Jennison Associates LLC Has $168.42 Million Holdings in Dell Technologies Inc. $DELL

Jennison Associates LLC lifted its stake in Dell Technologies Inc. (NYSE:DELL) by 189.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,187,965 shares of the technology company’s stock after acquiring an additional 777,541 shares during the period. Jennison Associates LLC’s holdings in Dell Technologies were worth $168,418,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westfuller Advisors LLC bought a new position in Dell Technologies during the third quarter worth $51,000. Teacher Retirement System of Texas boosted its stake in Dell Technologies by 18.6% during the third quarter. Teacher Retirement System of Texas now owns 123,625 shares of the technology company’s stock worth $17,526,000 after buying an additional 19,380 shares in the last quarter. ACR Alpine Capital Research LLC increased its holdings in Dell Technologies by 0.8% in the 3rd quarter. ACR Alpine Capital Research LLC now owns 105,217 shares of the technology company’s stock valued at $14,917,000 after buying an additional 822 shares during the period. Olympiad Research LP bought a new stake in shares of Dell Technologies in the 3rd quarter valued at approximately $419,000. Finally, Woodard & Co. Asset Management Group Inc. ADV acquired a new position in shares of Dell Technologies in the 3rd quarter worth approximately $1,995,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Activity

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

Dell Technologies Price Performance

Shares of NYSE DELL opened at $115.36 on Friday. The business has a fifty day moving average price of $126.48 and a two-hundred day moving average price of $133.62. The stock has a market capitalization of $76.45 billion, a PE ratio of 15.38, a P/E/G ratio of 0.78 and a beta of 1.03. Dell Technologies Inc. has a fifty-two week low of $66.25 and a fifty-two week high of $168.08.

Dell Technologies (NYSE:DELL) last posted 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. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.The company had revenue of $27.01 billion during the quarter, compared to analysts’ expectations of $27.26 billion. During the same quarter in the previous year, the firm earned $2.15 EPS. Dell Technologies’s revenue was up 10.8% on a year-over-year basis. 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. On average, equities analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th will be issued a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend is Tuesday, January 20th. Dell Technologies’s payout ratio is presently 28.00%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DELL. Bank of America increased their target price on shares of Dell Technologies from $160.00 to $163.00 and gave the stock a “buy” rating in a research report on Wednesday, November 26th. Sanford C. Bernstein boosted their target price on Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. Citigroup lowered their price objective 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. Mizuho boosted their price objective on shares of Dell Technologies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Finally, Evercore ISI set a $180.00 price target on Dell Technologies and gave the company an “outperform” rating in a research report on Monday, November 3rd. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price 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.