Park Avenue Securities LLC Invests $601,000 in Dell Technologies Inc. $DELL

Key Points

• Park Avenue Securities LLC invested approximately $601,000 in Dell Technologies by acquiring 4,900 shares in the second quarter.
• Insider selling has been significant, with company insiders selling over $418 million worth of stock in the last ninety days.
• Multiple brokerages, including Morgan Stanley and Bank of America, have raised their price targets on Dell Technologies, reflecting a positive outlook with many analysts rating it a "Buy."

Park Avenue Securities LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 4,900 shares of the technology company's stock, valued at approximately $601,000.

Several other institutional investors have also modified their holdings of DELL. Central Pacific Bank Trust Division acquired a new stake in Dell Technologies during the 2nd quarter worth $29,000. Smallwood Wealth Investment Management LLC acquired a new stake in Dell Technologies during the 1st quarter worth $25,000. N.E.W. Advisory Services LLC acquired a new stake in Dell Technologies during the 1st quarter worth $26,000. Cheviot Value Management LLC acquired a new stake in Dell Technologies during the 1st quarter worth $27,000. Finally, Flaharty Asset Management LLC acquired a new stake in Dell Technologies during the 1st quarter worth $27,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In related news, 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 shares were sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the company's stock in a transaction that occurred on Monday, September 22nd. The stock was sold at an average price of $135.98, for a total transaction of $112,183,364.02. The disclosure for this sale can be found here. Insiders sold 3,191,981 shares of company stock worth $418,740,215 over the last ninety days. 42.00% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on DELL. Morgan Stanley lifted their price target on shares of Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a research note on Thursday, August 21st. Bank of America lifted their price target on shares of Dell Technologies from $165.00 to $167.00 and gave the stock a "buy" rating in a research note on Friday, August 29th. UBS Group lifted their price objective on shares of Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Sixteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $147.67.

Dell Technologies Stock Down 0.1%

Shares of NYSE:DELL opened at $130.79 on Monday. The company has a market cap of $87.94 billion, a price-to-earnings ratio of 19.23, a PEG ratio of 0.90 and a beta of 1.01. The firm's 50-day simple moving average is $130.39 and its 200-day simple moving average is $113.58. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last issued 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. The business had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The business's quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $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, research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be issued a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio is 30.88%.

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).

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