Gateway Investment Advisers LLC Boosts Holdings in Dell Technologies Inc. $DELL

Key Points

• Gateway Investment Advisers LLC increased its holdings in Dell Technologies by 27% during Q2, owning 80,471 shares worth approximately $9.87 million.
• Dell Technologies reported $2.32 EPS for Q2, surpassing analysts' expectations and reflecting a 19% increase in revenue year-over-year at $29.78 billion.
• The company announced a quarterly dividend of $0.525 per share, indicating a 1.6% dividend yield, with the payment set for October 31.

Gateway Investment Advisers LLC boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 27.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 80,471 shares of the technology company's stock after buying an additional 17,122 shares during the quarter. Gateway Investment Advisers LLC's holdings in Dell Technologies were worth $9,866,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in DELL. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies during the first quarter valued at about $25,000. N.E.W. Advisory Services LLC bought a new position in Dell Technologies during the first quarter valued at about $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies during the first quarter valued at about $27,000. Flaharty Asset Management LLC bought a new position in Dell Technologies during the first quarter valued at about $27,000. Finally, Cullen Frost Bankers Inc. grew its position in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after buying an additional 222 shares during the period. Institutional investors own 76.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. UBS Group increased their target price on shares of Dell Technologies from $145.00 to $155.00 and gave the stock a "buy" rating in a research report on Friday, August 29th. Morgan Stanley increased their target price on shares of Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. 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 research report on Friday, August 29th. Raymond James Financial increased their target price on shares of Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.67.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director William D. Green sold 50,000 shares of Dell Technologies stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $140.00, for a total transaction of $7,000,000.00. Following the transaction, the director directly owned 45,045 shares of the company's stock, valued at approximately $6,306,300. This trade represents a 52.61% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of Dell Technologies stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $127.00, for a total transaction of $76,200,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 12,693,392 shares of company stock valued at $1,568,257,000. Company insiders own 42.00% of the company's stock.

Dell Technologies Stock Performance

DELL traded up $0.09 on Friday, reaching $132.20. The company had a trading volume of 9,044,942 shares, compared to its average volume of 6,862,990. The business has a 50 day simple moving average of $129.71 and a 200 day simple moving average of $111.93. The company has a market cap of $88.89 billion, a price-to-earnings ratio of 19.44, a P/E/G ratio of 0.91 and a beta of 1.01. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66.

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

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.

Dell Technologies Company 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).