Dell Technologies Inc. $DELL Stock: Kercheville Advisors LLC Increases Holdings

Kercheville Advisors LLC grew its position in Dell Technologies Inc. (NYSE:DELL) by 13.6% in the third quarter, Holdings Channel reports. The fund owned 18,800 shares of the technology company’s stock after acquiring an additional 2,250 shares during the quarter. Dell Technologies accounts for 2.8% of Kercheville Advisors LLC’s portfolio, making the stock its 10th largest holding. Kercheville Advisors LLC’s holdings in Dell Technologies were worth $10,113,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. Plato Investment Management Ltd bought a new stake in shares of Dell Technologies during the second quarter worth about $5,913,000. Gabelli Funds LLC increased its stake in shares of Dell Technologies by 49.0% in the first quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company’s stock valued at $7,565,000 after buying an additional 15,150 shares during the period. Segall Bryant & Hamill LLC bought a new position in Dell Technologies in the 1st quarter valued at approximately $5,930,000. Envestnet Portfolio Solutions Inc. raised its holdings in Dell Technologies by 71.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,166 shares of the technology company’s stock valued at $2,660,000 after buying an additional 2,576 shares during the last quarter. Finally, Weiss Asset Management LP boosted its position in Dell Technologies by 20.5% during the 1st quarter. Weiss Asset Management LP now owns 25,130 shares of the technology company’s stock worth $4,125,000 after buying an additional 4,274 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Evercore reissued an “outperform” rating and set a $650.00 target price on shares of Dell Technologies in a report on Wednesday, September 9th. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Dell Technologies in a research note on Friday, October 9th. Daiwa Securities Group lifted their price target on shares of Dell Technologies from $465.00 to $625.00 and gave the stock an “outperform” rating in a report on Friday, September 18th. Sanford C. Bernstein boosted their price objective on shares of Dell Technologies from $500.00 to $650.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Finally, Royal Bank Of Canada assumed coverage on Dell Technologies in a report on Thursday, September 10th. They issued an “outperform” rating and a $640.00 price objective for the company. 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. According to MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $569.96.

Dell Technologies Price Performance

Shares of Dell Technologies stock traded up $3.08 during midday trading on Monday, reaching $454.79. The company had a trading volume of 6,638,347 shares, compared to its average volume of 8,309,329. The stock has a fifty day moving average price of $514.56 and a 200 day moving average price of $394.91. The firm has a market cap of $289.16 billion, a PE ratio of 26.40, a P/E/G ratio of 0.47 and a beta of 1.37. 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 announced its earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13. The business had revenue of $46.97 billion for the quarter, compared to analysts’ expectations of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The firm’s revenue was up 57.7% on a year-over-year basis. During the same period 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 forecast that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies’s dividend payout ratio is currently 14.63%.

Insider Activity at Dell Technologies

In related news, Director Spv-2 L.P. Sl sold 44,408 shares of the business’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $582.30, for a total value of $25,858,778.40. Following the transaction, the director owned 43,740 shares in the company, valued at $25,469,802. The trade was a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of the company’s stock in a transaction on Friday, October 9th. The shares were sold at an average price of $582.30, for a total transaction of $14,845,156.20. Following the sale, the director directly owned 22,686 shares in the company, valued at $13,210,057.80. This trade represents a 52.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 1,817,628 shares of company stock valued at $990,253,476 over the last 90 days. 41.50% of the stock is owned by company insiders.

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.