Dell Technologies Inc. $DELL Shares Bought by Pallas Capital Advisors LLC

Key Points

• Pallas Capital Advisors LLC increased its stake in Dell Technologies by 130.6%, now owning 17,680 shares worth approximately $2.17 million.
• Recent analyst ratings for Dell Technologies reflect a consensus of "Moderate Buy", with several analysts raising price targets following strong quarterly earnings results.
• Insider trading activity indicates significant sales with insiders selling a total of 12,128,392 shares valued at approximately $1.49 billion over the past quarter.

Pallas Capital Advisors LLC increased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 130.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 17,680 shares of the technology company's stock after buying an additional 10,012 shares during the quarter. Pallas Capital Advisors LLC's holdings in Dell Technologies were worth $2,168,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Smallwood Wealth Investment Management LLC purchased a new position in shares of Dell Technologies in the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $26,000. Cheviot Value Management LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $27,000. Flaharty Asset Management LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $27,000. Finally, Cullen Frost Bankers Inc. lifted its holdings in shares of Dell Technologies by 270.7% in the 1st 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. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock in a transaction on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn Vojvodich Radakovich sold 725 shares of the business's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $126.39, for a total value of $91,632.75. Following the sale, the director directly owned 23,680 shares of the company's stock, valued at approximately $2,992,915.20. This trade represents a 2.97% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,693,392 shares of company stock worth $1,568,257,000 in the last three months. Company insiders own 42.00% of the company's stock.

Dell Technologies Trading Up 0.1%

Shares of NYSE DELL traded up $0.09 during trading on Friday, reaching $132.20. The company had a trading volume of 9,044,942 shares, compared to its average volume of 6,862,990. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66. The stock has a market capitalization of $88.89 billion, a PE ratio of 19.44, a price-to-earnings-growth ratio of 0.91 and a beta of 1.01. The stock has a 50-day moving average price of $129.71 and a two-hundred day moving average price of $111.93.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. The company had revenue of $29.78 billion during the quarter, compared to analysts' expectations of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The business's revenue for the quarter was up 19.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $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. On average, sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.6%. Dell Technologies's payout ratio is currently 30.88%.

Analysts Set New Price Targets

Several analysts have recently commented on DELL shares. Citigroup raised their price target on Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a report on Monday, August 11th. The Goldman Sachs Group set a $140.00 price target on Dell Technologies and gave the company a "buy" rating in a report on Thursday, August 28th. Barclays raised their price target on Dell Technologies from $131.00 to $133.00 and gave the company an "equal weight" rating in a report on Wednesday. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Finally, Wells Fargo & Company raised their price target on Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Sixteen research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $147.67.

Dell Technologies 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).