SVB Wealth LLC Sells 3,941 Shares of Dell Technologies Inc. $DELL

Key Points

• SVB Wealth LLC has significantly reduced its stake in Dell Technologies Inc. by 49.7%, now owning 3,981 shares valued at approximately $363,000.
• The technology company's stock is up 2.3%, with recent earnings showing a year-over-year revenue increase of 5.1% despite missing EPS estimates.
• Analysts maintain a largely positive outlook, with several firms raising their price targets, indicating a potential average target of $144.06 for the stock.

SVB Wealth LLC decreased its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 49.7% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,981 shares of the technology company's stock after selling 3,941 shares during the quarter. SVB Wealth LLC's holdings in Dell Technologies were worth $363,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Exchange Traded Concepts LLC boosted its holdings in 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 period. Wealthcare Advisory Partners LLC grew its holdings in Dell Technologies by 44.9% in the 1st quarter. Wealthcare Advisory Partners LLC now owns 2,612 shares of the technology company's stock valued at $238,000 after buying an additional 809 shares during the last quarter. Mather Group LLC. lifted its holdings 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 worth $95,000 after buying an additional 554 shares during the last quarter. Golden State Wealth Management LLC boosted its position in shares of Dell Technologies by 54.6% in 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 period. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of Dell Technologies by 9.1% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 59,429 shares of the technology company's stock worth $5,417,000 after acquiring an additional 4,977 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the stock in a transaction that occurred 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 sale, the director directly owned 960,050 shares of the company's stock, valued at approximately $121,158,310. This represents a 39.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, General Counsel Richard J. Rothberg sold 70,165 shares of the stock in a transaction on Tuesday, June 3rd. The stock was sold at an average price of $108.82, for a total transaction of $7,635,355.30. Following the sale, the general counsel directly owned 79,928 shares of the company's stock, valued at $8,697,764.96. This represents a 46.75% decrease in their position. The disclosure for this sale can be found here. Insiders sold 12,989,063 shares of company stock worth $1,583,673,412 in the last three months. 42.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. Susquehanna reissued a "neutral" rating and issued a $125.00 price target on shares of Dell Technologies in a report on Wednesday, August 13th. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Bank of America increased their price target on shares of Dell Technologies from $155.00 to $165.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Citigroup boosted their target price on shares of Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Finally, Barclays lifted 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. Sixteen equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $144.06.

Dell Technologies Stock Performance

DELL traded up $2.18 during midday trading on Thursday, reaching $134.68. 10,807,523 shares of the company were exchanged, compared to its average volume of 7,033,967. The stock has a market capitalization of $91.42 billion, a P/E ratio of 21.48, a PEG ratio of 0.91 and a beta of 1.02. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66. The stock's 50-day simple moving average is $129.10 and its 200 day simple moving average is $110.37.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The technology company reported $2.10 earnings per share for the quarter, missing analysts' consensus estimates of $2.28 by ($0.18). Dell Technologies had a net margin of 4.63% and a negative return on equity of 226.48%. 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, research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Announces Dividend

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

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).