Ilmarinen Mutual Pension Insurance Co Decreases Holdings in Dell Technologies Inc. $DELL

Key Points

• Ilmarinen Mutual Pension Insurance Co reduced its holdings in Dell Technologies Inc. by 60%, now owning 50,000 shares valued at $4.56 million after selling 75,000 shares.
• Dell Technologies reported a quarterly earnings per share (EPS) of $2.32, exceeding analysts' expectations, with a revenue increase of 19% year-over-year.
• The company will pay a quarterly dividend of $0.525 on October 31st, representing an annualized yield of 1.7% and a payout ratio of 30.88%.

Ilmarinen Mutual Pension Insurance Co lowered its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 60.0% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 50,000 shares of the technology company's stock after selling 75,000 shares during the quarter. Ilmarinen Mutual Pension Insurance Co's holdings in Dell Technologies were worth $4,558,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new position in Dell Technologies in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Dell Technologies in the 1st quarter valued at $26,000. Cheviot Value Management LLC purchased a new position in shares of Dell Technologies in the 1st quarter valued at $27,000. Cullen Frost Bankers Inc. raised its stake in Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after acquiring an additional 222 shares in the last quarter. Finally, Crowley Wealth Management Inc. lifted its position in Dell Technologies by 86.2% in the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after acquiring an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $124.32 on Thursday. The stock has a fifty day moving average price of $129.35 and a 200 day moving average price of $110.84. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The company has a market cap of $84.39 billion, a PE ratio of 18.28, a P/E/G ratio of 0.83 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. The company had revenue of $29.78 billion during 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 quarter in the prior year, the firm earned $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. Analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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%.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 173,100 shares of the company's stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $126.01, for a total transaction of $21,812,331.00. Following the transaction, the director owned 980,295 shares of the company's stock, valued at $123,526,972.95. This represents a 15.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total value of $78,875,000.00. Following the completion of the transaction, the director owned 960,050 shares of the company's stock, valued at $121,158,310. The trade was a 39.43% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 11,618,897 shares of company stock worth $1,428,008,024 in the last three months. 42.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. KeyCorp started coverage on Dell Technologies in a report on Thursday, June 26th. They set a "sector weight" rating on the stock. Mizuho boosted their price objective on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Wells Fargo & Company raised their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "overweight" rating in a research report on Friday, August 29th. The Goldman Sachs Group set a $140.00 target price on shares of Dell Technologies and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Evercore ISI increased their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $146.31.

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).

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