Hardy Reed LLC Makes New $329,000 Investment in Dell Technologies Inc. $DELL

Key Points

• Hardy Reed LLC invested $329,000 in Dell Technologies, acquiring 2,686 shares in the second quarter, highlighting a continued interest in the tech company amongst institutional investors.
• Analysts have shown optimism towards Dell, with **Morgan Stanley** raising its price target from $135 to $144, while **UBS Group** increased it from $145 to $155, indicating a favorable outlook for the stock.
• Director sales included **Iv (Gp) L.L.C. Slta selling** 824,999 shares for over $112 million, raising questions about insider confidence as insiders sold approximately $505 million in shares over the last quarter.

Hardy Reed LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 2,686 shares of the technology company's stock, valued at approximately $329,000.

A number of other hedge funds have also added to or reduced their stakes in DELL. Smallwood Wealth Investment Management LLC bought a new stake in Dell Technologies during the first quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Dell Technologies during the 1st quarter worth $26,000. Cheviot Value Management LLC bought a new stake in shares of Dell Technologies during the 1st quarter worth $27,000. Flaharty Asset Management LLC acquired a new stake in Dell Technologies in the first quarter valued at about $27,000. Finally, Cullen Frost Bankers Inc. grew its position in Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after acquiring an additional 222 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Cowen restated a "hold" rating on shares of Dell Technologies in a research note on Friday, August 29th. Weiss Ratings restated a "hold (c+)" rating on shares of Dell Technologies in a research report on Saturday, September 27th. Morgan Stanley upped their price target on shares of Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. KeyCorp initiated coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating on the stock. Finally, UBS Group increased their target price on Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Sixteen equities research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $148.67.

Insider Buying and Selling

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business's stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 sale, the director owned 47,619 shares of the company's stock, valued at approximately $7,166,659.50. The trade was a 57.72% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 3,781,682 shares of company stock valued at $505,183,267 over the last quarter. Insiders own 42.00% of the company's stock.

Dell Technologies Trading Up 3.6%

NYSE DELL opened at $145.83 on Tuesday. The firm has a market capitalization of $98.05 billion, a PE ratio of 21.45, a price-to-earnings-growth ratio of 0.96 and a beta of 1.05. The business's 50-day moving average price is $132.08 and its two-hundred day moving average price is $115.50. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $152.10.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data 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. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The company had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. During the same period last year, the company earned $1.89 earnings per share. The firm's revenue 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. As a group, analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies's dividend payout ratio is 30.88%.

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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