Dell Technologies Inc. $DELL Stock: Jacobi Capital Management LLC Grows Position

Jacobi Capital Management LLC boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 51.7% during the third quarter, Holdings Channel reports. The institutional investor owned 11,428 shares of the technology company’s stock after buying an additional 3,894 shares during the period. Jacobi Capital Management LLC’s holdings in Dell Technologies were worth $6,148,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Wellington Management Group LLP increased its stake in shares of Dell Technologies by 140.1% during 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 acquiring an additional 1,474,347 shares during the last quarter. Bank of America Corp DE lifted its holdings 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 acquiring an additional 1,011,101 shares during the period. Robeco Institutional Asset Management B.V. boosted its position in shares of Dell Technologies by 107.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 651,154 shares of the technology company’s stock worth $350,288,000 after acquiring an additional 337,836 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of Dell Technologies by 70.2% in the first quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company’s stock worth $118,432,000 after acquiring an additional 297,500 shares during the last quarter. Finally, Quantinno Capital Management LP grew its holdings in Dell Technologies by 73.4% in the first quarter. Quantinno Capital Management LP now owns 438,347 shares of the technology company’s stock valued at $71,946,000 after purchasing an additional 185,527 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the 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 $47,176,751.94. Following the completion of the sale, the director owned 64,209 shares of the company’s stock, valued at $33,217,884.06. This trade represents a 58.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $37,861,527.90. The trade was a 53.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,819,650 shares of company stock worth $991,183,596 over the last three months. 41.50% of the stock is currently owned by corporate insiders.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $374.67 on Thursday. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $595.51. The stock has a market capitalization of $238.22 billion, a P/E ratio of 21.75, a PEG ratio of 0.35 and a beta of 1.45. The stock has a 50-day simple moving average of $499.22 and a 200-day simple moving average of $339.97.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. During the same quarter in the prior year, the company earned $1.70 EPS. The company’s 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. Analysts predict that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were given a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.7%. Dell Technologies’s dividend payout ratio is presently 14.63%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on DELL. US Capital Advisors set a $625.00 price target on shares of Dell Technologies in a research report on Wednesday, September 2nd. JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $565.00 to $635.00 and gave the company an “overweight” rating in a report on Wednesday, September 2nd. Susquehanna reiterated a “positive” rating on shares of Dell Technologies in a report on Tuesday, September 29th. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $505.00 to $545.00 and gave the company an “overweight” rating in a research note on Friday, August 14th. Finally, Truist Financial upped their price objective on Dell Technologies from $360.00 to $505.00 and gave the stock a “hold” rating in a 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 company. Based on data from MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and an average target price of $569.96.

Key Dell Technologies News

These are some of the DELL news items that stood out recently:

• Positive Sentiment: A broader technology and AI-server stock rebound also supported Dell shares after a steep recent sell-off. Article: Dell Jumps as AI Server Stocks Rebound
• Neutral Sentiment: Investors are weighing Dell’s AI opportunity against execution risks: coverage highlights potential pressure from weak PC demand, rising costs and the profitability mix of its AI-server business. Article: Dell Has a $95 Billion AI Server Backlog. Is the Stock a Buy?
• Negative Sentiment: Recent weakness has also reflected analyst downgrade pressure, concerns about PC shipments and memory costs, and fears that Texas data-center restrictions could weigh on AI infrastructure growth. These issues remain risks despite the rebound. Article: Dell Falls as Downgrade Pressure and Weak PC Demand Concerns Weigh on Sentiment

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.