BDF Gestion Purchases 4,601 Shares of Dell Technologies Inc. $DELL

BDF Gestion purchased a new position in Dell Technologies Inc. (NYSE:DELL) in the third quarter, HoldingsChannel.com reports. The fund purchased 4,601 shares of the technology company’s stock, valued at approximately $2,475,000.

Several other institutional investors and hedge funds have also made changes to their positions in DELL. Collective Family Office LLC increased its position 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 valued at $699,000 after purchasing an additional 19 shares during the last quarter. Cornerstone Financial Management LLC boosted its holdings 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 worth $28,000 after buying an additional 23 shares during the last quarter. Noble Wealth Management PBC boosted its holdings in shares of Dell Technologies by 113.6% in the 3rd quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock worth $25,000 after buying an additional 25 shares during the last quarter. Retirement Wealth Solutions LLC grew its position in Dell Technologies by 41.3% during the third quarter. Retirement Wealth Solutions LLC now owns 89 shares of the technology company’s stock valued at $48,000 after buying an additional 26 shares during the period. Finally, Bill Few Associates Inc. increased its holdings in Dell Technologies by 4.5% during the third quarter. Bill Few Associates Inc. now owns 690 shares of the technology company’s stock worth $371,000 after buying an additional 30 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on DELL. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Dell Technologies in a research report on Friday, October 9th. Fox Advisors raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $625.00 target price for the company in a research report on Wednesday, September 2nd. Daiwa Securities Group raised their price target 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. Raymond James Financial raised their price target on shares of Dell Technologies from $500.00 to $617.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Finally, Wells Fargo & Company lifted their price target on shares of Dell Technologies from $505.00 to $545.00 and gave the stock an “overweight” rating in a report on Friday, August 14th. One equities research 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 company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $569.96.

Dell Technologies Stock Up 2.2%

DELL traded up $9.75 during trading hours on Monday, hitting $461.46. The stock had a trading volume of 3,189,906 shares, compared to its average volume of 8,291,422. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $595.51. The company’s fifty day simple moving average is $514.56 and its 200 day simple moving average is $394.91. The stock has a market cap of $293.40 billion, a PE ratio of 26.81, a price-to-earnings-growth ratio of 0.47 and a beta of 1.37.

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

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be given a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.5%. Dell Technologies’s payout ratio is 14.63%.

Insider Activity at Dell Technologies

In related news, Director Egon Durban sold 1,850 shares of the firm’s stock in a transaction that occurred on 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 directly owned 1,405,236 shares of the company’s stock, valued at approximately $770,631,422.40. This trade represents a 0.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Spv-2 L.P. Sl sold 44,408 shares of the business’s stock in a transaction 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 sale, the director directly owned 43,740 shares in the company, valued at $25,469,802. The trade was a 50.38% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,817,628 shares of company stock worth $990,253,476 in the last ninety days. Insiders own 41.50% of the company’s stock.

About Dell Technologies

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.