Dell Technologies Inc. $DELL Stock Holdings Boosted by Trek Financial LLC

Trek Financial LLC raised its position in shares of Dell Technologies Inc. (NYSE:DELL) by 687.1% in the third quarter, Holdings Channel.com reports. The fund owned 22,819 shares of the technology company’s stock after acquiring an additional 19,920 shares during the quarter. Trek Financial LLC’s holdings in Dell Technologies were worth $12,276,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DELL. True Freedom Investing LLC purchased a new stake in Dell Technologies during the 3rd quarter valued at about $1,214,000. Pinkerton Wealth LLC purchased a new stake in Dell Technologies in the 3rd quarter valued at $660,000. Hoey Investments Inc. increased its stake in shares of Dell Technologies by 17.1% in the 3rd quarter. Hoey Investments Inc. now owns 6,143 shares of the technology company’s stock worth $3,305,000 after acquiring an additional 895 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Dell Technologies during the 3rd quarter worth $45,098,000. Finally, ProShare Advisors LLC boosted its position in shares of Dell Technologies by 6.7% during the 3rd quarter. ProShare Advisors LLC now owns 58,769 shares of the technology company’s stock valued at $31,615,000 after acquiring an additional 3,713 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DELL has been the subject of several analyst reports. Mizuho increased their price objective on Dell Technologies from $600.00 to $650.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Evercore reiterated an “outperform” rating and set a $650.00 price target on shares of Dell Technologies in a research report on Wednesday, September 9th. Cantor Fitzgerald began coverage on shares of Dell Technologies in a report on Wednesday, September 2nd. They issued an “overweight” rating for the company. Sanford C. Bernstein upped their price target on Dell Technologies from $500.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Finally, Fox Advisors upgraded Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $625.00 price objective on the stock in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $569.96.

Dell Technologies Stock Down 0.2%

Dell Technologies stock opened at $423.63 on Monday. The firm has a market capitalization of $269.35 billion, a PE ratio of 24.59, a P/E/G ratio of 0.44 and a beta of 1.45. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $595.51. The firm’s 50-day simple moving average is $513.74 and its 200 day simple moving average is $330.29.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating the consensus estimate of $4.91 by $2.13. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The business had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. During the same period in the previous year, the company posted $1.70 EPS. The company’s revenue was up 57.7% compared to the same quarter last year. 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, research analysts expect that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were given a dividend of $0.63 per share. 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%.

Insider Buying and Selling

In other Dell Technologies news, Director Egon Durban sold 1,850 shares of the business’s stock in a transaction on Wednesday, September 23rd. The shares were sold at an average price of $548.40, for a total transaction of $1,014,540.00. Following the sale, the director directly owned 1,405,236 shares of the company’s stock, valued at $770,631,422.40. The trade was a 0.13% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of the stock in a transaction that occurred on 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 completion of the sale, the director owned 1,404,569 shares of the company’s stock, valued at approximately $823,639,261.60. The trade was a 0.13% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,819,650 shares of company stock worth $991,183,596. 41.50% of the stock is owned by corporate insiders.

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.