Per Stirling Capital Management LLC. Buys 24,694 Shares of Dell Technologies Inc. $DELL

Key Points

• Per Stirling Capital Management LLC increased its stake in Dell Technologies Inc. by 1,054.8% during the first quarter, now holding 27,035 shares valued at approximately $2.46 million.
• Several institutional investors, including Cullen Frost Bankers Inc., also significantly boosted their positions in Dell, with institutional investors now owning 76.37% of the stock.
• JPMorgan Chase raised its target price on Dell's shares from $125 to $145, while analysts maintain a consensus rating of "Moderate Buy" with an average target price of $144.06.

Per Stirling Capital Management LLC. lifted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 1,054.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 27,035 shares of the technology company's stock after buying an additional 24,694 shares during the quarter. Per Stirling Capital Management LLC.'s holdings in Dell Technologies were worth $2,464,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in Dell Technologies by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after purchasing an additional 1,145,658 shares during the last quarter. Boston Partners increased 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 worth $466,418,000 after purchasing an additional 1,312,600 shares during the period. Deutsche Bank AG increased 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 worth $377,508,000 after purchasing an additional 1,142,012 shares during the period. Northern Trust Corp grew its position in Dell Technologies by 16.1% in the fourth quarter. Northern Trust Corp now owns 3,317,258 shares of the technology company's stock valued at $382,281,000 after acquiring an additional 460,483 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in 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 during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Morgan Stanley boosted their price target on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. UBS Group boosted their price target on Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday. The Goldman Sachs Group set a $140.00 target price on Dell Technologies and gave the stock a "buy" rating in a research report on Thursday. Finally, Bank of America upped their price target on Dell Technologies from $165.00 to $167.00 and gave the stock a "buy" rating in a report on Friday. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $146.31.

Dell Technologies Price Performance

Shares of NYSE DELL traded down $11.85 during trading on Friday, reaching $122.20. 24,308,936 shares of the stock traded hands, compared to its average volume of 4,835,604. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66. The company has a 50-day moving average of $129.15 and a 200-day moving average of $110.45. The stock has a market capitalization of $82.96 billion, a P/E ratio of 17.97, a price-to-earnings-growth ratio of 0.94 and a beta of 1.02.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. The business 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 251.39% and a net margin of 4.73%.The firm's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were given a dividend of $0.525 per share. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. Dell Technologies's dividend payout ratio is 30.88%.

Insider Activity

In other Dell Technologies news, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total value of $7,635,355.30. Following the completion of the sale, the general counsel owned 79,928 shares in the company, valued at approximately $8,697,764.96. This trade represents a 46.75% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.20, for a total value of $78,875,000.00. Following the sale, the director owned 960,050 shares in the company, valued at $121,158,310. This represents a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 12,989,063 shares of company stock worth $1,583,673,412. 42.00% of the stock is currently owned by 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).