Occidental Asset Management LLC Has $4.47 Million Stake in Dell Technologies Inc. $DELL

Key Points

• Occidental Asset Management LLC increased its stake in Dell Technologies by 8.8% in Q2, totaling 36,491 shares valued at approximately $4.47 million.
• CEO Michael S. Dell sold 10 million shares of the company for around $1.22 billion, significantly reducing his ownership by 27.85%.
• Wall Street forecasts a Moderate Buy rating for Dell, with analysts setting an average target price of $147.67 per share following recent earnings that surpassed expectations.

Occidental Asset Management LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 8.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 36,491 shares of the technology company's stock after acquiring an additional 2,941 shares during the period. Occidental Asset Management LLC's holdings in Dell Technologies were worth $4,474,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DELL. Brighton Jones LLC lifted its position in Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after acquiring an additional 901 shares during the last quarter. GTS Securities LLC lifted its position in Dell Technologies by 102.8% during the 4th quarter. GTS Securities LLC now owns 3,828 shares of the technology company's stock worth $441,000 after acquiring an additional 138,305 shares during the last quarter. Public Employees Retirement System of Ohio acquired a new position in Dell Technologies during the 4th quarter worth $13,622,000. Forum Financial Management LP lifted its position in Dell Technologies by 9.9% during the 4th quarter. Forum Financial Management LP now owns 2,477 shares of the technology company's stock worth $285,000 after acquiring an additional 224 shares during the last quarter. Finally, Mackenzie Financial Corp lifted its position in Dell Technologies by 17.7% during the 4th quarter. Mackenzie Financial Corp now owns 77,028 shares of the technology company's stock worth $8,877,000 after acquiring an additional 11,569 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were 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 in the company, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the company's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The disclosure for this sale can be found here. Insiders have sold a total of 12,679,811 shares of company stock valued at $1,566,623,756 over the last ninety days. Company insiders own 42.00% of the company's stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research analyst reports. Barclays upped their price objective on shares of Dell Technologies from $131.00 to $133.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 17th. Susquehanna reaffirmed a "neutral" rating and set a $125.00 price objective on shares of Dell Technologies in a research report on Wednesday, August 13th. Wall Street Zen raised shares of Dell Technologies from a "hold" rating to a "buy" rating in a research report on Saturday, September 13th. Bank of America upped their price objective on shares of Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a research report on Friday, August 29th. Finally, Wells Fargo & Company upped their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a research report on Friday, August 29th. Sixteen research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $147.67.

Dell Technologies Trading Up 2.7%

Shares of Dell Technologies stock opened at $135.47 on Tuesday. The stock has a market capitalization of $91.09 billion, a price-to-earnings ratio of 19.92, a P/E/G ratio of 0.90 and a beta of 1.01. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The firm's 50-day moving average price is $129.91 and its two-hundred day moving average price is $112.47.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The company had revenue of $29.78 billion for the quarter, compared to analyst estimates of $29.14 billion. During the same period in the prior year, the business earned $1.89 earnings per share. Dell Technologies's quarterly revenue was up 19.0% on a year-over-year basis. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. As a group, equities research analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently announced 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. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend 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).

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