Zevenbergen Capital Investments LLC Sells 47,210 Shares of Dell Technologies Inc. $DELL

Key Points

• Zevenbergen Capital Investments LLC reduced its stake in Dell Technologies by 29.7%, selling 47,210 shares and ending up with 111,620 shares valued at approximately $13.7 million.
• Analyst ratings for Dell Technologies have been positive, with Wells Fargo raising their price target from $150 to $160 and others giving it an average rating of "Moderate Buy".
• The company recently announced a quarterly dividend of $0.525, which has a yield of 1.7% and a payout ratio of 30.88%.

Zevenbergen Capital Investments LLC lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 29.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 111,620 shares of the technology company's stock after selling 47,210 shares during the period. Zevenbergen Capital Investments LLC's holdings in Dell Technologies were worth $13,685,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in shares of Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock worth $2,653,032,000 after purchasing an additional 1,145,658 shares during the last quarter. Boston Partners grew its holdings in shares of Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company's stock worth $466,418,000 after purchasing an additional 1,312,600 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of Dell Technologies by 38.1% during the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after purchasing an additional 1,142,012 shares during the last quarter. Alkeon Capital Management LLC grew its holdings in shares of Dell Technologies by 41.4% during the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company's stock worth $289,657,000 after purchasing an additional 931,032 shares during the last quarter. Finally, Invesco Ltd. grew its holdings in shares of Dell Technologies by 20.5% during the first quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company's stock worth $269,150,000 after purchasing an additional 502,764 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Analyst Ratings Changes

DELL has been the topic of several research reports. KeyCorp initiated coverage on Dell Technologies in a research note on Thursday, June 26th. They set a "sector weight" rating on the stock. Wells Fargo & Company upped their price target on Dell Technologies from $150.00 to $160.00 and gave the company an "overweight" rating in a research note on Friday, August 29th. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday. The Goldman Sachs Group set a $140.00 price target on Dell Technologies and gave the company a "buy" rating in a research note on Thursday, August 28th. Finally, Susquehanna reaffirmed a "neutral" rating and set a $125.00 price target on shares of Dell Technologies in a research note on Wednesday, August 13th. Fourteen analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $146.31.

Dell Technologies Trading Down 0.3%

NYSE:DELL opened at $124.98 on Friday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $147.66. The business's 50-day moving average price is $129.36 and its two-hundred day moving average price is $110.98. The firm has a market capitalization of $84.84 billion, a price-to-earnings ratio of 18.38, a PEG ratio of 0.86 and a beta of 1.01.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share 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 for the quarter, compared to analyst estimates of $29.14 billion. During the same quarter in the prior year, the firm posted $1.89 earnings per share. The company's quarterly 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. Sell-side analysts predict that Dell Technologies Inc. will post 6.93 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced 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. The ex-dividend date of this dividend is Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.7%. Dell Technologies's dividend payout ratio is presently 30.88%.

Insider Transactions at Dell Technologies

In other news, insider William F. Scannell sold 91,230 shares of the firm's stock in a transaction dated Wednesday, June 18th. The stock was sold at an average price of $118.42, for a total transaction of $10,803,456.60. Following the sale, the insider owned 56,429 shares of the company's stock, valued at $6,682,322.18. This trade represents a 61.78% 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, CEO Michael S. Dell sold 10,000,000 shares of the firm's stock in a transaction dated Thursday, June 26th. The stock was sold at an average price of $122.27, for a total value of $1,222,700,000.00. Following the sale, the chief executive officer directly owned 25,912,241 shares in the company, valued at approximately $3,168,289,707.07. This represents a 27.85% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 11,618,897 shares of company stock valued at $1,428,008,024. Corporate insiders own 42.00% of the company's stock.

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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