Dell Technologies Inc. $DELL Shares Acquired by Viking Fund Management LLC

Key Points

• Viking Fund Management LLC increased its holdings in Dell Technologies by 26.7% during Q2, now owning 57,000 shares valued at approximately $6.99 million.
• Dell Technologies reported earnings of $2.32 per share for the last quarter, exceeding analysts' expectations of $2.29, with revenue hitting $29.78 billion.
• The company will pay a quarterly dividend of $0.525 per share on October 31st, with an annualized dividend yield of 1.6% and a payout ratio of 30.88%.

Viking Fund Management LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 26.7% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 57,000 shares of the technology company's stock after acquiring an additional 12,000 shares during the period. Viking Fund Management LLC's holdings in Dell Technologies were worth $6,988,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. lifted its position in shares of Dell Technologies by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after buying an additional 1,145,658 shares during the last quarter. Boston Partners raised its position in Dell Technologies by 34.4% in the 1st quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock valued at $466,418,000 after purchasing an additional 1,312,600 shares during the last quarter. Deutsche Bank AG raised its position in Dell Technologies by 38.1% in the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock valued at $377,508,000 after purchasing an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC raised its position in Dell Technologies by 41.4% in the 1st 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 position in Dell Technologies by 20.5% in the 1st 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. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analyst Ratings Changes

DELL has been the subject of several research reports. Barclays upped their price target on shares of Dell Technologies from $131.00 to $133.00 and gave the company an "equal weight" rating in a research report on Wednesday, September 17th. Daiwa Capital Markets upped their price target on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an "outperform" rating in a research note on Thursday, September 11th. Fox Advisors cut shares of Dell Technologies from an "overweight" rating to an "equal weight" rating in a research note on Friday, August 29th. Evercore ISI upped their price target on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an "outperform" rating in a research note on Friday, August 15th. Finally, Cowen reaffirmed a "hold" rating on shares of Dell Technologies in a research note on Friday, August 29th. Sixteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $147.67.

Insider Buying and Selling at Dell Technologies

In related news, Director William D. Green sold 50,000 shares of Dell Technologies stock in a transaction on Monday, August 11th. The shares were sold at an average price of $140.00, for a total transaction of $7,000,000.00. Following the transaction, the director owned 45,045 shares in the company, valued at approximately $6,306,300. The trade was a 52.61% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, 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 transaction, the director owned 960,050 shares in the company, valued at $121,158,310. The trade was a 39.43% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 12,693,392 shares of company stock worth $1,568,257,000. Corporate insiders own 42.00% of the company's stock.

Dell Technologies Stock Up 2.7%

Shares of DELL traded up $3.53 during mid-day trading on Monday, hitting $135.47. The company had a trading volume of 10,136,890 shares, compared to its average volume of 7,138,249. The stock has a market cap of $91.09 billion, a PE ratio of 19.92, a P/E/G ratio of 0.90 and a beta of 1.01. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The business's 50-day simple moving average is $129.71 and its 200-day simple moving average is $112.16.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, topping the consensus estimate of $2.29 by $0.03. The business 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 business's quarterly revenue was up 19.0% on a year-over-year basis. During the same period last year, the company posted $1.89 EPS. 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, sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be issued a $0.525 dividend. The ex-dividend date is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies's dividend payout ratio (DPR) is presently 30.88%.

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).