Assenagon Asset Management S.A. Buys 157,432 Shares of Dell Technologies Inc. $DELL

Assenagon Asset Management S.A. boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 98.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 317,625 shares of the technology company’s stock after purchasing an additional 157,432 shares during the period. Assenagon Asset Management S.A.’s holdings in Dell Technologies were worth $45,030,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Brighton Jones LLC increased its position in shares of Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after purchasing an additional 901 shares during the last quarter. American Century Companies Inc. increased its holdings in Dell Technologies by 14.4% during the first quarter. American Century Companies Inc. now owns 29,962 shares of the technology company’s stock valued at $2,731,000 after buying an additional 3,763 shares during the last quarter. Versor Investments LP bought a new position in Dell Technologies in the first quarter worth approximately $310,000. Brooklyn Investment Group boosted its stake in shares of Dell Technologies by 93.6% during the 1st quarter. Brooklyn Investment Group now owns 1,181 shares of the technology company’s stock worth $108,000 after acquiring an additional 571 shares during the last quarter. Finally, Korea Investment CORP raised its holdings in Dell Technologies by 9.0% in the 1st quarter. Korea Investment CORP now owns 243,485 shares of the technology company’s stock worth $22,194,000 after purchasing an additional 20,081 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $122.86 on Friday. The company has a market cap of $82.61 billion, a P/E ratio of 16.38, a P/E/G ratio of 0.86 and a beta of 1.03. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $168.08. The firm’s fifty day moving average is $141.44 and its two-hundred day moving average is $132.72.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.12. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.The firm had revenue of $27.01 billion for the quarter, compared to analysts’ expectations of $27.26 billion. During the same period in the previous year, the firm posted $2.15 earnings per share. The business’s revenue was up 10.8% compared to the same quarter last year. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS and its Q4 2026 guidance at 3.500-3.500 EPS. As a group, analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date is Tuesday, January 20th. Dell Technologies’s dividend payout ratio is currently 28.00%.

Insider Transactions at Dell Technologies

In related news, Director Egon Durban sold 71,000 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $138.12, for a total value of $9,806,520.00. Following the sale, the director owned 1,172,428 shares in the company, valued at approximately $161,935,755.36. The trade was a 5.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ellen Jamison Kullman sold 79,806 shares of the stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $153.56, for a total transaction of $12,255,009.36. Following the transaction, the director owned 65,662 shares of the company’s stock, valued at $10,083,056.72. This trade represents a 54.86% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 3,124,859 shares of company stock valued at $459,133,225 in the last 90 days. Company insiders own 42.00% of the company’s stock.

Wall Street Analysts Forecast Growth

DELL has been the subject of several recent research reports. Wells Fargo & Company boosted their price target on Dell Technologies from $160.00 to $180.00 and gave the company an “overweight” rating in a report on Wednesday, October 8th. Citic Securities boosted their price objective on Dell Technologies from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 28th. Evercore ISI set a $180.00 price target on shares of Dell Technologies and gave the stock an “outperform” rating in a research report on Monday, November 3rd. UBS Group decreased their price objective on shares of Dell Technologies from $186.00 to $167.00 and set a “buy” rating on the stock in a research report on Wednesday, November 26th. Finally, Piper Sandler reaffirmed an “overweight” rating on shares of Dell Technologies in a report on Wednesday, November 26th. Sixteen investment analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $162.84.

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).