Resona Asset Management Co. Ltd. Purchases 7,587 Shares of Dell Technologies Inc. $DELL

Key Points

• Resona Asset Management Co. Ltd. increased its stake in Dell Technologies by 8.2%, acquiring an additional 7,587 shares, bringing its total holdings to 99,726 shares valued at approximately $9.1 million.
• Dell Technologies reported earnings of $1.55 per share for the last quarter, missing analysts' consensus of $1.68, despite generating revenue of $23.38 billion.
• The company declared a quarterly dividend of $0.525 per share, resulting in an annualized dividend yield of 1.5% and a payout ratio of 33.49%.

Resona Asset Management Co. Ltd. grew its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 8.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 99,726 shares of the technology company's stock after purchasing an additional 7,587 shares during the period. Resona Asset Management Co. Ltd.'s holdings in Dell Technologies were worth $9,107,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bulltick Wealth Management LLC grew its holdings in Dell Technologies by 98.6% during the 1st quarter. Bulltick Wealth Management LLC now owns 82,008 shares of the technology company's stock valued at $7,475,000 after purchasing an additional 40,710 shares in the last quarter. Trajan Wealth LLC grew its stake in shares of Dell Technologies by 24.7% during the first quarter. Trajan Wealth LLC now owns 50,402 shares of the technology company's stock valued at $4,594,000 after acquiring an additional 9,986 shares in the last quarter. Public Sector Pension Investment Board increased its position in shares of Dell Technologies by 9.0% during the first quarter. Public Sector Pension Investment Board now owns 47,141 shares of the technology company's stock worth $4,297,000 after acquiring an additional 3,880 shares during the last quarter. Todd Asset Management LLC lifted its stake in shares of Dell Technologies by 52.1% in the first quarter. Todd Asset Management LLC now owns 617,820 shares of the technology company's stock worth $56,314,000 after acquiring an additional 211,671 shares in the last quarter. Finally, Longfellow Investment Management Co. LLC acquired a new stake in Dell Technologies during the 1st quarter valued at approximately $1,029,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In related news, Director V (Gp) L.L.C. Slta sold 527,187 shares of Dell Technologies stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total value of $59,482,509.21. Following the completion of the sale, the director owned 938,741 shares of the company's stock, valued at approximately $105,918,147.03. The trade was a 35.96% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider William F. Scannell sold 91,230 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total value of $10,803,456.60. Following the transaction, the insider directly owned 56,429 shares in the company, valued at approximately $6,682,322.18. This represents a 61.78% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,989,063 shares of company stock worth $1,583,673,412 over the last quarter. 42.00% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent analyst reports. Susquehanna reaffirmed a "neutral" rating and issued a $125.00 target price on shares of Dell Technologies in a research report on Wednesday, August 13th. Evercore ISI upped their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Friday. Morgan Stanley raised their price objective on shares of Dell Technologies from $89.00 to $126.00 and gave the stock an "overweight" rating in a report on Wednesday, May 21st. Barclays upped their target price on shares of Dell Technologies from $116.00 to $123.00 and gave the company an "equal weight" rating in a research note on Friday, May 30th. Finally, Bank of America lifted their price target on Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Sixteen research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $143.00.

Dell Technologies Price Performance

NYSE DELL traded down $1.9760 on Tuesday, hitting $136.1540. 1,016,990 shares of the stock were exchanged, compared to its average volume of 7,099,105. The company's 50-day moving average price is $126.27 and its two-hundred day moving average price is $108.98. The company has a market capitalization of $92.43 billion, a price-to-earnings ratio of 21.73, a P/E/G ratio of 0.97 and a beta of 1.02. 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 released its earnings results on Thursday, May 29th. The technology company reported $1.55 earnings per share for the quarter, missing the consensus estimate of $1.68 by ($0.13). The business had revenue of $23.38 billion for the quarter, compared to analysts' expectations of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The company's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.27 EPS. Dell Technologies has set its Q2 2026 guidance at 2.250-2.25 EPS. FY 2026 guidance at 9.400-9.40 EPS. Equities analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were issued a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.5%. The ex-dividend date was Tuesday, July 22nd. Dell Technologies's payout ratio is currently 33.49%.

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).