Dell Technologies Inc. $DELL Stock Holdings Increased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 8.7% during the third quarter, HoldingsChannel.com reports. The firm owned 800,382 shares of the technology company’s stock after acquiring an additional 63,924 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Dell Technologies were worth $113,470,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Brighton Jones LLC boosted its position in Dell Technologies by 42.7% during the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after purchasing an additional 901 shares during the last quarter. Acadian Asset Management LLC raised its stake in shares of Dell Technologies by 127.4% during the 1st quarter. Acadian Asset Management LLC now owns 23,120 shares of the technology company’s stock worth $2,103,000 after purchasing an additional 12,951 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in shares of Dell Technologies during the 2nd quarter valued at about $29,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in shares of Dell Technologies by 58.8% in the 2nd quarter. Thurston Springer Miller Herd & Titak Inc. now owns 2,435 shares of the technology company’s stock valued at $299,000 after buying an additional 902 shares in the last quarter. Finally, Parallel Advisors LLC increased its holdings in Dell Technologies by 6.6% in the second quarter. Parallel Advisors LLC now owns 6,784 shares of the technology company’s stock worth $832,000 after buying an additional 421 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have issued reports on the stock. Bank of America lifted their target price on shares of Dell Technologies from $160.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Barclays cut their price target on shares of Dell Technologies from $151.00 to $148.00 and set an “equal weight” rating on the stock in a report on Wednesday, November 26th. Susquehanna upped their price objective on shares of Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, October 8th. Dbs Bank upgraded Dell Technologies to a “moderate buy” rating in a report on Monday, January 5th. Finally, Wells Fargo & Company upped their price target on Dell Technologies from $160.00 to $180.00 and gave the stock an “overweight” rating in a research note on Wednesday, October 8th. Seventeen research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $161.79.

Insider Buying and Selling

In other Dell Technologies news, Director Egon Durban sold 71,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The stock was sold at an average price of $138.12, for a total value of $9,806,520.00. Following the completion of the sale, the director owned 1,172,428 shares in the company, valued at approximately $161,935,755.36. This trade represents a 5.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.00% of the stock is currently owned by company insiders.

Dell Technologies Stock Down 0.8%

DELL opened at $119.46 on Wednesday. The stock’s 50 day moving average price is $130.51 and its two-hundred day moving average price is $134.15. The firm has a market capitalization of $79.16 billion, a P/E ratio of 15.93, a price-to-earnings-growth ratio of 0.81 and a beta of 1.03. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $168.08.

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

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a yield of 1.8%. The ex-dividend date is Tuesday, January 20th. Dell Technologies’s payout ratio is currently 28.00%.

About Dell Technologies

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.