Dell Technologies Inc. $DELL Shares Bought by Kovitz Investment Group Partners LLC

Key Points

• Kovitz Investment Group Partners LLC increased its stake in Dell Technologies by 30.6%, owning 25,096 shares valued at approximately $2.29 million as of the most recent SEC filing.
• Several analysts have issued mixed ratings on Dell, with Bank of America raising its target price to $165 and maintaining a "buy" rating, while Wall Street Zen downgraded the stock from "buy" to "hold."
• Dell Technologies' recent quarterly earnings report indicated an EPS of $1.55, falling short of the consensus estimate, despite a 5.1% year-over-year revenue increase to $23.38 billion.

Kovitz Investment Group Partners LLC raised its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 30.6% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 25,096 shares of the technology company's stock after buying an additional 5,884 shares during the quarter. Kovitz Investment Group Partners LLC's holdings in Dell Technologies were worth $2,288,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Bellwether Advisors LLC purchased a new stake in Dell Technologies during the 4th quarter worth about $25,000. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies during the first quarter worth about $25,000. N.E.W. Advisory Services LLC acquired a new position in shares of Dell Technologies in the first quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new position in shares of Dell Technologies during the first quarter valued at approximately $27,000. Finally, Cullen Frost Bankers Inc. boosted its position in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after acquiring an additional 222 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Morgan Stanley increased their price target on Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a research note on Thursday. Raymond James Financial increased their target price on Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a research report on Friday, May 30th. KeyCorp assumed coverage on Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. Susquehanna reiterated a "neutral" rating and set a $125.00 price objective on shares of Dell Technologies in a report on Wednesday, August 13th. Finally, Barclays raised their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research report on Friday, May 30th. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $144.06.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the sale, the director owned 938,741 shares of the company's stock, valued at $105,918,147.03. This represents a 35.96% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the firm's stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of $108.82, for a total value of $7,635,355.30. Following the sale, the general counsel owned 79,928 shares in the company, valued at approximately $8,697,764.96. The trade was a 46.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,989,063 shares of company stock valued at $1,583,673,412 over the last 90 days. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $2.9670 during trading on Friday, reaching $130.7970. 2,378,299 shares of the stock were exchanged, compared to its average volume of 7,067,115. The firm's 50-day moving average price is $127.34 and its 200 day moving average price is $109.48. The firm has a market cap of $88.79 billion, a price-to-earnings ratio of 20.86, a price-to-earnings-growth ratio of 0.90 and a beta of 1.02. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing analysts' consensus estimates of $1.68 by ($0.13). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The business had revenue of $23.38 billion for the quarter, compared to analyst estimates of $23.17 billion. During the same period last year, the firm earned $1.27 earnings per share. The company's quarterly revenue was up 5.1% on a year-over-year basis. Dell Technologies has set its Q2 2026 guidance at 2.250-2.25 EPS. FY 2026 guidance at 9.400-9.40 EPS. As a group, equities research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were given a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

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).