Red Door Wealth Management LLC Has $13.98 Million Stock Holdings in Dell Technologies Inc. $DELL

Red Door Wealth Management LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 4.3% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 98,581 shares of the technology company’s stock after buying an additional 4,045 shares during the quarter. Dell Technologies makes up approximately 1.5% of Red Door Wealth Management LLC’s portfolio, making the stock its 16th largest position. Red Door Wealth Management LLC’s holdings in Dell Technologies were worth $13,976,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Norges Bank acquired a new position in shares of Dell Technologies in the second quarter valued at about $528,279,000. AQR Capital Management LLC boosted its holdings in Dell Technologies by 628.5% in 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 purchasing an additional 1,185,454 shares during the period. Alkeon Capital Management LLC grew its position in shares of Dell Technologies by 41.4% during the 1st 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. Ameriprise Financial Inc. increased its holdings in shares of Dell Technologies by 37.1% during 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 during the period. Finally, Boston Partners raised its position in shares of Dell Technologies by 15.0% in the second quarter. Boston Partners now owns 5,904,843 shares of the technology company’s stock valued at $725,586,000 after buying an additional 771,966 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Up 2.8%

Shares of DELL stock opened at $126.37 on Friday. The business has a fifty day simple moving average of $140.96 and a 200 day simple moving average of $132.99. The company has a market cap of $84.97 billion, a P/E ratio of 16.85, a P/E/G ratio of 0.85 and a beta of 1.03. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $168.08.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, November 25th. The technology company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.47 by $0.12. The firm had revenue of $27.01 billion during the quarter, compared to the consensus estimate of $27.26 billion. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.The business’s quarterly revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.15 earnings per share. 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, equities research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Insider Activity

In other news, Director Lake Group L.L.C. Silver sold 6,617 shares of the company’s stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of $151.63, for a total transaction of $1,003,335.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Iv (Gp) L.L.C. Slta sold 499,999 shares of the firm’s stock in a transaction on Wednesday, October 8th. The shares were sold at an average price of $161.48, for a total value of $80,739,838.52. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 3,124,859 shares of company stock valued at $459,133,225. 42.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the company. Sanford C. Bernstein increased their price target on Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. Argus upped their target price on Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research report on Thursday, October 9th. Mizuho increased their target price on Dell Technologies from $170.00 to $175.00 and gave the stock an “outperform” rating in a report on Wednesday, November 26th. Susquehanna boosted their price target on Dell Technologies from $120.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, October 8th. Finally, TD Cowen increased their price objective on shares of Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a research note on Wednesday, October 8th. Sixteen investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $162.84.

Dell Technologies 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.