The Manufacturers Life Insurance Company Sells 623,227 Shares of Dell Technologies Inc. $DELL

Key Points

• The Manufacturers Life Insurance Company reduced its stake in Dell Technologies by 77.2%, selling 623,227 shares and now holds 184,349 shares valued at approximately $16.8 million.
• Wells Fargo raised Dell's price objective from $150.00 to $160.00, maintaining an "overweight" rating, while analysts overall rated the stock as a "Moderate Buy" with a consensus price target of $146.31.
• In the most recent quarter, Dell reported an EPS of $2.32, exceeding estimates, with revenue of $29.78 billion, marking a 19% year-over-year increase.

The Manufacturers Life Insurance Company lowered its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 77.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 184,349 shares of the technology company's stock after selling 623,227 shares during the period. The Manufacturers Life Insurance Company's holdings in Dell Technologies were worth $16,803,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Canada Pension Plan Investment Board boosted its stake in Dell Technologies by 1,031.0% in the first quarter. Canada Pension Plan Investment Board now owns 105,152 shares of the technology company's stock valued at $9,585,000 after buying an additional 95,855 shares in the last quarter. Lansforsakringar Fondforvaltning AB publ boosted its stake in Dell Technologies by 1.5% in the first quarter. Lansforsakringar Fondforvaltning AB publ now owns 287,164 shares of the technology company's stock valued at $26,175,000 after buying an additional 4,282 shares in the last quarter. Wealth Preservation Advisors LLC acquired a new stake in Dell Technologies in the first quarter valued at about $97,000. Delta Investment Management LLC acquired a new stake in Dell Technologies in the first quarter valued at about $366,000. Finally, CreativeOne Wealth LLC boosted its stake in Dell Technologies by 36.0% in the first quarter. CreativeOne Wealth LLC now owns 2,382 shares of the technology company's stock valued at $217,000 after buying an additional 631 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

DELL has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday. Susquehanna reaffirmed a "neutral" rating and issued a $125.00 price objective on shares of Dell Technologies in a research note on Wednesday, August 13th. Mizuho lifted their price target on Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Fox Advisors lowered Dell Technologies from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 29th. Finally, Wall Street Zen lowered Dell Technologies from a "buy" rating to a "hold" rating in a research note on Monday, July 14th. Fourteen investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $146.31.

Dell Technologies Price Performance

Dell Technologies stock opened at $121.17 on Wednesday. The stock's 50 day moving average is $129.24 and its 200 day moving average is $110.56. The firm has a market cap of $82.26 billion, a P/E ratio of 17.82, a P/E/G ratio of 0.85 and a beta of 1.01. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66.

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

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 1st. Investors of record on Tuesday, July 22nd were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Tuesday, July 22nd. Dell Technologies's payout ratio is currently 30.88%.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 527,187 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $112.83, for a total value of $59,482,509.21. Following the transaction, the director directly owned 938,741 shares of the company's stock, valued at $105,918,147.03. The trade was a 35.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock in a transaction that occurred on Thursday, June 26th. The stock was sold at an average price of $126.20, for a total value of $78,875,000.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,918,898 shares of company stock valued at $1,576,038,056 over the last 90 days. 42.00% of the stock is currently owned by corporate insiders.

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).

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