JW Asset Management LLC Purchases 14,000 Shares of Dell Technologies Inc. $DELL

JW Asset Management LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 400.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,500 shares of the technology company’s stock after buying an additional 14,000 shares during the quarter. Dell Technologies makes up 3.9% of JW Asset Management LLC’s investment portfolio, making the stock its 4th largest position. JW Asset Management LLC’s holdings in Dell Technologies were worth $9,414,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Money Concepts Capital Corp raised its position in shares of Dell Technologies by 117.2% in the third quarter. Money Concepts Capital Corp now owns 1,566 shares of the technology company’s stock valued at $842,000 after buying an additional 845 shares during the last quarter. Allworth Financial LP lifted its stake in shares of Dell Technologies by 72.3% during the third quarter. Allworth Financial LP now owns 112,383 shares of the technology company’s stock valued at $60,456,000 after buying an additional 47,144 shares during the period. Fisher Asset Management LLC boosted its position in Dell Technologies by 268.5% during the third quarter. Fisher Asset Management LLC now owns 12,487 shares of the technology company’s stock worth $6,718,000 after acquiring an additional 9,098 shares during the last quarter. Private Advisory Group LLC boosted its position in Dell Technologies by 255.2% during the third quarter. Private Advisory Group LLC now owns 8,553 shares of the technology company’s stock worth $4,601,000 after acquiring an additional 6,145 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Dell Technologies by 40.3% in the 3rd quarter. Russell Investments Group Ltd. now owns 385,827 shares of the technology company’s stock worth $207,659,000 after acquiring an additional 110,756 shares during the period. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Key Dell Technologies News

These are some of the DELL news items that stood out recently:

• 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?
• Neutral Sentiment: Dell plans a $12 million renovation at its Austin campus. The coverage offered no clear indication of a material effect on earnings or operations. Texas Tech giant plans $12M renovation at Austin campus
• 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

Analyst Ratings Changes

Several research analysts have weighed in on DELL shares. Susquehanna reiterated a “positive” rating on shares of Dell Technologies in a report on Tuesday, September 29th. Weiss Ratings cut Dell Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, November 3rd. Morgan Stanley lifted their price objective on Dell Technologies from $499.00 to $511.00 and gave the company an “equal weight” rating in a research report on Monday, September 21st. Cantor Fitzgerald started coverage on Dell Technologies in a research note on Wednesday, September 2nd. They issued an “overweight” rating for the company. Finally, Daiwa Securities Group upped their target price on Dell Technologies from $465.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $569.96.

Dell Technologies Stock Performance

DELL opened at $371.83 on Friday. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $595.51. The company’s 50 day simple moving average is $496.81 and its 200 day simple moving average is $341.25. The stock has a market capitalization of $236.41 billion, a PE ratio of 21.58, a P/E/G ratio of 0.39 and a beta of 1.45.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, topping the consensus estimate of $4.91 by $2.13. The firm had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. Dell Technologies’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 business posted $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. As a group, sell-side analysts expect that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.7%. Dell Technologies’s payout ratio is currently 14.63%.

Insider Activity at Dell Technologies

In other news, Director Egon Durban sold 1,850 shares of the company’s stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $548.40, for a total transaction of $1,014,540.00. Following the completion of the sale, the director directly owned 1,405,236 shares in the company, valued at $770,631,422.40. This represents a 0.13% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, 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 sale, the director owned 25,686 shares of the company’s stock, valued at approximately $11,815,560. The trade was a 7.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 1,819,650 shares of company stock worth $991,183,596. 41.50% of the stock is owned by corporate insiders.

Dell Technologies Company Profile

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.