Dell Technologies Inc. $DELL Shares Sold by Eurizon Capital SGR S.p.A.

Eurizon Capital SGR S.p.A. lessened its holdings in Dell Technologies Inc. (NYSE:DELL) by 16.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 153,354 shares of the technology company’s stock after selling 29,121 shares during the period. Eurizon Capital SGR S.p.A.’s holdings in Dell Technologies were worth $82,692,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in DELL. Kercheville Advisors LLC grew its position in shares of Dell Technologies by 13.6% in the third quarter. Kercheville Advisors LLC now owns 18,800 shares of the technology company’s stock valued at $10,113,000 after purchasing an additional 2,250 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Dell Technologies during the second quarter worth approximately $5,913,000. Gabelli Funds LLC increased its stake in shares of Dell Technologies by 49.0% during the first quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company’s stock worth $7,565,000 after purchasing an additional 15,150 shares during the period. Segall Bryant & Hamill LLC acquired a new stake in Dell Technologies during the 1st quarter worth approximately $5,930,000. Finally, Jackson Square Capital LLC lifted its holdings in shares of Dell Technologies by 15.1% during the third quarter. Jackson Square Capital LLC now owns 17,115 shares of the technology company’s stock worth $9,207,000 after buying an additional 2,243 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $565.00 to $635.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Cantor Fitzgerald began coverage on shares of Dell Technologies in a research report on Wednesday, September 2nd. They issued an “overweight” rating for the company. Royal Bank Of Canada assumed coverage on Dell Technologies in a research note on Thursday, September 10th. They issued an “outperform” rating and a $640.00 price target for the company. Susquehanna reissued a “positive” rating on shares of Dell Technologies in a research report on Tuesday, September 29th. Finally, Melius Research raised their price objective on Dell Technologies from $650.00 to $735.00 and gave the stock a “buy” rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $569.96.

Dell Technologies Price Performance

Shares of DELL opened at $371.83 on Friday. The firm has a 50 day simple moving average of $496.81 and a two-hundred day simple moving average of $341.25. Dell Technologies Inc. has a one year low of $110.22 and a one year high of $595.51. The company has a market cap of $236.41 billion, a P/E ratio of 21.58, a P/E/G ratio of 0.39 and a beta of 1.45.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. During the same quarter last year, the business 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, analysts expect that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Tuesday, October 20th were paid a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.7%. Dell Technologies’s dividend payout ratio (DPR) is 14.63%.

Dell Technologies News Summary

These are some of the DELL news items that stood out recently:

• Positive Sentiment: Dell’s reported $95 billion AI-server backlog and increased spending plans from cloud customer CoreWeave support the outlook for AI infrastructure demand. Dell Has a $95 Billion AI Server Backlog. Is the Stock a Buy?
• Neutral Sentiment: Dell plans a $12 million renovation at its Austin campus. The coverage offered no clear indication of a material effect on earnings or operations. Texas Tech giant plans $12M renovation at Austin campus
• Negative Sentiment: DELL declined alongside other AI-server stocks as reports that Nvidia’s board may consider CEO Jensen Huang’s departure unsettled the AI trade. The broad market reaction outweighed optimism around a large forecast for AI-server spending. Nvidia, Dell, Super Micro, Sandisk, and More Stocks That Explain Today’s Market

Insiders Place Their Bets

In other news, Director Egon Durban sold 1,850 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $548.40, for a total value of $1,014,540.00. Following the completion of the transaction, the director owned 1,405,236 shares of the company’s stock, valued at approximately $770,631,422.40. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Spv-2 L.P. Sl sold 44,408 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $25,469,802. The trade was a 50.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,819,650 shares of company stock valued at $991,183,596 over the last ninety days. 41.50% of the stock is owned by insiders.

About Dell Technologies

Dell Technologies is a global technology company that develops, sells and supports computers and related infrastructure. Its products include personal computers, workstations, monitors and peripherals, as well as servers, storage systems and networking equipment for businesses and other organizations. The company also provides technology services and solutions, including support, consulting and offerings related to cloud computing, data management and cybersecurity. Dell serves consumers, businesses, governments and other institutions in markets around the world.