Strs Ohio Lowers Stock Holdings in Dell Technologies Inc. $DELL

Strs Ohio cut its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 8.3% during the third quarter, HoldingsChannel.com reports. The fund owned 71,185 shares of the technology company’s stock after selling 6,408 shares during the quarter. Strs Ohio’s holdings in Dell Technologies were worth $10,092,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of Dell Technologies by 4.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 273,850 shares of the technology company’s stock valued at $40,990,000 after purchasing an additional 12,695 shares in the last quarter. Carnegie Investment Counsel raised its stake in Dell Technologies by 904.0% in the third quarter. Carnegie Investment Counsel now owns 18,484 shares of the technology company’s stock worth $2,620,000 after buying an additional 16,643 shares in the last quarter. Shikiar Asset Management Inc. purchased a new stake in Dell Technologies during the third quarter worth $5,417,000. Fisher Funds Management LTD bought a new stake in Dell Technologies during the 3rd quarter valued at $1,398,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Dell Technologies by 8.7% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 800,382 shares of the technology company’s stock valued at $113,470,000 after acquiring an additional 63,924 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Down 1.5%

Shares of Dell Technologies stock opened at $115.36 on Monday. The company has a 50 day moving average price of $126.48 and a 200 day moving average price of $133.73. The firm has a market capitalization of $76.45 billion, a P/E ratio of 15.38, a PEG ratio of 0.77 and a beta of 1.03. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week 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 for the quarter, topping the consensus estimate of $2.47 by $0.12. The company had revenue of $27.01 billion for the quarter, compared to the consensus estimate of $27.26 billion. Dell Technologies had a net margin of 5.01% and a negative return on equity of 234.84%. Dell Technologies’s revenue was up 10.8% compared to the same quarter last year. During the same quarter in the previous year, the firm 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. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be paid 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 1.8%. Dell Technologies’s dividend payout ratio (DPR) is 28.00%.

Insider Buying and Selling

In other Dell Technologies news, Director Egon Durban sold 71,000 shares of Dell Technologies stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $138.12, for a total transaction of $9,806,520.00. Following the completion of the sale, the director owned 1,172,428 shares of the company’s stock, valued at approximately $161,935,755.36. The trade was a 5.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 42.00% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Evercore ISI set a $180.00 price objective on Dell Technologies and gave the stock an “outperform” rating in a research note on Monday, November 3rd. Morgan Stanley increased their price target on shares of Dell Technologies from $110.00 to $113.00 and gave the company an “underweight” rating in a research report on Wednesday, November 26th. Daiwa Capital Markets raised their price target on shares of Dell Technologies from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Barclays upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $148.00 price objective for the company in a research note on Thursday, January 15th. Finally, Citigroup decreased their target price on shares of Dell Technologies from $175.00 to $165.00 and set a “buy” rating for the company in a research report on Tuesday, January 20th. Eighteen equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $161.26.

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.