Dell Technologies Inc. $DELL Stock: Jackson Square Capital LLC Increases Position

Jackson Square Capital LLC grew its position in Dell Technologies Inc. (NYSE:DELL) by 15.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 17,115 shares of the technology company’s stock after purchasing an additional 2,243 shares during the period. Dell Technologies comprises about 1.4% of Jackson Square Capital LLC’s portfolio, making the stock its 21st largest holding. Jackson Square Capital LLC’s holdings in Dell Technologies were worth $9,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently made changes to their positions in DELL. Noble Wealth Management PBC grew its position in 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 purchasing an additional 25 shares in the last quarter. Cornerstone Financial Management LLC increased its stake in Dell Technologies by 56.1% in the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock valued at $28,000 after buying an additional 23 shares during the last quarter. Premier Financial Group purchased a new stake in Dell Technologies in the 2nd quarter valued at about $34,000. Portus Wealth Advisors LLC bought a new position in shares of Dell Technologies during the 1st quarter worth approximately $35,000. Finally, Byrne Asset Management LLC bought a new position in shares of Dell Technologies during the 2nd quarter worth approximately $38,000. 76.37% of the stock is owned by institutional investors.

Dell Technologies Price Performance

Shares of NYSE DELL traded up $9.51 during trading on Monday, reaching $461.22. 3,239,147 shares of the stock traded hands, compared to its average volume of 8,291,422. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $595.51. The company has a 50-day moving average of $514.56 and a 200-day moving average of $394.91. The stock has a market capitalization of $293.25 billion, a P/E ratio of 26.79, a price-to-earnings-growth ratio of 0.47 and a beta of 1.37.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share 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 company had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same quarter last year, the firm posted $1.70 EPS. The firm’s revenue for the quarter was up 57.7% on a year-over-year basis. 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. 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 announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be paid a $0.63 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.5%. Dell Technologies’s dividend payout ratio (DPR) is presently 14.63%.

Insider Activity

In other news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the sale, the director directly owned 64,209 shares in the company, valued at $33,217,884.06. This represents a 58.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the stock in a transaction that occurred 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 completion of the sale, the director owned 73,185 shares in the company, valued at $37,861,527.90. This represents a 53.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 1,817,628 shares of company stock valued at $990,253,476 in the last quarter. Corporate insiders own 41.50% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on DELL. UBS Group restated an “outperform” rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a report on Thursday, September 3rd. They set a “hold” rating and a $480.00 price target on the stock. Truist Financial boosted their price objective on Dell Technologies from $360.00 to $505.00 and gave the stock a “hold” rating in a research report on Wednesday, September 2nd. Cantor Fitzgerald began coverage on Dell Technologies in a research report on Wednesday, September 2nd. They set an “overweight” rating for the company. Finally, Raymond James Financial lifted their target price on Dell Technologies from $500.00 to $617.00 and gave the stock an “outperform” 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 issued a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $569.96.

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.