Dell Technologies Inc. $DELL Stock Holdings Boosted by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System raised its position in Dell Technologies Inc. (NYSE:DELL) by 12.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 18,307 shares of the technology company’s stock after acquiring an additional 1,995 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Dell Technologies were worth $9,848,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisor Resource Council bought a new position in shares of Dell Technologies during the third quarter valued at approximately $299,000. NBH Bank bought a new stake in Dell Technologies during the 3rd quarter valued at approximately $37,000. Joel Isaacson & Co. LLC purchased a new stake in Dell Technologies in the third quarter worth $225,000. Jacobi Capital Management LLC grew its position in shares of Dell Technologies by 51.7% in the 3rd quarter. Jacobi Capital Management LLC now owns 11,428 shares of the technology company’s stock worth $6,148,000 after buying an additional 3,894 shares during the period. Finally, First Command Advisory Services Inc. grew its holdings in Dell Technologies by 625.6% in the third quarter. First Command Advisory Services Inc. now owns 653 shares of the technology company’s stock worth $351,000 after purchasing an additional 563 shares during the period. 76.37% of the stock is owned by institutional investors.

Trending Headlines about Dell Technologies

Investors following DELL have been watching these headlines:

• Positive Sentiment: Dell’s reported $95 billion AI-server backlog and increased spending plans from cloud customer CoreWeave support the outlook for AI infrastructure demand. Dell Has a $95 Billion AI Server Backlog. Is the Stock a Buy?
• Negative Sentiment: DELL declined alongside other AI-server stocks as reports that Nvidia’s board may consider CEO Jensen Huang’s departure unsettled the AI trade. The broad market reaction outweighed optimism around a large forecast for AI-server spending. Nvidia, Dell, Super Micro, Sandisk, and More Stocks That Explain Today’s Market
• Negative Sentiment: Concerns about weaker PC demand and rising costs remain risks, tempering the positive AI backlog outlook. Dell Has a $95 Billion AI Server Backlog. Is the Stock a Buy?

Dell Technologies Stock Performance

NYSE DELL opened at $371.83 on Friday. Dell Technologies Inc. has a one year low of $110.22 and a one year high of $595.51. The stock has a 50-day moving average of $496.81 and a 200 day moving average of $341.25. The company has a market capitalization of $236.41 billion, a price-to-earnings ratio of 21.58, a PEG ratio of 0.39 and a beta of 1.45.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The firm’s revenue for the quarter was up 57.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 earnings per share. 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. On average, equities analysts predict that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date was Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is currently 14.63%.

Insider Activity

In other news, Director Lynn Vojvodich Radakovich sold 2,022 shares of the company’s stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $460.00, for a total value of $930,120.00. Following the completion of the sale, the director directly owned 25,686 shares in the company, valued at $11,815,560. This represents a 7.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Egon Durban sold 1,850 shares of the firm’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $548.40, for a total value of $1,014,540.00. Following the completion of the transaction, the director directly owned 1,405,236 shares in the company, valued at approximately $770,631,422.40. This represents a 0.13% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 1,819,650 shares of company stock worth $991,183,596. Company insiders own 41.50% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent research reports. Weiss Ratings cut Dell Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research note on Tuesday, November 3rd. UBS Group restated an “outperform” rating on shares of Dell Technologies in a report on Wednesday, September 2nd. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $565.00 to $635.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Truist Financial upped their price target on shares of Dell Technologies from $360.00 to $505.00 and gave the stock a “hold” rating in a research note on Wednesday, September 2nd. Finally, Mizuho increased their price objective on shares of Dell Technologies from $600.00 to $650.00 and gave the company an “outperform” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $569.96.

About Dell Technologies

Dell Technologies is a global technology company that develops, sells and supports computers and related infrastructure. Its products include personal computers, workstations, monitors and peripherals, as well as servers, storage systems and networking equipment for businesses and other organizations. The company also provides technology services and solutions, including support, consulting and offerings related to cloud computing, data management and cybersecurity. Dell serves consumers, businesses, governments and other institutions in markets around the world.