Parsons Capital Management Inc. RI Has $2.32 Million Stock Holdings in Dell Technologies Inc. $DELL

Key Points

• Parsons Capital Management Inc. reduced its stake in Dell Technologies by 9.9% during the second quarter, holding shares worth approximately $2.32 million after selling 2,085 shares.
• Numerous hedge funds increased their positions in Dell Technologies, with Brighton Jones LLC raising its stake by 42.7% and Versant Capital Management increasing by 74.2% in the first quarter.
• Dell Technologies reported earnings of $2.32 per share for the last quarter, exceeding expectations, and has set a quarterly dividend of $0.525 per share, reflecting a 1.4% yield.

Parsons Capital Management Inc. RI trimmed its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,905 shares of the technology company's stock after selling 2,085 shares during the period. Parsons Capital Management Inc. RI's holdings in Dell Technologies were worth $2,318,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of DELL. Brighton Jones LLC raised its position in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares during the period. Versant Capital Management Inc raised its position in shares of Dell Technologies by 74.2% in the 1st quarter. Versant Capital Management Inc now owns 547 shares of the technology company's stock valued at $50,000 after acquiring an additional 233 shares during the period. Merit Financial Group LLC raised its position in shares of Dell Technologies by 67.2% in the 1st quarter. Merit Financial Group LLC now owns 6,051 shares of the technology company's stock valued at $552,000 after acquiring an additional 2,431 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of Dell Technologies by 48.4% in the 1st quarter. Thurston Springer Miller Herd & Titak Inc. now owns 1,533 shares of the technology company's stock valued at $140,000 after acquiring an additional 500 shares during the period. Finally, Generali Investments Management Co LLC raised its position in shares of Dell Technologies by 28.4% in the 1st quarter. Generali Investments Management Co LLC now owns 1,414 shares of the technology company's stock valued at $129,000 after acquiring an additional 313 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In related news, 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 value of $112,183,364.02. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director William D. Green sold 50,000 shares of the company's stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $140.00, for a total value of $7,000,000.00. Following the completion of the sale, the director owned 45,045 shares in the company, valued at $6,306,300. The trade was a 52.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,204,462 shares of company stock valued at $420,370,484. 42.00% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on DELL shares. Bank of America increased their price target on shares of Dell Technologies from $167.00 to $170.00 and gave the company a "buy" rating in a research report on Wednesday. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Sanford C. Bernstein began coverage on Dell Technologies in a research note on Monday, September 15th. They set an "outperform" rating and a $175.00 target price for the company. Citigroup increased their target price on Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Finally, KeyCorp began coverage on Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating for the company. Sixteen equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $148.67.

Dell Technologies Stock Down 1.6%

Dell Technologies stock opened at $147.28 on Friday. The stock has a market cap of $99.03 billion, a PE ratio of 21.66, a P/E/G ratio of 1.03 and a beta of 1.04. The business's 50-day moving average price is $131.65 and its two-hundred day moving average price is $114.63. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $152.10.

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 the consensus estimate of $2.29 by $0.03. The company had revenue of $29.78 billion for 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 quarterly revenue was up 19.0% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.4%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's payout ratio is 30.88%.

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).

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