New Century Financial Group LLC Makes New Investment in Dell Technologies Inc. $DELL

Key Points

• New Century Financial Group LLC has made a new investment in Dell Technologies Inc., purchasing 9,760 shares valued at approximately $1,197,000, which represents about 1.4% of their portfolio.
• Recent insider transactions saw significant sales, including 565,000 shares sold on September 18th for over $74 million and 824,999 shares on September 22nd for about $112 million.
• Analysts have set optimistic price targets for Dell Technologies, with upgrades from several firms, including an increase from $125 to $145 by JPMorgan and a new target of $160 set by Evercore ISI.

New Century Financial Group LLC purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 9,760 shares of the technology company's stock, valued at approximately $1,197,000. Dell Technologies accounts for approximately 1.4% of New Century Financial Group LLC's investment portfolio, making the stock its 25th biggest position.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Cary Street Partners Financial LLC lifted its position in shares of Dell Technologies by 2.7% during the 1st quarter. Cary Street Partners Financial LLC now owns 4,335 shares of the technology company's stock valued at $395,000 after acquiring an additional 116 shares during the period. OneAscent Financial Services LLC increased its stake in Dell Technologies by 3.4% in the 1st quarter. OneAscent Financial Services LLC now owns 3,778 shares of the technology company's stock valued at $345,000 after purchasing an additional 125 shares in the last quarter. MRP Capital Investments LLC raised its holdings in Dell Technologies by 0.8% during the first quarter. MRP Capital Investments LLC now owns 14,975 shares of the technology company's stock worth $1,365,000 after purchasing an additional 125 shares during the last quarter. Cantor Fitzgerald Investment Advisors L.P. boosted its position in Dell Technologies by 1.2% during the second quarter. Cantor Fitzgerald Investment Advisors L.P. now owns 10,762 shares of the technology company's stock worth $1,319,000 after purchasing an additional 125 shares in the last quarter. Finally, V Square Quantitative Management LLC grew its holdings in Dell Technologies by 5.5% in the second quarter. V Square Quantitative Management LLC now owns 2,460 shares of the technology company's stock valued at $302,000 after purchasing an additional 128 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insiders Place Their Bets

In related news, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction on Thursday, September 18th. The shares were sold at an average price of $132.32, for a total value of $74,760,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the business's stock in a transaction dated Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The disclosure for this sale can be found here. Insiders have sold 3,204,462 shares of company stock worth $420,370,484 in the last quarter. 42.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

DELL has been the topic of a number of research reports. JPMorgan Chase & Co. increased their price objective on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Morgan Stanley upped their target price on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Barclays upped their price objective on Dell Technologies from $131.00 to $133.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 17th. Finally, Evercore ISI lifted their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $148.67.

Dell Technologies Trading Down 1.6%

Shares of DELL stock opened at $147.28 on Friday. The company's fifty day simple moving average is $131.65 and its 200-day simple moving average is $114.63. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $152.10. The company has a market cap of $99.03 billion, a PE ratio of 21.66, a P/E/G ratio of 1.03 and a beta of 1.04.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.03. The company 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 company's revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $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. Equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company 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. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. Dell Technologies's dividend payout ratio is 30.88%.

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).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.