Dell Technologies Inc. $DELL Stock Position Raised by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System grew its position in Dell Technologies Inc. (NYSE:DELL) by 12.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,307 shares of the technology company’s stock after purchasing an additional 1,995 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Dell Technologies were worth $9,848,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisor Resource Council purchased a new stake in Dell Technologies in the 3rd quarter worth $299,000. NBH Bank purchased a new position in shares of Dell Technologies in the third quarter valued at about $37,000. Joel Isaacson & Co. LLC purchased a new position in shares of Dell Technologies in the third quarter valued at about $225,000. Jacobi Capital Management LLC lifted its position in shares of Dell Technologies by 51.7% in the third quarter. Jacobi Capital Management LLC now owns 11,428 shares of the technology company’s stock valued at $6,148,000 after acquiring an additional 3,894 shares in the last quarter. Finally, First Command Advisory Services Inc. boosted its stake in shares of Dell Technologies by 625.6% in the third quarter. First Command Advisory Services Inc. now owns 653 shares of the technology company’s stock worth $351,000 after acquiring an additional 563 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Spv-2 L.P. Sl sold 83,006 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the sale, the director directly owned 73,185 shares in the company, valued at approximately $37,861,527.90. This represents a 53.14% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the company’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the sale, the director 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 SEC filing for this sale provides additional information. Insiders sold a total of 1,819,650 shares of company stock valued at $991,183,596 over the last three months. Corporate insiders own 41.50% of the company’s stock.

Dell Technologies Stock Performance

NYSE DELL opened at $371.83 on Friday. The company has a market capitalization of $236.41 billion, a P/E ratio of 21.58, a P/E/G ratio of 0.39 and a beta of 1.45. Dell Technologies Inc. has a one year low of $110.22 and a one year high of $595.51. The stock has a 50 day moving average price of $496.81 and a 200-day moving average price of $341.25.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results 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 net margin of 7.53% and a negative return on equity of 578.85%. The company had revenue of $46.97 billion for the quarter, compared to analysts’ expectations of $44.89 billion. During the same quarter in the previous year, the business posted $1.70 earnings per share. Dell Technologies’s quarterly revenue 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. As a group, equities analysts predict that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently disclosed 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 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 14.63%.

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?
• Positive Sentiment: Dell and KIOXIA introduced a high-capacity 157-petabyte storage rack, while Dell also launched an AMD-powered AI coding platform—products aimed at enterprise data-center and AI workloads. Why Is Dell Technologies (DELL) Talking Up 157 PB Storage And AI Racks?
• 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

Analysts Set New Price Targets

Several analysts recently issued reports on DELL shares. TD Cowen increased their target price on Dell Technologies from $500.00 to $550.00 and gave the stock a “hold” rating in a research report on Tuesday, September 29th. Deutsche Bank assumed coverage on Dell Technologies in a report on Thursday, September 3rd. They issued a “hold” rating and a $480.00 price target on the stock. Bank of America upped their price target on Dell Technologies from $505.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Piper Sandler reaffirmed an “overweight” rating and set a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a report on Wednesday, September 2nd. Finally, UBS Group reiterated an “outperform” rating on shares of Dell Technologies in a research report 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. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $569.96.

Dell Technologies 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.