Panagora Asset Management Inc. Cuts Stake in Dell Technologies Inc. $DELL

Key Points

• Panagora Asset Management Inc. significantly reduced its position in Dell Technologies by 79.8%, holding 23,815 shares valued at $2.17 million after selling 93,992 shares.
• Corporate insider activity included CEO Michael S. Dell selling 10 million shares for over $1.22 billion, resulting in a 27.85% decrease in his ownership.
• Dell Technologies reported a 19% year-over-year revenue increase in its latest quarterly earnings, reaching $29.78 billion, and surpassed analysts' EPS estimates.

Panagora Asset Management Inc. lowered its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 79.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 23,815 shares of the technology company's stock after selling 93,992 shares during the quarter. Panagora Asset Management Inc.'s holdings in Dell Technologies were worth $2,171,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in DELL. Michael & Susan Dell Foundation purchased a new position in shares of Dell Technologies in the fourth quarter valued at approximately $265,052,000. Janus Henderson Group PLC lifted its position in shares of Dell Technologies by 160.5% in the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock valued at $348,814,000 after acquiring an additional 1,865,013 shares in the last quarter. Boston Partners lifted its position in shares of Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after acquiring an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after acquiring an additional 1,145,658 shares in the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after acquiring an additional 1,142,012 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity

In other Dell Technologies news, CAO Brunilda Rios sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.29, for a total transaction of $757,740.00. Following the completion of the sale, the chief accounting officer directly owned 18,948 shares of the company's stock, valued at $2,392,942.92. This represents a 24.05% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $127.56, for a total value of $76,536,000.00. Following the transaction, the director directly owned 980,295 shares of the company's stock, valued at approximately $125,046,430.20. This trade represents a 37.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,918,898 shares of company stock worth $1,576,038,056 over the last quarter. 42.00% of the stock is owned by insiders.

Dell Technologies Trading Down 1.4%

Shares of Dell Technologies stock traded down $1.72 on Friday, hitting $124.95. The stock had a trading volume of 6,407,651 shares, compared to its average volume of 5,904,127. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66. The stock has a market cap of $84.82 billion, a price-to-earnings ratio of 18.37, a P/E/G ratio of 0.86 and a beta of 1.01. The company's 50 day moving average price is $129.34 and its 200 day moving average price is $110.70.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its 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. 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 the consensus estimate of $29.14 billion. During the same period in the previous year, the business earned $1.89 EPS. The business'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. Analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be paid 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 yield of 1.7%. Dell Technologies's dividend payout ratio is currently 30.88%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on DELL. Barclays lifted their price objective on Dell Technologies from $123.00 to $131.00 and gave the stock an "equal weight" rating in a research report on Friday, August 29th. Morgan Stanley lifted their price objective on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Mizuho lifted their price objective on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Bank of America boosted their target price on Dell Technologies from $165.00 to $167.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. Finally, Wall Street Zen cut Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $146.31.

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).