Dell Technologies Inc. $DELL Shares Bought by M & L Capital Management Ltd

Key Points

• M & L Capital Management Ltd has increased its stake in Dell Technologies Inc. by 67.6% during the second quarter, bringing its total ownership to 86,800 shares valued at approximately $10.64 million.
• Dell Technologies reported earnings of $2.32 per share for the last quarter, exceeding analysts' expectations of $2.29, with a revenue increase of 19.0% year-over-year.
• The company announced a quarterly dividend of $0.525 per share, with an ex-dividend date of October 21st, resulting in an annualized yield of 1.7%.

M & L Capital Management Ltd increased its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 67.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 86,800 shares of the technology company's stock after purchasing an additional 35,000 shares during the period. Dell Technologies accounts for 2.4% of M & L Capital Management Ltd's investment portfolio, making the stock its 10th biggest position. M & L Capital Management Ltd's holdings in Dell Technologies were worth $10,642,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. Boston Partners boosted its holdings in Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after acquiring an additional 1,312,600 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after acquiring an additional 1,145,658 shares during the last quarter. Deutsche Bank AG boosted its holdings in Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after acquiring an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC lifted its stake in shares of Dell Technologies by 41.4% during the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company's stock worth $289,657,000 after purchasing an additional 931,032 shares in the last quarter. Finally, Auto Owners Insurance Co lifted its stake in shares of Dell Technologies by 18,732.9% in the first quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company's stock worth $71,188,000 after acquiring an additional 776,853 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Fox Advisors lowered Dell Technologies from an "overweight" rating to an "equal weight" rating in a report on Friday, August 29th. KeyCorp assumed coverage on Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating for the company. UBS Group boosted their price objective on Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a report on Friday, August 29th. The Goldman Sachs Group set a $140.00 price objective on Dell Technologies and gave the company a "buy" rating in a report on Thursday, August 28th. Finally, Wells Fargo & Company upped their target price on Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Sixteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $147.67.

Dell Technologies Price Performance

Shares of NYSE DELL traded up $0.84 during midday trading on Friday, hitting $132.95. 2,081,181 shares of the company's stock were exchanged, compared to its average volume of 7,081,735. The stock's 50 day moving average price is $129.61 and its 200-day moving average price is $111.67. The firm has a market cap of $89.39 billion, a P/E ratio of 19.56, a PEG ratio of 0.89 and a beta of 1.01. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.29 by $0.03. The business had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The business's revenue was up 19.0% on a year-over-year basis. During the same period in the previous year, the firm posted $1.89 earnings per share. 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, analysts expect that Dell Technologies Inc. will post 6.93 EPS 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. Stockholders of record on Tuesday, October 21st will be given a dividend of $0.525 per share. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. Dell Technologies's payout ratio is currently 30.88%.

Insider Buying and Selling at Dell Technologies

In other 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 directly owned 960,050 shares in the company, valued at approximately $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 SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 173,100 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $126.01, for a total value of $21,812,331.00. Following the completion of the sale, the director owned 980,295 shares of the company's stock, valued at $123,526,972.95. This trade represents a 15.01% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 12,128,392 shares of company stock valued at $1,493,496,200. 42.00% of the stock is currently owned by insiders.

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).