Salem Investment Counselors Inc. Acquires 398 Shares of Dell Technologies Inc. $DELL

Salem Investment Counselors Inc. increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 3.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,000 shares of the technology company’s stock after purchasing an additional 398 shares during the period. Salem Investment Counselors Inc.’s holdings in Dell Technologies were worth $1,471,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DELL. Boston Partners increased its position in shares of 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 buying an additional 1,312,600 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after acquiring an additional 1,145,658 shares in the last quarter. Deutsche Bank AG raised its position 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 period. Alkeon Capital Management LLC lifted its holdings in shares of Dell Technologies by 41.4% during 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 in the last quarter. Finally, Auto Owners Insurance Co grew its position in shares of Dell Technologies by 18,732.9% in the 1st quarter. Auto Owners Insurance Co now owns 781,000 shares of the technology company’s stock valued at $71,188,000 after purchasing an additional 776,853 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL opened at $124.98 on Monday. The firm has a market cap of $84.03 billion, a P/E ratio of 18.38, a price-to-earnings-growth ratio of 0.86 and a beta of 1.01. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $147.66. The firm’s 50-day simple moving average is $129.36 and its 200 day simple moving average is $111.00.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data 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. 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 analysts’ expectations of $29.14 billion. During the same quarter last year, the business earned $1.89 EPS. The company’s quarterly 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 forecast 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. Investors of record on Tuesday, October 21st will be paid a $0.525 dividend. 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 dividend payout ratio (DPR) is 30.88%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on DELL shares. Wells Fargo & Company raised their price objective on shares of Dell Technologies from $150.00 to $160.00 and gave the stock an “overweight” rating in a report on Friday, August 29th. Mizuho boosted their price target on Dell Technologies from $140.00 to $145.00 and gave the company an “outperform” rating in a report on Monday, May 19th. Citigroup upped their price objective on Dell Technologies from $135.00 to $160.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. Susquehanna reissued a “neutral” rating and issued a $125.00 target price on shares of Dell Technologies in a research report on Wednesday, August 13th. Finally, Cowen reaffirmed a “hold” rating on shares of Dell Technologies in a research report on Friday, August 29th. Fourteen analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $146.31.

Insider Activity

In related news, Director V (Gp) L.L.C. Slta sold 6,086 shares of the stock in a transaction that occurred on Thursday, July 17th. The shares were sold at an average price of $123.50, for a total value of $751,621.00. Following the completion of the transaction, the director owned 986,261 shares of the company’s stock, valued at $121,803,233.50. This represents a 0.61% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the firm’s stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $127.56, for a total value of $76,536,000.00. Following the sale, the director directly owned 980,295 shares in the company, valued at approximately $125,046,430.20. This trade represents a 37.97% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 11,618,897 shares of company stock valued at $1,428,008,024. Corporate insiders own 42.00% of the company’s stock.

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).