Lineweaver Wealth Advisors LLC Increases Position in Dell Technologies Inc. $DELL

Key Points

• Lineweaver Wealth Advisors LLC increased its stake in Dell Technologies Inc. by 15.2%, owning a total of 17,723 shares valued at approximately $2.17 million as of its latest SEC filing.
• Dell reported a quarterly earnings per share of $2.32, exceeding analysts' estimates, with a revenue of $29.78 billion, a 19% increase compared to the previous year.
• The company declared a quarterly dividend of $0.525 per share, with an annualized yield of 1.6%, payable on October 31st, affecting stockholders of record by October 21st.

Lineweaver Wealth Advisors LLC grew its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 15.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,723 shares of the technology company's stock after buying an additional 2,342 shares during the period. Lineweaver Wealth Advisors LLC's holdings in Dell Technologies were worth $2,173,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Brighton Jones LLC grew its holdings in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after purchasing an additional 901 shares in the last quarter. Shell Asset Management Co. purchased a new position in shares of Dell Technologies during the 4th quarter worth about $113,000. Wexford Capital LP raised its stake in shares of Dell Technologies by 21.7% during the fourth quarter. Wexford Capital LP now owns 3,432 shares of the technology company's stock valued at $396,000 after purchasing an additional 612 shares during the period. Westwood Holdings Group Inc. grew its position in shares of Dell Technologies by 6.0% during the fourth quarter. Westwood Holdings Group Inc. now owns 40,556 shares of the technology company's stock worth $4,674,000 after buying an additional 2,289 shares in the last quarter. Finally, Visionary Wealth Advisors boosted its holdings in Dell Technologies by 39.9% in the fourth quarter. Visionary Wealth Advisors now owns 2,470 shares of the technology company's stock worth $285,000 after purchasing an additional 704 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the transaction, the director owned 960,050 shares in the company, valued at $121,158,310. The trade was a 39.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. The trade was a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 12,128,392 shares of company stock worth $1,493,496,200. Company insiders own 42.00% of the company's stock.

Dell Technologies Stock Up 0.1%

Shares of DELL stock traded up $0.09 during mid-day trading on Friday, reaching $132.20. 9,044,942 shares of the stock traded hands, compared to its average volume of 7,121,703. The stock's fifty day simple moving average is $129.71 and its two-hundred day simple moving average is $111.93. 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 $88.89 billion, a price-to-earnings ratio of 19.44, a price-to-earnings-growth ratio of 0.89 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of $29.78 billion during the quarter, compared to analysts' expectations of $29.14 billion. During the same period in the previous year, the business earned $1.89 earnings per share. The firm's quarterly 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 research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm 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 dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.6%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is currently 30.88%.

Analyst Upgrades and Downgrades

Several brokerages have commented on DELL. Susquehanna reiterated a "neutral" rating and issued a $125.00 price target on shares of Dell Technologies in a research report on Wednesday, August 13th. Sanford C. Bernstein initiated coverage on Dell Technologies in a report on Monday. They set an "outperform" rating and a $175.00 price target for the company. Bank of America upped their target price on Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Fox Advisors cut Dell Technologies from an "overweight" rating to an "equal weight" rating in a report on Friday, August 29th. Finally, Daiwa Capital Markets raised their price target on Dell Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a research report on Thursday, September 11th. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $147.67.

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).