Dell Technologies Inc. $DELL Stock Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its stake in Dell Technologies Inc. (NYSE:DELL) by 40.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 385,827 shares of the technology company’s stock after purchasing an additional 110,756 shares during the quarter. Russell Investments Group Ltd.’s holdings in Dell Technologies were worth $207,659,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of DELL. Everest Financial Group LLC raised its stake in shares of Dell Technologies by 5.0% during the third quarter. Everest Financial Group LLC now owns 22,868 shares of the technology company’s stock worth $12,302,000 after purchasing an additional 1,098 shares during the last quarter. Werba Rubin Papier Wealth Management lifted its holdings in shares of Dell Technologies by 15.8% during the third quarter. Werba Rubin Papier Wealth Management now owns 710 shares of the technology company’s stock worth $382,000 after purchasing an additional 97 shares during the period. Welch Financial Planning LLC purchased a new position in Dell Technologies in the 3rd quarter valued at $275,000. CENTRAL TRUST Co grew its position in Dell Technologies by 49.3% in the 3rd quarter. CENTRAL TRUST Co now owns 2,718 shares of the technology company’s stock valued at $1,462,000 after buying an additional 897 shares during the last quarter. Finally, King Luther Capital Management Corp grew its position in Dell Technologies by 46.7% in the 3rd quarter. King Luther Capital Management Corp now owns 1,631 shares of the technology company’s stock valued at $877,000 after buying an additional 519 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insiders Place Their Bets

In related news, Director Spv-2 L.P. Sl sold 83,006 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the sale, the director owned 73,185 shares of the company’s stock, valued at $37,861,527.90. This trade represents a 53.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of Dell Technologies stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total value of $47,176,751.94. Following the sale, the director owned 64,209 shares of the company’s stock, valued at approximately $33,217,884.06. This represents a 58.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,819,650 shares of company stock valued at $991,183,596. Insiders own 41.50% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have issued reports on DELL shares. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $625.00 price objective on the stock in a research note on Wednesday, September 2nd. Sanford C. Bernstein raised their target price on shares of Dell Technologies from $500.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Melius Research lifted their target price on shares of Dell Technologies from $650.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Citigroup lifted their price objective on Dell Technologies from $515.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Finally, TD Cowen upped their price target on shares of Dell Technologies from $500.00 to $550.00 and gave the stock a “hold” rating in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $569.96.

Trending Headlines about Dell Technologies

These are some of the DELL headlines 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: Concerns about weaker PC demand and rising costs remain risks, tempering the positive AI backlog outlook. Dell Has a $95 Billion AI Server Backlog. Is the Stock a Buy?

Dell Technologies Price Performance

DELL stock opened at $371.83 on Friday. The company’s 50 day simple moving average is $496.81 and its 200-day simple moving average is $341.25. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $595.51. The firm has a market capitalization of $236.41 billion, a PE 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 quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. During the same period in the previous year, the firm posted $1.70 EPS. The company’s quarterly 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. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were given a dividend of $0.63 per share. 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 presently 14.63%.

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.