5,259 Dell Technologies Inc. $DELL Shares Sold by Woodmont Investment Counsel LLC

Woodmont Investment Counsel LLC lowered its stake in Dell Technologies Inc. (NYSE:DELL) by 7.4% in the 3rd quarter, Holdings Channel.com reports. The firm owned 65,704 shares of the technology company’s stock after selling 5,259 shares during the period. Dell Technologies makes up 1.9% of Woodmont Investment Counsel LLC’s holdings, making the stock its 13th biggest holding. Woodmont Investment Counsel LLC’s holdings in Dell Technologies were worth $35,345,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Bank of America Corp DE grew its stake in Dell Technologies by 7.6% in the first quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock worth $2,362,624,000 after purchasing an additional 1,011,101 shares in the last quarter. Wellington Management Group LLP increased its holdings in Dell Technologies by 140.1% in the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock valued at $1,090,294,000 after buying an additional 1,474,347 shares during the last quarter. Robeco Institutional Asset Management B.V. increased its holdings in Dell Technologies by 107.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 651,154 shares of the technology company’s stock valued at $350,288,000 after buying an additional 337,836 shares during the last quarter. NewEdge Advisors LLC raised its stake in Dell Technologies by 5.0% during the second quarter. NewEdge Advisors LLC now owns 480,589 shares of the technology company’s stock valued at $207,355,000 after buying an additional 22,924 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in Dell Technologies by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company’s stock valued at $157,869,000 after buying an additional 27,668 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of Dell Technologies stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the sale, the director owned 64,209 shares of the company’s stock, valued at $33,217,884.06. The trade was a 58.68% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total value of $42,942,324.04. Following the transaction, the director owned 73,185 shares of the company’s stock, valued at $37,861,527.90. This trade represents a 53.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,819,650 shares of company stock valued at $991,183,596. Insiders own 41.50% of the company’s stock.

Dell Technologies Stock Down 0.2%

DELL stock opened at $423.63 on Monday. The stock has a market cap of $269.35 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The firm’s 50-day simple moving average is $513.74 and its 200 day simple moving average is $330.29. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $595.51.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The firm had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same period in the previous year, the business posted $1.70 EPS. Dell Technologies’s revenue was up 57.7% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. Equities analysts forecast that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, October 20th. Dell Technologies’s payout ratio is 14.63%.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Daiwa Securities Group lifted their target price on Dell Technologies from $465.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, September 18th. TD Cowen upped their price target on Dell Technologies from $500.00 to $550.00 and gave the company a “hold” rating in a research report on Tuesday, September 29th. Citigroup upped their price target on Dell Technologies from $515.00 to $600.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Barclays cut Dell Technologies from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $603.00 to $574.00 in a research note on Wednesday, October 14th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus price target of $569.96.

Dell Technologies Profile

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.