Voya Investment Management LLC Sells 602,443 Shares of Dell Technologies Inc. $DELL

Voya Investment Management LLC lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 86.2% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 96,165 shares of the technology company’s stock after selling 602,443 shares during the period. Voya Investment Management LLC’s holdings in Dell Technologies were worth $8,765,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in Dell Technologies by 4.1% during the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock worth $2,653,032,000 after buying an additional 1,145,658 shares during the last quarter. Boston Partners increased its stake in shares of Dell Technologies by 34.4% in the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock worth $466,418,000 after purchasing an additional 1,312,600 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Dell Technologies by 38.1% in the first quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after purchasing an additional 1,142,012 shares in the last quarter. Alkeon Capital Management LLC increased its stake in shares of Dell Technologies by 41.4% in the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock worth $289,657,000 after purchasing an additional 931,032 shares in the last quarter. Finally, Invesco Ltd. increased its stake in shares of Dell Technologies by 20.5% in the first quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company’s stock worth $269,150,000 after purchasing an additional 502,764 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the subject of several recent research reports. The Goldman Sachs Group set a $140.00 target price on shares of Dell Technologies and gave the stock a “buy” rating in a research note on Thursday, August 28th. Wall Street Zen upgraded shares of Dell Technologies from a “hold” rating to a “buy” rating in a research report on Saturday. Evercore ISI lifted their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company an “outperform” rating in a research report on Friday, August 15th. Barclays boosted their price objective on shares of Dell Technologies from $123.00 to $131.00 and gave the stock an “equal weight” rating in a report on Friday, August 29th. Finally, TD Cowen lifted their target price on shares of Dell Technologies from $125.00 to $130.00 and gave the stock a “hold” rating in a research note on Friday, August 29th. Fifteen investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $148.00.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 6,086 shares of the stock in a transaction that occurred on Thursday, July 17th. The stock was sold at an average price of $123.50, for a total transaction of $751,621.00. Following the completion of the transaction, the director directly owned 986,261 shares in the company, valued at approximately $121,803,233.50. This represents a 0.61% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director William D. Green sold 50,000 shares of the stock in a transaction that occurred on Monday, August 11th. The shares were sold at an average price of $140.00, for a total value of $7,000,000.00. Following the transaction, the director owned 45,045 shares of the company’s stock, valued at $6,306,300. This represents a 52.61% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 11,527,667 shares of company stock worth $1,417,204,568. Insiders own 42.00% of the company’s stock.

Dell Technologies Stock Performance

DELL opened at $127.64 on Wednesday. The stock has a market capitalization of $85.82 billion, a P/E ratio of 18.77, a P/E/G ratio of 0.87 and a beta of 1.01. The company’s 50-day simple moving average is $129.46 and its two-hundred day simple moving average is $111.29. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $147.66.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 EPS for the quarter, beating the consensus estimate of $2.29 by $0.03. The firm had revenue of $29.78 billion during the quarter, compared to analyst estimates of $29.14 billion. Dell Technologies had a net margin of 4.73% and a negative return on equity of 236.21%. The business’s revenue for the quarter was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.89 EPS. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is 30.88%.

Dell Technologies Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).