Dell Technologies Inc. $DELL Position Reduced by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC significantly reduced its stake in Dell Technologies, selling 602,443 shares and owning only 96,165 shares post-sale, which were valued at approximately $8.77 million.
• Other institutional investors, such as Vanguard Group Inc. and Boston Partners, have increased their holdings in Dell Technologies, with Vanguard now owning over $2.65 billion in shares.
• Recent analyst ratings reflect optimism for Dell Technologies, with several firms setting target prices above $130 and a consensus rating of "Moderate Buy" with a target price of $148.

Voya Investment Management LLC trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 86.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 96,165 shares of the technology company's stock after selling 602,443 shares during the period. Voya Investment Management LLC's holdings in Dell Technologies were worth $8,765,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Exchange Traded Concepts LLC lifted its position in shares of Dell Technologies by 25.9% during the first quarter. Exchange Traded Concepts LLC now owns 2,460 shares of the technology company's stock worth $224,000 after purchasing an additional 506 shares in the last quarter. First Hawaiian Bank lifted its position in shares of Dell Technologies by 67.1% during the first quarter. First Hawaiian Bank now owns 34,878 shares of the technology company's stock worth $3,179,000 after purchasing an additional 14,010 shares in the last quarter. Wealthcare Advisory Partners LLC lifted 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 purchasing an additional 809 shares in the last quarter. Mather Group LLC. lifted its position in shares of Dell Technologies by 113.3% during the first quarter. Mather Group LLC. now owns 1,043 shares of the technology company's stock worth $95,000 after purchasing an additional 554 shares in the last quarter. Finally, Westbourne Investments Inc. lifted its position in shares of Dell Technologies by 167.5% during the first quarter. Westbourne Investments Inc. now owns 21,808 shares of the technology company's stock worth $1,988,000 after purchasing an additional 13,657 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Stock Performance

Shares of Dell Technologies stock traded up $1.00 during trading on Friday, hitting $133.11. 3,404,027 shares of the stock were exchanged, compared to its average volume of 7,088,284. The stock's fifty day moving average is $129.61 and its 200 day moving average is $111.67. The stock has a market cap of $89.50 billion, a PE ratio of 19.57, a P/E/G ratio of 0.89 and a beta of 1.01. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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. The business had revenue of $29.78 billion during the quarter, compared to analyst estimates of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The company's quarterly revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior 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. Sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date is Tuesday, October 21st. Dell Technologies's dividend payout ratio is currently 30.88%.

Insider Buying and Selling

In other Dell Technologies news, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $127.00, for a total value of $76,200,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Lynn Vojvodich Radakovich sold 725 shares of the company's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $126.39, for a total transaction of $91,632.75. Following the completion of the sale, the director directly owned 23,680 shares of the company's stock, valued at $2,992,915.20. The trade was a 2.97% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 12,128,392 shares of company stock worth $1,493,496,200 in the last ninety days. Insiders own 42.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DELL. 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 research report on Friday, August 29th. Susquehanna reaffirmed a "neutral" rating and issued a $125.00 price target on shares of Dell Technologies in a report on Wednesday, August 13th. Morgan Stanley upped their price target on shares of Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a report on Thursday, August 21st. Cowen reaffirmed a "hold" rating on shares of Dell Technologies in a report on Friday, August 29th. Finally, Wall Street Zen raised shares of Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, September 13th. Sixteen equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $147.67.

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).