Dell Technologies Inc. $DELL Shares Acquired by Nitorum Capital L.P.

Key Points

• Nitorum Capital L.P. increased its stake in Dell Technologies by 6.1% in Q1, now holding approximately $20.32 million worth of shares, which makes it the firm's 16th largest position.
• Significant insider selling occurred, with CEO Michael S. Dell selling 10 million shares for about $1.22 billion, reflecting a decrease of 27.85% in his stake.
• Dell Technologies reported a Q2 EPS of $2.32, surpassing analyst expectations, and has set guidance for Q3 2026 at $2.450 EPS.

Nitorum Capital L.P. lifted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 6.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 222,896 shares of the technology company's stock after purchasing an additional 12,876 shares during the quarter. Dell Technologies accounts for approximately 2.9% of Nitorum Capital L.P.'s portfolio, making the stock its 16th largest holding. Nitorum Capital L.P.'s holdings in Dell Technologies were worth $20,317,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies during the first quarter valued at $25,000. N.E.W. Advisory Services LLC acquired a new stake in Dell Technologies during the first quarter valued at $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies during the first quarter valued at $27,000. Cullen Frost Bankers Inc. grew 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 valued at $28,000 after buying an additional 222 shares during the period. Finally, Crowley Wealth Management Inc. grew its stake in Dell Technologies by 86.2% in the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DELL shares. Evercore ISI lifted their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a research note on Friday, August 15th. Morgan Stanley lifted their price target on shares of Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Bank of America lifted their price target on shares of Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Barclays lifted their target price on shares of Dell Technologies from $123.00 to $131.00 and gave the stock an "equal weight" rating in a research note on Friday, August 29th. Finally, Citigroup lifted their target price on shares of Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Fourteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $146.31.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 527,187 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the sale, the director directly owned 938,741 shares of the company's stock, valued at approximately $105,918,147.03. The trade was a 35.96% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the sale, the insider directly owned 56,429 shares in the company, valued at $6,682,322.18. This trade represents a 61.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 12,918,898 shares of company stock valued at $1,576,038,056 over the last three months. Company insiders own 42.00% of the company's stock.

Dell Technologies Stock Performance

Shares of DELL stock traded down $1.72 on Friday, hitting $124.95. 6,407,651 shares of the stock traded hands, compared to its average volume of 5,951,851. The firm's 50-day moving average price is $129.34 and its two-hundred day moving average price is $110.63. The stock has a market capitalization of $84.82 billion, a PE ratio of 18.37, a PEG ratio of 0.86 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 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. The firm had revenue of $29.78 billion for the quarter, compared to analysts' expectations of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The company's revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.89 EPS. 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 company also recently declared 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 of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. Dell Technologies's payout ratio is presently 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).