Russell Investments Group Ltd. reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 8.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 123,332 shares of the technology company's stock after selling 11,509 shares during the period. Russell Investments Group Ltd.'s holdings in Dell Technologies were worth $11,245,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bellwether Advisors LLC purchased a new stake in Dell Technologies in the 4th quarter valued at about $25,000. Smallwood Wealth Investment Management LLC acquired a new position in Dell Technologies in the 1st quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies during the first quarter worth about $26,000. Cheviot Value Management LLC purchased a new stake in Dell Technologies during the first quarter worth about $27,000. Finally, Cullen Frost Bankers Inc. increased its stake in Dell Technologies by 270.7% during the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock worth $28,000 after purchasing an additional 222 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.
Dell Technologies Trading Up 2.3%
NYSE:DELL traded up $2.9490 during mid-day trading on Friday, hitting $130.7790. The stock had a trading volume of 3,784,298 shares, compared to its average volume of 4,566,602. The stock has a 50-day simple moving average of $127.76 and a two-hundred day simple moving average of $109.74. The company has a market capitalization of $88.78 billion, a PE ratio of 20.86, a PEG ratio of 0.91 and a beta of 1.02. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66.
Dell Technologies (NYSE:DELL - Get Free Report) last issued 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 firm had revenue of $23.38 billion during the quarter, compared to analyst estimates of $23.17 billion. Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. The firm's revenue was up 5.1% compared to the same quarter last year. During the same period last year, the business 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. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.
Dell Technologies Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were issued a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies's dividend payout ratio (DPR) is 33.49%.
Analyst Ratings Changes
A number of analysts have issued reports on the stock. Morgan Stanley boosted 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. JPMorgan Chase & Co. boosted their price target on shares of Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a research note on Thursday, July 17th. KeyCorp assumed coverage on shares of Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating on the stock. Wall Street Zen lowered shares of Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Finally, UBS Group cut their price target on shares of Dell Technologies from $150.00 to $145.00 and set a "buy" rating on the stock in a research note on Friday, May 30th. Sixteen equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $144.06.
Read Our Latest Stock Analysis on Dell Technologies
Insider Transactions at Dell Technologies
In related news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the company's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $127.56, for a total value of $76,536,000.00. Following the completion of the transaction, the director directly owned 980,295 shares of the company's stock, valued at $125,046,430.20. This represents a 37.97% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Brunilda Rios sold 6,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were sold at an average price of $126.29, for a total value of $757,740.00. Following the completion of the transaction, the chief accounting officer directly owned 18,948 shares of the company's stock, valued at $2,392,942.92. This trade represents a 24.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 12,989,063 shares of company stock valued at $1,583,673,412 over the last quarter. Insiders own 42.00% of the company's stock.
About Dell Technologies
(
Free Report)
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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