Dell Technologies Inc. $DELL Stock Holdings Lessened by Rafferty Asset Management LLC

Key Points

• Rafferty Asset Management LLC reduced its stake in Dell Technologies Inc. by 18.2%, now holding 87,443 shares valued at approximately $7.97 million.
• Recent institutional investor activity includes new purchases by Bellwether Advisors and Smallwood Wealth Investment Management, indicating continued interest in Dell's stock.
• Analysts have mixed sentiments about Dell, with ratings ranging from "buy" to "hold," while the consensus target price is currently set at $144.06.

Rafferty Asset Management LLC trimmed its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 18.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 87,443 shares of the technology company's stock after selling 19,469 shares during the quarter. Rafferty Asset Management LLC's holdings in Dell Technologies were worth $7,970,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of DELL. Michael & Susan Dell Foundation purchased a new stake in Dell Technologies in the fourth quarter valued at approximately $265,052,000. Janus Henderson Group PLC grew its stake in Dell Technologies by 160.5% during the fourth quarter. Janus Henderson Group PLC now owns 3,027,066 shares of the technology company's stock worth $348,814,000 after buying an additional 1,865,013 shares during the period. Boston Partners grew its stake in Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after buying an additional 1,312,600 shares during the period. Vanguard Group Inc. grew its stake in Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after buying an additional 1,145,658 shares during the period. Finally, Deutsche Bank AG grew its stake in Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after buying an additional 1,142,012 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of DELL stock traded down $11.85 on Friday, hitting $122.20. The stock had a trading volume of 24,308,936 shares, compared to its average volume of 4,835,604. The firm has a market capitalization of $82.96 billion, a price-to-earnings ratio of 17.97, a P/E/G ratio of 0.85 and a beta of 1.02. The stock's 50 day moving average is $129.15 and its 200-day moving average is $110.43. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. The firm 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 251.39%. The firm's revenue was up 19.0% compared to the same quarter last year. During the same period 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. Equities analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

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

Insider Activity at Dell Technologies

In other news, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The shares were sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the transaction, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This trade represents a 27.85% 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 the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00. Following the completion of the transaction, the director owned 960,050 shares in the company, valued at approximately $121,158,310. The trade was a 39.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,989,063 shares of company stock worth $1,583,673,412 over the last 90 days. Company insiders own 42.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on DELL. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "overweight" rating in a research note on Friday. Evercore ISI boosted their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Wall Street Zen downgraded shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Raymond James Financial boosted their price objective on shares of Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday. Finally, UBS Group boosted their price objective on shares of Dell Technologies from $145.00 to $155.00 and gave the stock a "buy" rating in a research note on Friday. Fourteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and an average target price of $146.31.

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).