Fred Alger Management LLC Boosts Stock Position in Dell Technologies Inc. $DELL

Key Points

• Fred Alger Management LLC increased its stake in Dell Technologies Inc. by 9.0% in the first quarter, now holding 44,760 shares valued at approximately $4.08 million.
• Dell Technologies reported Q2 earnings of $2.32 per share, exceeding analyst expectations, with a significant revenue increase of 19.0% year-over-year, amounting to $29.78 billion.
• The company is set to pay a quarterly dividend of $0.525 per share on October 31st, resulting in an annualized yield of 1.7%.

Fred Alger Management LLC raised its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 9.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 44,760 shares of the technology company's stock after buying an additional 3,706 shares during the period. Fred Alger Management LLC's holdings in Dell Technologies were worth $4,080,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Michael & Susan Dell Foundation purchased a new position in shares of Dell Technologies in the 4th quarter valued at about $265,052,000. Boston Partners increased its stake in shares of Dell Technologies by 34.4% in the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after purchasing an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after purchasing an additional 1,145,658 shares in the last quarter. Deutsche Bank AG boosted its holdings in Dell Technologies by 38.1% in the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after buying an additional 1,142,012 shares during the last quarter. Finally, Alkeon Capital Management LLC boosted its holdings in Dell Technologies by 41.4% in the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company's stock worth $289,657,000 after buying an additional 931,032 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Buying and Selling

In other Dell Technologies news, CAO Brunilda Rios sold 6,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total value of $757,740.00. Following the sale, the chief accounting officer owned 18,948 shares of the company's stock, valued at $2,392,942.92. The trade was a 24.05% 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, Director V (Gp) L.L.C. Slta sold 6,086 shares of the business's stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $123.50, for a total value of $751,621.00. Following the completion of the sale, the director directly owned 986,261 shares in the company, valued at approximately $121,803,233.50. The trade was a 0.61% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,618,897 shares of company stock valued at $1,428,008,024 over the last quarter. 42.00% of the stock is owned by corporate insiders.

Dell Technologies Stock Down 0.3%

Shares of Dell Technologies stock traded down $0.39 on Friday, hitting $124.98. 4,363,546 shares of the company were exchanged, compared to its average volume of 6,521,694. The stock has a market capitalization of $84.84 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.86 and a beta of 1.01. The company has a 50-day moving average price of $129.36 and a 200 day moving average price of $110.98. 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 issued its 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 for the quarter, compared to analysts' expectations of $29.14 billion. During the same period in the previous year, the firm posted $1.89 EPS. The business'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. Research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be given a $0.525 dividend. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a yield of 1.7%. Dell Technologies's payout ratio is presently 30.88%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on DELL shares. Bank of America lifted their price objective on Dell Technologies from $165.00 to $167.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Wells Fargo & Company lifted their price objective on Dell Technologies from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday, August 29th. Fox Advisors cut Dell Technologies from an "overweight" rating to an "equal weight" rating in a report on Friday, August 29th. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Finally, The Goldman Sachs Group set a $140.00 price objective on Dell Technologies and gave the stock a "buy" rating in a report on Thursday, August 28th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $146.31.

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).