United Services Automobile Association Takes $618,000 Position in Dell Technologies Inc. $DELL

Key Points

• USAA has acquired a new stake in Dell Technologies valued at approximately $618,000 by purchasing 6,699 shares in the 1st quarter.
• Several hedge funds have increased their holdings in Dell, with notable purchases including the Michael & Susan Dell Foundation investing $265 million and Boston Partners growing its position by 34.4%.
• Dell Technologies reported earnings of $2.32 per share for the latest quarter, surpassing analysts' expectations and reflecting a 19% year-over-year revenue increase.

United Services Automobile Association purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,699 shares of the technology company's stock, valued at approximately $618,000.

A number of other institutional investors have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its stake in Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after buying an additional 1,145,658 shares in the last quarter. Boston Partners lifted its stake in Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after buying an additional 1,312,600 shares in the last quarter. Deutsche Bank AG lifted its stake in Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after buying an additional 1,142,012 shares in the last quarter. Alkeon Capital Management LLC raised its holdings in shares of Dell Technologies by 41.4% in the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company's stock valued at $289,657,000 after purchasing an additional 931,032 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Dell Technologies by 20.5% in the first quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company's stock valued at $269,150,000 after purchasing an additional 502,764 shares during the last quarter. 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 Dell Technologies stock in a transaction on Thursday, June 26th. The shares were 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 directly owned 960,050 shares of the company's stock, valued at $121,158,310. The trade was a 39.43% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William F. Scannell sold 91,230 shares of the business's stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the completion of the sale, the insider directly owned 56,429 shares of the company's stock, valued at approximately $6,682,322.18. The trade was a 61.78% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,618,897 shares of company stock valued at $1,428,008,024. 42.00% of the stock is owned by company insiders.

Dell Technologies Price Performance

DELL stock traded down $0.39 during midday trading on Friday, reaching $124.98. 4,363,546 shares of the company were exchanged, compared to its average volume of 6,521,694. The business has a 50-day moving average price of $129.36 and a two-hundred day moving average price of $110.98. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $147.66. The firm has a market capitalization of $84.84 billion, a price-to-earnings ratio of 18.38, a price-to-earnings-growth ratio of 0.86 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The firm had revenue of $29.78 billion during the quarter, compared to analysts' expectations of $29.14 billion. During the same period in the previous year, the business posted $1.89 earnings per share. The company's revenue for the quarter 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, analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Analysts Set New Price Targets

DELL has been the topic of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a report on Friday, August 29th. Bank of America lifted their price objective on shares of Dell Technologies from $165.00 to $167.00 and gave the company a "buy" rating in a report on Friday, August 29th. Raymond James Financial lifted their price objective on shares of Dell Technologies from $150.00 to $152.00 and gave the company an "outperform" rating in a report on Friday, August 29th. UBS Group boosted their target price on shares of Dell Technologies from $145.00 to $155.00 and gave the stock a "buy" rating in a report on Friday, August 29th. Finally, Citigroup boosted their target price on shares of Dell Technologies from $135.00 to $160.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Fourteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, Dell Technologies presently has an average 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).