IronOak Wealth LLC. Makes New Investment in Dell Technologies Inc. $DELL

Key Points

• IronOak Wealth LLC has invested approximately $1.70 million in Dell Technologies Inc., acquiring 13,857 shares, making it the firm's 27th largest position.
• Several brokerages have raised their price targets on Dell Technologies, with Wells Fargo increasing its target from $150 to $160 and Citigroup from $135 to $160, reflecting a strong market outlook.
• Dell Technologies recently reported $2.32 earnings per share for the last quarter, exceeding analyst expectations and showing a year-over-year revenue increase of 19.0%.

IronOak Wealth LLC. purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 13,857 shares of the technology company's stock, valued at approximately $1,699,000. Dell Technologies makes up about 1.7% of IronOak Wealth LLC.'s investment portfolio, making the stock its 27th largest holding.

A number of other institutional investors have also modified their holdings of DELL. Central Pacific Bank Trust Division acquired a new position in Dell Technologies during the 2nd quarter worth about $29,000. Smallwood Wealth Investment Management LLC acquired a new stake in shares of Dell Technologies during the first quarter worth about $25,000. N.E.W. Advisory Services LLC purchased a new position in shares of Dell Technologies in the first quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new position in shares of Dell Technologies in the first quarter valued at approximately $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in Dell Technologies during the 1st quarter worth approximately $27,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have commented on DELL. Susquehanna restated a "neutral" rating and issued a $125.00 price target on shares of Dell Technologies in a research note on Wednesday, August 13th. JPMorgan Chase & Co. increased their price target on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research report on Thursday, July 17th. Evercore ISI boosted their price objective on Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a research report on Friday, August 15th. Barclays lifted their price target on shares of Dell Technologies from $131.00 to $133.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 17th. Finally, 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 price objective on the stock. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $147.67.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Lynn Vojvodich Radakovich sold 725 shares of the business's stock in a transaction 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 directly owned 23,680 shares in the company, 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 have sold 12,693,392 shares of company stock worth $1,568,257,000 over the last three months. 42.00% of the stock is owned by company insiders.

Dell Technologies Trading Up 2.7%

DELL stock traded up $3.53 on Monday, hitting $135.47. The company's stock had a trading volume of 10,249,765 shares, compared to its average volume of 7,126,291. The stock has a market cap of $91.09 billion, a price-to-earnings ratio of 19.92, a price-to-earnings-growth ratio of 0.90 and a beta of 1.01. The firm has a 50 day moving average of $129.91 and a two-hundred day moving average of $112.47. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $29.78 billion for the quarter, compared to analyst estimates of $29.14 billion. During the same period in the previous year, the business posted $1.89 earnings per share. Dell Technologies's quarterly revenue was up 19.0% on a year-over-year basis. 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, equities analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) 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).