3,838 Dell Technologies Inc. $DELL Shares Acquired by Ethic Inc.

Ethic Inc. increased its position in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) by 8.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 51,991 shares of the technology company’s stock after buying an additional 3,838 shares during the period. Ethic Inc.’s holdings in Dell Technologies were worth $27,969,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Verus Capital Partners LLC boosted its position in Dell Technologies by 28.1% during the third quarter. Verus Capital Partners LLC now owns 766 shares of the technology company’s stock valued at $412,000 after acquiring an additional 168 shares during the last quarter. Parallel Advisors LLC raised its position in shares of Dell Technologies by 1.7% in the 3rd quarter. Parallel Advisors LLC now owns 9,554 shares of the technology company’s stock worth $5,140,000 after acquiring an additional 159 shares in the last quarter. United Advisor Group LLC raised its position in shares of Dell Technologies by 2.6% in the 3rd quarter. United Advisor Group LLC now owns 2,354 shares of the technology company’s stock worth $1,266,000 after acquiring an additional 59 shares in the last quarter. Prudent Man Investment Management Inc. bought a new position in shares of Dell Technologies in the 3rd quarter worth about $101,000. Finally, Plancorp LLC lifted its stake in shares of Dell Technologies by 20.3% in the 3rd quarter. Plancorp LLC now owns 1,417 shares of the technology company’s stock valued at $762,000 after purchasing an additional 239 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insiders Place Their Bets

In related news, Director Lynn Vojvodich Radakovich sold 2,022 shares of the company’s stock in a transaction that occurred on Thursday, October 22nd. The stock was sold at an average price of $460.00, for a total transaction of $930,120.00. Following the transaction, the director directly owned 25,686 shares of the company’s stock, valued at approximately $11,815,560. This represents a 7.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 value of $1,055,520.00. Following the completion of the transaction, the director owned 1,404,569 shares in the company, valued at approximately $823,639,261.60. The trade was a 0.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,819,650 shares of company stock worth $991,183,596 over the last three months. Insiders own 41.50% of the company’s stock.

Dell Technologies News Roundup

Here are the key news stories impacting Dell Technologies this week:

Dell Technologies Trading Up 3.8%

NYSE:DELL opened at $329.02 on Friday. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $595.51. The stock has a market capitalization of $209.19 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.34 and a beta of 1.45. The firm has a fifty day simple moving average of $504.83 and a two-hundred day simple moving average of $336.43.

Dell Technologies (NYSE:DELL – Get Free Report) last announced 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 net margin of 7.53% and a negative return on equity of 578.85%. The firm had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. The business’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. Equities analysts predict that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Tuesday, October 20th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Tuesday, October 20th. Dell Technologies’s payout ratio is presently 14.63%.

Analysts Set New Price Targets

Several equities research analysts recently commented on the company. Mizuho upped 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. Susquehanna reaffirmed a “positive” rating on shares of Dell Technologies in a research note on Tuesday, September 29th. Melius Research lifted their target price on Dell Technologies from $650.00 to $735.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Truist Financial boosted their price target on Dell Technologies from $360.00 to $505.00 and gave the company a “hold” rating in a research note on Wednesday, September 2nd. Finally, Piper Sandler reissued an “overweight” rating and issued a $558.00 price target (up from $497.00) on shares of Dell Technologies in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $569.96.

View Our Latest Analysis on Dell Technologies

Dell Technologies Profile

(Free Report)

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.

Founded by Michael Dell in 1984, the company is headquartered in Round Rock, Texas.

Further Reading

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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