Strs Ohio Makes New $32.02 Million Investment in Dell Technologies Inc. $DELL

Key Points

• Strs Ohio has acquired a new stake in Dell Technologies Inc., purchasing 351,319 shares valued at approximately $32 million, representing about 0.05% ownership of the company.
• CEO Michael S. Dell sold 10 million shares for over $1.22 billion, reducing his stake by nearly 28%, while insiders collectively sold nearly 11.6 million shares totaling roughly $1.43 billion in the last quarter.
• Analysts have raised price targets for Dell Technologies, with Wells Fargo and Evercore ISI both increasing their targets to $160, reflecting a strong market outlook and a consensus rating of "Moderate Buy."

Strs Ohio bought a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 351,319 shares of the technology company's stock, valued at approximately $32,023,000. Strs Ohio owned about 0.05% of Dell Technologies at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Exchange Traded Concepts LLC increased its holdings in shares of Dell Technologies by 25.9% during the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after acquiring an additional 506 shares during the last quarter. Wealthcare Advisory Partners LLC increased its holdings in shares of Dell Technologies by 44.9% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock worth $238,000 after acquiring an additional 809 shares during the last quarter. Mather Group LLC. increased its holdings in shares of Dell Technologies by 113.3% during the 1st quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock worth $95,000 after acquiring an additional 554 shares during the last quarter. Golden State Wealth Management LLC increased its holdings in shares of Dell Technologies by 54.6% during the 1st quarter. Golden State Wealth Management LLC now owns 4,411 shares of the technology company's stock worth $402,000 after acquiring an additional 1,558 shares during the last quarter. Finally, Westbourne Investments Inc. increased its holdings in shares of Dell Technologies by 167.5% during the 1st quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company's stock worth $1,988,000 after acquiring an additional 13,657 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the business's stock in a transaction on 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 of the company's stock, valued at approximately $121,158,310. The trade was a 39.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael S. Dell sold 10,000,000 shares of the business's stock in a transaction on Thursday, June 26th. The stock was 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 of the company's stock, valued at $3,168,289,707.07. This trade represents a 27.85% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 11,618,897 shares of company stock worth $1,428,008,024 in the last three months. Insiders own 42.00% of the company's stock.

Dell Technologies Stock Down 0.3%

Shares of NYSE:DELL traded down $0.39 during trading on Friday, reaching $124.98. 4,363,546 shares of the company traded hands, compared to its average volume of 6,567,567. The company's 50 day moving average is $129.36 and its two-hundred day moving average is $111.00. The firm has a market capitalization of $84.03 billion, a PE ratio of 18.38, a PEG ratio of 0.86 and a beta of 1.01. 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, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. The firm had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The company's revenue was up 19.0% compared to the same quarter last year. During the same period in the prior year, the company 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. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

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

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. UBS Group boosted their price target on Dell Technologies from $145.00 to $155.00 and gave the company a "buy" rating in a research note on Friday, August 29th. Fox Advisors downgraded Dell Technologies from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 29th. TD Cowen boosted their price target on Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a research note on Friday, August 29th. Morgan Stanley boosted their price target on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Finally, JPMorgan Chase & Co. boosted their price target on Dell Technologies from $125.00 to $145.00 and gave the company an "overweight" rating in a research note on Thursday, July 17th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $146.31.

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).