True Freedom Investing LLC Purchases New Position in Dell Technologies Inc. $DELL

True Freedom Investing LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 2,257 shares of the technology company’s stock, valued at approximately $1,214,000.

Several other hedge funds have also bought and sold shares of the stock. Collective Family Office LLC grew its stake in shares of Dell Technologies by 1.5% during the 3rd quarter. Collective Family Office LLC now owns 1,299 shares of the technology company’s stock worth $699,000 after purchasing an additional 19 shares during the period. North Star Investment Management Corp. increased its holdings in shares of Dell Technologies by 0.3% during the 3rd quarter. North Star Investment Management Corp. now owns 6,992 shares of the technology company’s stock valued at $3,761,000 after purchasing an additional 21 shares in the last quarter. Cornerstone Financial Management LLC lifted its stake in shares of Dell Technologies by 56.1% in the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock valued at $28,000 after purchasing an additional 23 shares during the period. Beaumont Financial Advisors LLC lifted its stake in shares of Dell Technologies by 0.3% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 8,713 shares of the technology company’s stock valued at $4,687,000 after purchasing an additional 24 shares during the period. Finally, Noble Wealth Management PBC boosted its holdings in Dell Technologies by 113.6% during the third quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock worth $25,000 after buying an additional 25 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insiders Place Their Bets

In other news, Director Spv-2 L.P. Sl sold 44,408 shares of the business’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $582.30, for a total transaction of $25,858,778.40. Following the completion of the sale, the director owned 43,740 shares of the company’s stock, valued at $25,469,802. The trade was a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of the company’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $586.40, for a total transaction of $1,055,520.00. Following the transaction, the director owned 1,404,569 shares of the company’s stock, valued at approximately $823,639,261.60. This trade represents a 0.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,819,650 shares of company stock valued at $991,183,596. 41.50% of the stock is owned by company insiders.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $423.63 on Monday. The business’s 50 day moving average price is $513.74 and its 200-day moving average price is $330.29. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $595.51. The firm has a market capitalization of $269.35 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, topping the consensus estimate of $4.91 by $2.13. The company had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The firm’s revenue was up 57.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.70 EPS. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. On average, sell-side analysts expect that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were given a $0.63 dividend. The ex-dividend date was Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies’s dividend payout ratio (DPR) is 14.63%.

Analysts Set New Price Targets

Several analysts recently commented on DELL shares. Evercore restated an “outperform” rating and set a $650.00 price target on shares of Dell Technologies in a research report on Wednesday, September 9th. Citigroup lifted their price objective on shares of Dell Technologies from $515.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. US Capital Advisors set a $625.00 price objective on shares of Dell Technologies in a research report on Wednesday, September 2nd. Daiwa Securities Group increased their target price on shares of Dell Technologies from $465.00 to $625.00 and gave the stock an “outperform” rating in a research note on Friday, September 18th. Finally, Mizuho raised their target price on Dell Technologies from $600.00 to $650.00 and gave the company an “outperform” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat.com, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $569.96.

Dell Technologies Company Profile

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.