Dell Technologies Inc. $DELL Shares Sold by Fifth Third Bancorp

Fifth Third Bancorp reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 3.1% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 89,367 shares of the technology company’s stock after selling 2,851 shares during the quarter. Fifth Third Bancorp’s holdings in Dell Technologies were worth $48,075,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of DELL. Bank of America Corp DE raised its holdings in Dell Technologies by 7.6% in 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 acquiring an additional 1,011,101 shares during the period. Wellington Management Group LLP boosted its holdings in Dell Technologies by 140.1% during the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock valued at $1,090,294,000 after acquiring an additional 1,474,347 shares during the period. Robeco Institutional Asset Management B.V. boosted its holdings in Dell Technologies by 107.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 651,154 shares of the technology company’s stock valued at $350,288,000 after acquiring an additional 337,836 shares during the period. NewEdge Advisors LLC boosted its holdings in Dell Technologies by 5.0% during the second quarter. NewEdge Advisors LLC now owns 480,589 shares of the technology company’s stock valued at $207,355,000 after acquiring an additional 22,924 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Dell Technologies by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company’s stock valued at $157,869,000 after purchasing an additional 27,668 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of Dell Technologies 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 $47,176,751.94. Following the sale, the director owned 64,209 shares of the company’s stock, valued at approximately $33,217,884.06. This trade represents a 58.68% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value of $42,942,324.04. Following the sale, the director owned 73,185 shares in the company, valued at approximately $37,861,527.90. This represents a 53.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 1,819,650 shares of company stock valued at $991,183,596. Insiders own 41.50% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $371.83 on Friday. The firm’s 50-day moving average is $496.81 and its 200-day moving average is $341.25. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $595.51. The company has a market cap of $236.41 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 0.39 and a beta of 1.45.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. 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. Equities analysts predict that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Announces Dividend

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

Dell Technologies News Summary

Investors following DELL have been watching these news items:

• 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?
• 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
• Negative Sentiment: DELL declined alongside other AI-server stocks as reports that Nvidia’s board may consider CEO Jensen Huang’s departure unsettled the AI trade. The broad market reaction outweighed optimism around a large forecast for AI-server spending. Nvidia, Dell, Super Micro, Sandisk, and More Stocks That Explain Today’s Market

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DELL shares. Melius Research boosted their price objective on Dell Technologies from $650.00 to $735.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. US Capital Advisors set a $625.00 target price on Dell Technologies in a report on Wednesday, September 2nd. Royal Bank Of Canada started coverage on Dell Technologies in a research report on Thursday, September 10th. They issued an “outperform” rating and a $640.00 price target on the stock. Sanford C. Bernstein upped their price target on Dell Technologies from $500.00 to $650.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Finally, Deutsche Bank started coverage on Dell Technologies in a research report on Thursday, September 3rd. They issued a “hold” rating and a $480.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and an average price target of $569.96.

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.