Northern Trust Corp Reduces Stock Position in Dell Technologies Inc. $DELL

Key Points

• Northern Trust Corp reduced its holdings in Dell Technologies by 1.9%, selling 63,854 shares and owning a total of 3,253,404 shares valued at approximately $296.5 million.
• Multiple institutional investors, including Vanguard Group and Boston Partners, have increased their positions in Dell Technologies, indicating strong interest from major funds.
• The company recently announced a quarterly dividend of $0.525 per share, which corresponds to an annualized yield of 1.6% on a payout ratio of 33.49%.

Northern Trust Corp lowered its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 1.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,253,404 shares of the technology company's stock after selling 63,854 shares during the period. Northern Trust Corp owned approximately 0.47% of Dell Technologies worth $296,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in DELL. Exchange Traded Concepts LLC increased its holdings in Dell Technologies by 25.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after purchasing an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in Dell Technologies by 44.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after purchasing an additional 809 shares during the last quarter. Mather Group LLC. increased its holdings in Dell Technologies by 113.3% in the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after purchasing an additional 554 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in Dell Technologies by 54.6% in the 1st quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock valued at $402,000 after purchasing an additional 1,558 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Dell Technologies by 9.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock valued at $5,417,000 after purchasing an additional 4,977 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. Barclays boosted their price target on shares of Dell Technologies from $116.00 to $123.00 and gave the stock an "equal weight" rating in a research note on Friday, May 30th. TD Cowen boosted their price target on shares of Dell Technologies from $120.00 to $125.00 and gave the stock a "hold" rating in a research note on Friday, May 30th. Mizuho boosted their price target on shares of Dell Technologies from $140.00 to $145.00 and gave the stock an "outperform" rating in a report on Monday, May 19th. Finally, Raymond James Financial boosted their price target on shares of Dell Technologies from $144.00 to $150.00 and gave the stock an "outperform" rating in a 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 stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $144.06.

Insiders Place Their Bets

In other news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $127.56, for a total value of $76,536,000.00. Following the completion of the sale, the director directly owned 980,295 shares of the company's stock, valued at approximately $125,046,430.20. This represents a 37.97% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total transaction of $1,222,700,000.00. Following the transaction, the chief executive officer directly owned 25,912,241 shares of the company's stock, valued at $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 12,989,063 shares of company stock valued at $1,583,673,412. 42.00% of the stock is owned by insiders.

Dell Technologies Trading Up 0.5%

DELL stock traded up $0.6780 on Monday, hitting $131.5180. The company's stock had a trading volume of 2,184,147 shares, compared to its average volume of 7,045,806. The firm has a 50 day moving average of $127.76 and a two-hundred day moving average of $109.74. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $147.66. The stock has a market cap of $89.28 billion, a price-to-earnings ratio of 20.98, a price-to-earnings-growth ratio of 0.91 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS 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 during the quarter, compared to analysts' expectations of $23.17 billion. During the same period in the previous year, the company posted $1.27 earnings per share. Dell Technologies'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 analysts forecast 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 was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's dividend payout ratio is presently 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).