OMERS ADMINISTRATION Corp Sells 12,300 Shares of Dell Technologies Inc. $DELL

Key Points

• OMERS ADMINISTRATION Corp has reduced its stake in Dell Technologies by 54.2%, selling 12,300 shares to own a total of 10,376 shares, valued at approximately $946,000.
• Several institutional investors increased their holdings in Dell Technologies, with Ameriprise Financial raising its position by 224.4% during the fourth quarter.
• Dell Technologies exceeded analysts' expectations with quarterly earnings of $2.32 per share, driven by a revenue increase of 19.0% year-over-year, totaling $29.78 billion.

OMERS ADMINISTRATION Corp trimmed its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 54.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,376 shares of the technology company's stock after selling 12,300 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in Dell Technologies were worth $946,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in DELL. Wealth Preservation Advisors LLC purchased a new position in Dell Technologies during the first quarter worth about $97,000. Delta Investment Management LLC purchased a new position in Dell Technologies during the first quarter worth about $366,000. CreativeOne Wealth LLC grew its position in Dell Technologies by 36.0% during the first quarter. CreativeOne Wealth LLC now owns 2,382 shares of the technology company's stock worth $217,000 after buying an additional 631 shares in the last quarter. Quadcap Wealth Management LLC purchased a new position in Dell Technologies during the first quarter worth about $451,000. Finally, Zuckerman Investment Group LLC purchased a new position in Dell Technologies during the first quarter worth about $912,000. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Price Performance

DELL traded up $2.67 during midday trading on Thursday, reaching $126.69. 7,048,283 shares of the company's stock traded hands, compared to its average volume of 7,145,831. The firm has a fifty day moving average of $129.31 and a two-hundred day moving average of $110.65. The stock has a market capitalization of $86.00 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 0.85 and a beta of 1.01. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66.

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

Dell Technologies Announces Dividend

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 given a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. Dell Technologies's dividend payout ratio is currently 30.88%.

Analyst Ratings Changes

Several research firms recently commented on DELL. KeyCorp started coverage on Dell Technologies in a research report on Thursday, June 26th. They set a "sector weight" rating for the company. Evercore ISI upped their price objective on Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Susquehanna reiterated a "neutral" rating and issued a $125.00 price objective on shares of Dell Technologies in a report on Wednesday, August 13th. TD Cowen upped their price objective on Dell Technologies from $125.00 to $130.00 and gave the stock a "hold" rating in a report on Friday, August 29th. Finally, UBS Group upped their price objective on Dell Technologies from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $146.31.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director William D. Green sold 50,000 shares of the stock in a transaction on Monday, August 11th. The stock was sold at an average price of $140.00, for a total transaction of $7,000,000.00. Following the sale, the director directly owned 45,045 shares in the company, valued at approximately $6,306,300. This trade represents a 52.61% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction on Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the completion of the transaction, the chief executive officer owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This trade represents a 27.85% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,918,898 shares of company stock worth $1,576,038,056 over the last quarter. 42.00% of the stock is currently owned by company insiders.

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).