KLP Kapitalforvaltning AS lifted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 5.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 119,700 shares of the technology company's stock after acquiring an additional 5,700 shares during the period. KLP Kapitalforvaltning AS's holdings in Dell Technologies were worth $14,675,000 at the end of the most recent reporting period.
A number of other large investors have also recently made changes to their positions in DELL. Smallwood Wealth Investment Management LLC bought a new position in shares of Dell Technologies in the first quarter worth $25,000. N.E.W. Advisory Services LLC bought a new position in shares of Dell Technologies in the first quarter worth $26,000. Cheviot Value Management LLC bought a new stake in Dell Technologies during the first quarter valued at $27,000. Flaharty Asset Management LLC bought a new stake in Dell Technologies during the first quarter valued at $27,000. Finally, Cullen Frost Bankers Inc. boosted its stake in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after buying an additional 222 shares during the period. 76.37% of the stock is owned by institutional investors.
Insider Transactions at Dell Technologies
In other news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the business's stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $154.21, for a total value of $2,969,467.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director William D. Green sold 65,000 shares of the business's stock in a transaction dated Thursday, October 2nd. The shares were sold at an average price of $150.50, for a total value of $9,782,500.00. Following the completion of the sale, the director directly owned 47,619 shares of the company's stock, valued at approximately $7,166,659.50. This trade represents a 57.72% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 4,191,683 shares of company stock valued at $578,511,613. 42.00% of the stock is currently owned by corporate insiders.
Analysts Set New Price Targets
Several research firms recently issued reports on DELL. Barclays lifted their price objective on Dell Technologies from $133.00 to $151.00 and gave the company an "equal weight" rating in a research note on Wednesday. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Sanford C. Bernstein lifted their price objective on Dell Technologies from $175.00 to $180.00 and gave the company an "outperform" rating in a research note on Wednesday. Bank of America lifted their price objective on Dell Technologies from $167.00 to $170.00 and gave the company a "buy" rating in a research note on Wednesday, October 1st. Finally, Cowen reissued a "hold" rating on shares of Dell Technologies in a research note on Friday, August 29th. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $157.22.
View Our Latest Analysis on Dell Technologies
Dell Technologies Stock Up 9.0%
NYSE DELL opened at $164.51 on Thursday. The stock's 50-day simple moving average is $133.05 and its two-hundred day simple moving average is $116.08. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $166.10. The company has a market capitalization of $110.61 billion, a price-to-earnings ratio of 24.19, a PEG ratio of 1.03 and a beta of 1.05.
Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating 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 business had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. During the same quarter last year, the business posted $1.89 earnings per share. The company's revenue for the quarter 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. On average, equities analysts expect that Dell Technologies Inc. will post 6.93 earnings per share 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. Stockholders 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 dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's payout ratio is 30.88%.
Dell Technologies Profile
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Free Report)
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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