Dell Technologies Inc. $DELL is Grand Alliance Asset Management Ltd's Largest Position

Key Points

• Grand Alliance Asset Management Ltd has reduced its stake in Dell Technologies by 29.7%, maintaining Dell as its biggest holding at 211,000 shares valued at approximately $19.2 million.
• Several institutional investors, including Titleist Asset Management and Canada Pension Plan Investment Board, have increased their positions in Dell Technologies, with Canada Pension Plan boosting its stake by a significant 1,031.0%.
• Analysts have raised their price targets for Dell Technologies, with Barclays setting a target of $131 and Morgan Stanley increasing it to $144, indicating a favorable outlook for the stock.

Grand Alliance Asset Management Ltd cut its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 29.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 211,000 shares of the technology company's stock after selling 89,000 shares during the quarter. Dell Technologies comprises about 22.2% of Grand Alliance Asset Management Ltd's holdings, making the stock its largest position. Grand Alliance Asset Management Ltd's holdings in Dell Technologies were worth $19,233,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Titleist Asset Management LLC raised its stake in shares of Dell Technologies by 27.9% during the 1st quarter. Titleist Asset Management LLC now owns 20,031 shares of the technology company's stock valued at $1,826,000 after purchasing an additional 4,374 shares during the period. Baird Financial Group Inc. boosted its holdings in shares of Dell Technologies by 1.5% in the 1st quarter. Baird Financial Group Inc. now owns 117,307 shares of the technology company's stock worth $10,693,000 after purchasing an additional 1,679 shares in the last quarter. Vident Advisory LLC boosted its holdings in shares of Dell Technologies by 58.4% in the 1st quarter. Vident Advisory LLC now owns 22,159 shares of the technology company's stock worth $2,020,000 after purchasing an additional 8,169 shares in the last quarter. Evergreen Capital Management LLC boosted its holdings in shares of Dell Technologies by 26.9% in the 1st quarter. Evergreen Capital Management LLC now owns 132,006 shares of the technology company's stock worth $12,032,000 after purchasing an additional 27,942 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Dell Technologies by 1,031.0% during the 1st quarter. Canada Pension Plan Investment Board now owns 105,152 shares of the technology company's stock valued at $9,585,000 after acquiring an additional 95,855 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Insider Transactions at Dell Technologies

In other news, Director William D. Green sold 50,000 shares of Dell Technologies stock in a transaction dated Monday, August 11th. The stock was sold at an average price of $140.00, for a total value of $7,000,000.00. Following the sale, the director directly owned 45,045 shares of the company's stock, valued at approximately $6,306,300. The trade was a 52.61% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 6,086 shares of Dell Technologies stock in a transaction dated Thursday, July 17th. The stock was 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 $121,803,233.50. This trade represents a 0.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,918,898 shares of company stock valued at $1,576,038,056. 42.00% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently weighed in on DELL. The Goldman Sachs Group set a $140.00 target price on Dell Technologies and gave the company a "buy" rating in a report on Thursday. Morgan Stanley increased their price objective on Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Raymond James Financial increased their price objective on Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a report on Friday. Wells Fargo & Company increased their price objective on Dell Technologies from $150.00 to $160.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Bank of America increased their target price on Dell Technologies from $165.00 to $167.00 and gave the stock a "buy" rating in a research report on Friday. Fourteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $146.31.

Dell Technologies Stock Performance

Shares of DELL stock traded down $0.98 on Tuesday, reaching $121.17. The stock had a trading volume of 8,957,744 shares, compared to its average volume of 5,639,449. The stock has a market cap of $82.26 billion, a P/E ratio of 15.56, a price-to-earnings-growth ratio of 0.85 and a beta of 1.01. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66. The company has a 50 day simple moving average of $129.24 and a 200 day simple moving average of $110.56.

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

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's payout ratio is 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).