Sciencast Management LP Purchases Shares of 3,979 Dell Technologies Inc. $DELL

Key Points

• Sciencast Management LP made a new investment in Dell Technologies, acquiring 3,979 shares valued at approximately $363,000.
• Several institutional investors have increased their stakes in Dell Technologies, with notable boosts including Wealthcare Advisory Partners LLC increasing their stake by 44.9%.
• Dell Technologies has recently set a quarterly dividend of $0.525 per share, which will be paid on October 31st, representing an annualized yield of 1.7%.

Sciencast Management LP bought a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 3,979 shares of the technology company's stock, valued at approximately $363,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new position in Dell Technologies in the first quarter worth $25,000. N.E.W. Advisory Services LLC bought a new position in Dell Technologies in the first quarter worth $26,000. Cheviot Value Management LLC bought a new position in Dell Technologies in the first quarter worth $27,000. Cullen Frost Bankers Inc. lifted its position in Dell Technologies by 270.7% in 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. Finally, Crowley Wealth Management Inc. lifted its holdings in shares of Dell Technologies by 86.2% during the first quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after acquiring an additional 150 shares during the period. 76.37% of the stock is owned by institutional investors.

Dell Technologies Price Performance

Shares of NYSE:DELL traded down $0.39 during midday trading on Friday, reaching $124.98. The company's stock had a trading volume of 4,363,546 shares, compared to its average volume of 6,567,567. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $147.66. The company has a market capitalization of $84.03 billion, a P/E ratio of 18.38, a P/E/G ratio of 0.86 and a beta of 1.01. The business's fifty day simple moving average is $129.36 and its 200-day simple moving average is $111.00.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The company had revenue of $29.78 billion during the quarter, compared to analyst estimates of $29.14 billion. During the same period last year, the company posted $1.89 earnings per share. The firm's quarterly revenue was up 19.0% compared to the same quarter last year. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. On average, analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio (DPR) is 30.88%.

Insider Activity at Dell Technologies

In related news, Director William D. Green sold 50,000 shares of the business'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 transaction of $7,000,000.00. Following the completion of the sale, the director directly owned 45,045 shares of the company's stock, valued at $6,306,300. The trade was a 52.61% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $127.56, for a total transaction of $76,536,000.00. Following the completion of the sale, the director owned 980,295 shares in the company, valued at $125,046,430.20. This represents a 37.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 11,618,897 shares of company stock worth $1,428,008,024 over the last 90 days. Insiders own 42.00% of the company's stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Mizuho lifted their price objective on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a report on Monday, May 19th. Bank of America lifted their price objective on Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a report on Friday, August 29th. Barclays lifted their price objective on Dell Technologies from $123.00 to $131.00 and gave the company an "equal weight" rating in a report on Friday, August 29th. Evercore ISI lifted their price objective on Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Finally, UBS Group lifted their price objective on Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a report on Friday, August 29th. Fourteen equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $146.31.

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).