Dell Technologies Inc. $DELL Holdings Decreased by State of New Jersey Common Pension Fund D

Key Points

• The State of New Jersey Common Pension Fund D reduced its stake in Dell Technologies by 6.5%, selling 7,605 shares and holding 108,690 shares valued at approximately $9.9 million.
• Multiple equity research analysts have adjusted their price targets for Dell Technologies, with Barclays increasing it to $123.00 while UBS Group lowered it to $145.00, maintaining a mixed outlook overall.
• Insider trading activity included significant sales, with CEO Michael S. Dell selling 10 million shares for around $1.22 billion, impacting his ownership by 27.85%.

State of New Jersey Common Pension Fund D lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 6.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 108,690 shares of the technology company's stock after selling 7,605 shares during the period. State of New Jersey Common Pension Fund D's holdings in Dell Technologies were worth $9,907,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Exchange Traded Concepts LLC boosted its stake in shares of Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after acquiring an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC boosted its stake in shares of Dell Technologies by 44.9% during the first quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after acquiring an additional 809 shares during the last quarter. Mather Group LLC. boosted its stake in shares of Dell Technologies by 113.3% during the first quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock valued at $95,000 after acquiring an additional 554 shares during the last quarter. Golden State Wealth Management LLC boosted its stake in shares of Dell Technologies by 54.6% during the first quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock valued at $402,000 after acquiring an additional 1,558 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in shares of Dell Technologies by 9.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock valued at $5,417,000 after acquiring an additional 4,977 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Activity

In other Dell Technologies news, Director William D. Green sold 50,000 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was 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 owned 45,045 shares in the company, valued at $6,306,300. This trade represents a 52.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Brunilda Rios sold 6,000 shares of the firm'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 sale, the chief accounting officer owned 18,948 shares of the company's stock, valued at approximately $2,392,942.92. This trade represents a 24.05% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,989,063 shares of company stock worth $1,583,673,412 over the last quarter. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL traded up $2.9490 during mid-day trading on Friday, hitting $130.7790. 2,644,695 shares of the company traded hands, compared to its average volume of 7,067,954. The firm has a market cap of $88.78 billion, a P/E ratio of 20.86, a PEG ratio of 0.90 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. The firm's 50 day simple moving average is $127.34 and its 200 day simple moving average is $109.48.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 29th. The technology company reported $1.55 EPS for the quarter, missing the consensus estimate of $1.68 by ($0.13). The company 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 business's quarterly revenue was up 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.27 earnings per share. Dell Technologies has set its Q2 2026 guidance at 2.250-2.25 EPS. FY 2026 guidance at 9.400-9.40 EPS. Equities research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Shareholders of record on Tuesday, July 22nd were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, July 22nd. Dell Technologies's dividend payout ratio (DPR) is 33.49%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on the company. Bank of America raised 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. KeyCorp started coverage on Dell Technologies in a report on Thursday, June 26th. They issued a "sector weight" rating on the stock. Wall Street Zen downgraded Dell Technologies from a "buy" rating to a "hold" rating in a report on Monday, July 14th. Evercore ISI raised their price objective on Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a report on Friday, August 15th. Finally, Citigroup raised their price objective on Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Sixteen equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus target price of $144.06.

Dell Technologies Company 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).