Titleist Asset Management LLC Purchases 4,374 Shares of Dell Technologies Inc. $DELL

Key Points

• Titleist Asset Management LLC increased its holdings in Dell Technologies by 27.9%, owning 20,031 shares valued at approximately $1.83 million.
• Several large investors, including Vanguard Group and Deutsche Bank AG, have also raised their stakes significantly in Dell Technologies during the first quarter.
• Dell Technologies reported an earnings per share (EPS) of $2.32 for the latest quarter, exceeding expectations and showing a 19.0% year-over-year revenue growth.

Titleist Asset Management LLC raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 27.9% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,031 shares of the technology company's stock after buying an additional 4,374 shares during the period. Titleist Asset Management LLC's holdings in Dell Technologies were worth $1,826,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in DELL. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $25,000. N.E.W. Advisory Services LLC purchased a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $26,000. Cheviot Value Management LLC purchased a new stake in shares of Dell Technologies in the 1st quarter valued at approximately $27,000. Cullen Frost Bankers Inc. raised its holdings in shares of Dell Technologies by 270.7% during the 1st quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company's stock valued at $28,000 after purchasing an additional 222 shares in the last quarter. Finally, Crowley Wealth Management Inc. raised its holdings in shares of Dell Technologies by 86.2% during the 1st quarter. Crowley Wealth Management Inc. now owns 324 shares of the technology company's stock valued at $30,000 after purchasing an additional 150 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insider Activity

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 625,000 shares of the company's stock in a transaction that occurred on Thursday, June 26th. The shares were 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. This represents a 39.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 527,187 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $112.83, for a total transaction of $59,482,509.21. Following the completion of the sale, 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 12,918,898 shares of company stock valued at $1,576,038,056. 42.00% of the stock is currently owned by company insiders.

Dell Technologies Trading Up 2.3%

DELL stock traded up $2.78 during trading on Wednesday, hitting $123.74. 5,946,354 shares of the stock traded hands, compared to its average volume of 7,146,173. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66. The company has a 50 day simple moving average of $129.24 and a 200 day simple moving average of $110.56. The stock has a market cap of $84.00 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 0.85 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, topping the consensus estimate of $2.29 by $0.03. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The company had revenue of $29.78 billion during the quarter, compared to analysts' expectations of $29.14 billion. During the same quarter in the previous year, the company earned $1.89 EPS. Dell Technologies's revenue was up 19.0% on a year-over-year basis. 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, analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 1st. Stockholders of record on Tuesday, July 22nd were given a dividend of $0.525 per share. The ex-dividend date was Tuesday, July 22nd. This represents a $2.10 annualized dividend and a dividend yield of 1.7%. Dell Technologies's payout ratio is currently 30.88%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on DELL. Citigroup raised their price target on shares of Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a report on Monday, August 11th. Wells Fargo & Company raised their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Barclays raised their target price on shares of Dell Technologies from $123.00 to $131.00 and gave the company an "equal weight" rating in a research note on Friday, August 29th. The Goldman Sachs Group set a $140.00 target price on shares of Dell Technologies and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Mizuho raised their target price on shares of Dell Technologies from $140.00 to $145.00 and gave the company an "outperform" rating in a research note on Monday, May 19th. Fourteen investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat, Dell Technologies has an average rating of "Moderate Buy" and a consensus target price of $146.31.

About Dell Technologies

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).