Kestra Investment Management LLC Sells 7,263 Shares of Dell Technologies Inc. $DELL

Kestra Investment Management LLC cut its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 45.9% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 8,571 shares of the technology company’s stock after selling 7,263 shares during the period. Kestra Investment Management LLC’s holdings in Dell Technologies were worth $4,611,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Bank of America Corp DE increased its position in shares of Dell Technologies by 7.6% during the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock worth $2,362,624,000 after purchasing an additional 1,011,101 shares during the last quarter. Wellington Management Group LLP boosted its holdings in shares of Dell Technologies by 140.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock valued at $1,090,294,000 after buying an additional 1,474,347 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Dell Technologies by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company’s stock valued at $157,869,000 after buying an additional 27,668 shares during the last quarter. Swiss National Bank grew its stake in shares of Dell Technologies by 4.7% in the first quarter. Swiss National Bank now owns 931,008 shares of the technology company’s stock valued at $152,806,000 after buying an additional 41,700 shares in the last quarter. Finally, Amundi grew its stake in shares of Dell Technologies by 5.8% in the first quarter. Amundi now owns 845,709 shares of the technology company’s stock valued at $138,806,000 after buying an additional 46,240 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Up 5.5%

Shares of DELL stock opened at $346.50 on Tuesday. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $595.51. The company has a market capitalization of $220.30 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 0.39 and a beta of 1.45. The firm has a 50 day moving average price of $502.66 and a two-hundred day moving average price of $337.59.

Dell Technologies (NYSE:DELL) last posted its earnings results 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 company had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The firm’s revenue for the quarter was up 57.7% on a year-over-year basis. During the same quarter in the prior year, the business 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, research analysts expect that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Dividend Announcement

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

Analyst Ratings Changes

A number of equities analysts recently weighed in on DELL shares. Cantor Fitzgerald initiated coverage on shares of Dell Technologies in a report on Wednesday, September 2nd. They set an “overweight” rating on the stock. Royal Bank Of Canada initiated coverage on shares of Dell Technologies in a research note on Thursday, September 10th. They issued an “outperform” rating and a $640.00 price target for the company. Truist Financial lifted their price objective on shares of Dell Technologies from $360.00 to $505.00 and gave the company a “hold” rating in a research report on Wednesday, September 2nd. Bank of America boosted their price objective on shares of Dell Technologies from $505.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Finally, Raymond James Financial upped their target price on shares of Dell Technologies from $500.00 to $617.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus target price of $569.96.

Insiders Place Their Bets

In other Dell Technologies 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 transaction, the director owned 73,185 shares in the company, valued at $37,861,527.90. This trade represents a 53.14% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of Dell Technologies stock in a transaction on 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 directly owned 64,209 shares of the company’s stock, valued at $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 ninety days, insiders sold 1,819,650 shares of company stock worth $991,183,596. Insiders own 41.50% of the company’s stock.

Dell Technologies News Roundup

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

• Positive Sentiment: Dell’s AI momentum is supported by strong server demand, a reported $95 billion backlog and raised FY2027 guidance. These factors underpin the stock’s longer-term growth case, although investors will look for execution to sustain it. Article: DELL Rallies 130% in a Year: Can AI Momentum Fuel More Gains?
• Positive Sentiment: Dell expanded cyber-recovery capabilities aimed at protecting AI and identity systems, adding to its offerings in areas that may benefit from growing enterprise technology needs. Article: Dell expands cyber recovery to protect AI and identity systems
• Positive Sentiment: A collaboration with Dubai Electricity and Water Authority to improve smart-infrastructure resilience could provide a further showcase for Dell’s technology in infrastructure projects. Article: DEWA, Dell Technologies collaborate to enhance smart infrastructure resilience
• Negative Sentiment: Despite the AI growth story, Dell and other AI hardware stocks recently suffered a sharp selloff, giving back a significant portion of earlier gains. Upcoming earnings and cash-flow results may determine whether a recovery is sustainable. Article: Dell and HPE Were AI Winners Until the Selloff. Can Earnings Put Them Back on Track?

Dell Technologies Company Profile

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.