Allstate Corp Buys New Shares in Dell Technologies Inc. $DELL

Allstate Corp bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 12,218 shares of the technology company’s stock, valued at approximately $1,732,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Winnow Wealth LLC acquired a new stake in Dell Technologies during the second quarter worth about $25,000. Westside Investment Management Inc. boosted its stake in shares of Dell Technologies by 84.7% in the second quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after acquiring an additional 100 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of Dell Technologies during the second quarter worth $28,000. NewSquare Capital LLC grew its stake in Dell Technologies by 96.9% during the 2nd quarter. NewSquare Capital LLC now owns 254 shares of the technology company’s stock valued at $31,000 after acquiring an additional 125 shares in the last quarter. Finally, Johnson Financial Group Inc. grew its position in shares of Dell Technologies by 66.2% in the second quarter. Johnson Financial Group Inc. now owns 251 shares of the technology company’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DELL has been the topic of several recent research reports. Argus boosted their price target on shares of Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Barclays raised shares of Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $148.00 target price on the stock in a research note on Thursday, January 15th. Bank of America increased their price target on shares of Dell Technologies from $160.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Raymond James Financial lifted their price target on shares of Dell Technologies from $161.00 to $166.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Dell Technologies in a research note on Wednesday, October 8th. Eighteen research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $161.26.

Dell Technologies Stock Performance

NYSE DELL opened at $111.10 on Wednesday. The firm has a market cap of $73.62 billion, a price-to-earnings ratio of 14.81, a PEG ratio of 0.81 and a beta of 1.03. The firm has a 50 day simple moving average of $127.73 and a 200-day simple moving average of $133.95. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $168.08.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.47 by $0.12. The company had revenue of $27.01 billion for the quarter, compared to analyst estimates of $27.26 billion. Dell Technologies had a net margin of 5.01% and a negative return on equity of 234.84%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business 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. Equities analysts predict 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, January 30th. Stockholders of record on Tuesday, January 20th will be given a dividend of $0.525 per share. The ex-dividend date of this dividend is Tuesday, January 20th. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.9%. Dell Technologies’s payout ratio is currently 28.00%.

Insider Buying and Selling at Dell Technologies

In related news, Director Egon Durban sold 71,000 shares of Dell Technologies stock in a transaction that occurred 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 completion of the transaction, the director owned 1,172,428 shares in the company, valued at $161,935,755.36. The trade was a 5.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 42.00% of the company’s stock.

About Dell Technologies

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.