Wealthfront Advisers LLC Purchases 7,539 Shares of Dell Technologies Inc. $DELL

Wealthfront Advisers LLC boosted its holdings in Dell Technologies Inc. (NYSE:DELLFree Report) by 14.3% in the first quarter, according to its most recent filing with the SEC. The institutional investor owned 60,425 shares of the technology company’s stock after buying an additional 7,539 shares during the period. Wealthfront Advisers LLC’s holdings in Dell Technologies were worth $9,918,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Commonwealth Retirement Investments LLC bought a new position in shares of Dell Technologies in the fourth quarter worth about $25,000. Rossby Financial LCC raised its stake in Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares during the period. Navalign LLC bought a new stake in Dell Technologies during the 4th quarter valued at approximately $29,000. Kemnay Advisory Services Inc. purchased a new position in Dell Technologies in the 4th quarter worth approximately $29,000. Finally, WealthCollab LLC lifted its holdings in Dell Technologies by 82.0% in the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the business’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $457.99, for a total value of $86,928,791.95. Following the sale, the director directly owned 24,287 shares in the company, valued at $11,123,203.13. The trade was a 88.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Spv-2 L.P. Sl sold 175,901 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the sale, the director owned 36,659 shares in the company, valued at $16,789,455.41. This represents a 82.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 3,434,758 shares of company stock valued at $1,448,870,683 over the last three months. Corporate insiders own 41.50% of the company’s stock.

Trending Headlines about Dell Technologies

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Analysts Set New Price Targets

DELL has been the topic of several recent analyst reports. CLSA upgraded shares of Dell Technologies to an “outperform” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $280.00 to $500.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Loop Capital raised their target price on shares of Dell Technologies from $150.00 to $550.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Weiss Ratings upgraded shares of Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 15th. Finally, Morgan Stanley boosted their price target on shares of Dell Technologies from $448.00 to $477.00 and gave the stock an “equal weight” rating in a research note on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $492.76.

Read Our Latest Stock Analysis on DELL

Dell Technologies Price Performance

Shares of DELL opened at $397.18 on Friday. The stock has a market capitalization of $257.42 billion, a price-to-earnings ratio of 31.55, a price-to-earnings-growth ratio of 0.84 and a beta of 1.31. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $469.47. The business’s 50 day simple moving average is $372.69 and its 200-day simple moving average is $228.67.

Dell Technologies (NYSE:DELLGet Free Report) last posted its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, beating analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The firm had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. During the same period last year, the firm posted $1.55 earnings per share. Dell Technologies’s revenue for the quarter was up 87.5% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. On average, sell-side analysts expect that Dell Technologies Inc. will post 17.74 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, July 21st. Dell Technologies’s dividend payout ratio (DPR) is presently 20.02%.

Dell Technologies Company Profile

(Free Report)

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

Further Reading

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

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