Hennessy Advisors Inc. Sells 76,300 Shares of Dell Technologies Inc. $DELL

Key Points

• Hennessy Advisors Inc. significantly reduced its holdings in Dell Technologies by 76% in the second quarter, leaving them with 24,100 shares valued at approximately $2.95 million.
• Dell Technologies' stock recently experienced a 4.6% decline, following a quarterly earnings report that exceeded expectations with an EPS of $2.32 and revenue of $29.78 billion.
• The company announced a quarterly dividend of $0.525 per share, set to be paid on October 31st, reflecting an annual yield of 1.5%.

Hennessy Advisors Inc. lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 76.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,100 shares of the technology company's stock after selling 76,300 shares during the quarter. Hennessy Advisors Inc.'s holdings in Dell Technologies were worth $2,955,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Central Pacific Bank Trust Division acquired a new stake in shares of Dell Technologies in the 2nd quarter worth about $29,000. Smallwood Wealth Investment Management LLC bought a new stake in Dell Technologies during the 1st quarter worth approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dell Technologies in the first quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new stake in shares of Dell Technologies in the first quarter worth approximately $27,000. Finally, Flaharty Asset Management LLC bought a new position in shares of Dell Technologies in the first quarter valued at approximately $27,000. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Down 4.6%

DELL opened at $140.64 on Friday. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $152.10. The company's 50-day moving average price is $131.84 and its two-hundred day moving average price is $115.05. The stock has a market cap of $94.56 billion, a price-to-earnings ratio of 20.68, a PEG ratio of 0.96 and a beta of 1.05.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.03. The company had revenue of $29.78 billion during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter 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. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed 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 1.5%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's payout ratio is currently 30.88%.

Insider Buying and Selling at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 2,220 shares of the firm's stock in a transaction that occurred on Thursday, October 2nd. The shares were sold at an average price of $146.07, for a total value of $324,275.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Lynn Vojvodich Radakovich sold 725 shares of Dell Technologies stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $126.39, for a total transaction of $91,632.75. Following the completion of the transaction, the director owned 23,680 shares of the company's stock, valued at $2,992,915.20. This represents a 2.97% 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 in the last three months. 42.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

DELL has been the subject of a number of analyst reports. Citigroup increased their price target on Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Sanford C. Bernstein assumed coverage on shares of Dell Technologies in a report on Monday, September 15th. They issued an "outperform" rating and a $175.00 target price for the company. Daiwa Capital Markets boosted their price target on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a report on Thursday, September 11th. Finally, Barclays increased their price objective on shares of Dell Technologies from $131.00 to $133.00 and gave the company an "equal weight" rating in a research note on Wednesday, September 17th. Sixteen analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company's stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and an average price target 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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