.50, for a total value of $9,782,500.00. Following the transaction, the director directly owned 47,619 shares in the company, valued at approximately $7,166,659.50. The trade was a 57.72% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 3,781,682 shares of company stock valued at $505,183,267 in the last quarter. Insiders own 42.00% of the company's stock.

Dell Technologies Stock Down 4.6%

Shares of Dell Technologies stock opened at $140.64 on Friday. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $152.10. The business's fifty day simple moving average is $131.84 and its 200-day simple moving average is $115.05. The firm has a market cap of $94.56 billion, a PE ratio of 20.68, a price-to-earnings-growth ratio of 0.96 and a beta of 1.05.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $29.14 billion. During the same quarter in the prior year, the company posted $1.89 EPS. The company's quarterly revenue was up 19.0% on a year-over-year basis. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. As a group, equities analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio is 30.88%.

Analysts Set New Price Targets

Several analysts recently commented on DELL shares. Daiwa Capital Markets boosted their price target on Dell Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Bank of America boosted their price target on Dell Technologies from $167.00 to $170.00 and gave the stock a "buy" rating in a research report on Wednesday. Sanford C. Bernstein assumed coverage on Dell Technologies in a report on Monday, September 15th. They issued an "outperform" rating and a $175.00 target price for the company. Fox Advisors cut Dell Technologies from an "overweight" rating to an "equal weight" rating in a report on Friday, August 29th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Dell Technologies in a report on Saturday, September 27th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $148.67.

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).

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