Truist Financial Corp Increases Stock Holdings in Dell Technologies Inc. $DELL

Key Points

• Truist Financial Corp increased its ownership of Dell Technologies by 82.5% in Q2, now holding 269,704 shares valued at approximately $33 million.
• Insiders sold over 3.2 million shares of Dell Technologies, amounting to a total value of around $420 million in the last quarter, with insiders currently owning 42% of the company's stock.
• Dell Technologies reported a $29.78 billion revenue for the last quarter, exceeding estimates, with a 19% year-over-year revenue increase.

Truist Financial Corp grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 82.5% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 269,704 shares of the technology company's stock after purchasing an additional 121,948 shares during the period. Truist Financial Corp's holdings in Dell Technologies were worth $33,066,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in DELL. Exchange Traded Concepts LLC boosted its position in Dell Technologies by 25.9% in the 1st quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock valued at $224,000 after buying an additional 506 shares during the period. First Hawaiian Bank boosted its holdings in Dell Technologies by 67.1% in the first quarter. First Hawaiian Bank now owns 34,878 shares of the technology company's stock valued at $3,179,000 after purchasing an additional 14,010 shares during the period. Wealthcare Advisory Partners LLC grew its position 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 worth $238,000 after buying an additional 809 shares in the last quarter. Mather Group LLC. raised its holdings in Dell Technologies by 113.3% in 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 in the last quarter. Finally, Westbourne Investments Inc. lifted its stake in Dell Technologies by 167.5% in the first 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. Hedge funds and other institutional investors own 76.37% of the company's stock.

Insiders Place Their Bets

In related news, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm's stock in a transaction dated Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business's stock in a transaction that occurred on Thursday, September 18th. The stock was sold at an average price of $132.32, for a total value of $74,760,800.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,204,462 shares of company stock worth $420,370,484. 42.00% of the stock is owned by insiders.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $147.28 on Friday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $152.10. The company's fifty day moving average is $131.65 and its two-hundred day moving average is $114.63. The company has a market capitalization of $99.03 billion, a P/E ratio of 21.66, a PEG ratio of 1.03 and a beta of 1.04.

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, beating the consensus estimate of $2.29 by $0.03. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The firm had revenue of $29.78 billion during the quarter, compared to the consensus estimate of $29.14 billion. During the same period in the prior year, the business earned $1.89 EPS. The firm's revenue was up 19.0% compared to the same quarter last year. 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, equities analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be paid a $0.525 dividend. This represents a $2.10 annualized dividend and a yield of 1.4%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's payout ratio is currently 30.88%.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DELL. Cowen restated a "hold" rating on shares of Dell Technologies in a report on Friday, August 29th. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $125.00 to $145.00 and gave the stock an "overweight" rating in a report on Thursday, July 17th. Morgan Stanley upped their price objective on Dell Technologies from $135.00 to $144.00 and gave the stock an "overweight" rating in a research report on Thursday, August 21st. Raymond James Financial raised their target price on Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research report on Friday, August 29th. Finally, TD Cowen upped their price target on Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a report on Friday, August 29th. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $148.67.

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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