Ieq Capital LLC Sells 5,945 Shares of Dell Technologies Inc. $DELL

Key Points

• Ieq Capital LLC reduced its holdings in Dell Technologies shares by 48.9% in the first quarter, now owning 6,203 shares valued at $565,000.
• Several analysts have upgraded Dell Technologies' stock, with a consensus rating of "Moderate Buy" and a price target of $146.31.
• In recent insider activity, CAO Brunilda Rios sold 6,000 shares, while Director Iv (Gp) L.L.C. Slta sold 600,000 shares, indicating significant insider selling.

Ieq Capital LLC cut its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 48.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,203 shares of the technology company's stock after selling 5,945 shares during the quarter. Ieq Capital LLC's holdings in Dell Technologies were worth $565,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after buying an additional 1,145,658 shares in the last quarter. Boston Partners raised its position in shares of Dell Technologies by 34.4% during the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after purchasing an additional 1,312,600 shares during the last quarter. Deutsche Bank AG lifted its holdings in shares of 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 acquiring an additional 1,142,012 shares during the last quarter. Janus Henderson Group PLC raised its holdings in shares of Dell Technologies by 160.5% in the 4th quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after purchasing an additional 1,865,013 shares in the last quarter. Finally, Invesco Ltd. grew its position in Dell Technologies by 20.5% during the 1st quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company's stock worth $269,150,000 after purchasing an additional 502,764 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction on Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction on Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the sale, the insider directly owned 56,429 shares of the company's stock, valued at $6,682,322.18. This represents a 61.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,465,577 shares of company stock worth $1,523,910,674 in the last quarter. Company insiders own 42.00% of the company's stock.

Dell Technologies Stock Down 1.0%

Dell Technologies stock traded down $1.28 during midday trading on Monday, reaching $123.55. 2,916,311 shares of the stock traded hands, compared to its average volume of 7,115,659. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66. The stock has a market cap of $83.87 billion, a P/E ratio of 18.17, a PEG ratio of 0.86 and a beta of 1.01. The stock's fifty day moving average is $129.34 and its 200-day moving average is $110.63.

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 (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.03. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $29.78 billion during the quarter, compared to analysts' expectations of $29.14 billion. During the same quarter last year, the company posted $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. On average, equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

Wall Street Analyst Weigh In

DELL has been the subject of several analyst reports. Wells Fargo & Company upped their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Barclays increased their price target on Dell Technologies from $123.00 to $131.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Cowen reissued a "hold" rating on shares of Dell Technologies in a report on Friday, August 29th. Morgan Stanley upped their price target on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, TD Cowen raised their price target on shares of Dell Technologies from $125.00 to $130.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $146.31.

About Dell Technologies

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).