Dell Technologies Inc. $DELL Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 3.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 1,637,121 shares of the technology company’s stock after selling 60,197 shares during the period. Bank of New York Mellon Corp owned approximately 0.24% of Dell Technologies worth $232,095,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Dell Technologies in the second quarter valued at approximately $528,279,000. AQR Capital Management LLC boosted its stake in Dell Technologies by 628.5% during the 2nd quarter. AQR Capital Management LLC now owns 1,374,078 shares of the technology company’s stock valued at $168,462,000 after acquiring an additional 1,185,454 shares during the last quarter. Ameriprise Financial Inc. grew its stake in Dell Technologies by 37.1% in the second quarter. Ameriprise Financial Inc. now owns 3,203,732 shares of the technology company’s stock worth $392,802,000 after purchasing an additional 867,071 shares in the last quarter. Jennison Associates LLC grew its position in shares of Dell Technologies by 189.4% in the 3rd quarter. Jennison Associates LLC now owns 1,187,965 shares of the technology company’s stock worth $168,418,000 after acquiring an additional 777,541 shares in the last quarter. Finally, Boston Partners boosted its holdings in Dell Technologies by 15.0% in the second quarter. Boston Partners now owns 5,904,843 shares of the technology company’s stock worth $725,586,000 after purchasing an additional 771,966 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In related news, Director Egon Durban sold 71,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $138.12, for a total value of $9,806,520.00. Following the completion of the sale, the director directly owned 1,172,428 shares in the company, valued at approximately $161,935,755.36. The trade was a 5.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 42.00% of the company’s stock.

Dell Technologies Stock Down 3.5%

Dell Technologies stock opened at $114.39 on Friday. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08. The company’s fifty day simple moving average is $126.00 and its 200-day simple moving average is $133.27. The stock has a market cap of $75.81 billion, a P/E ratio of 15.25, a P/E/G ratio of 0.79 and a beta of 1.03.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share (EPS) for the quarter, beating 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 business had revenue of $27.01 billion during the quarter, compared to analyst estimates of $27.26 billion. The firm’s revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.15 EPS. 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. On average, equities research analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th were given a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, January 20th. Dell Technologies’s dividend payout ratio is presently 28.00%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on DELL. Susquehanna lifted their target price on Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Piper Sandler reaffirmed an “overweight” rating on shares of Dell Technologies in a report on Wednesday, November 26th. Citic Securities increased their price target on Dell Technologies from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 28th. Raymond James Financial lifted their price objective on shares of Dell Technologies from $161.00 to $166.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Finally, UBS Group decreased their target price on Dell Technologies from $186.00 to $167.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $161.26.

Dell Technologies Company Profile

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.