WASHINGTON TRUST Co Has $13.09 Million Stock Position in Dell Technologies Inc. $DELL

WASHINGTON TRUST Co raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 4.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 92,328 shares of the technology company’s stock after purchasing an additional 4,228 shares during the period. WASHINGTON TRUST Co’s holdings in Dell Technologies were worth $13,089,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Journey Strategic Wealth LLC boosted its stake in shares of Dell Technologies by 12.0% during the 3rd quarter. Journey Strategic Wealth LLC now owns 4,045 shares of the technology company’s stock worth $573,000 after acquiring an additional 432 shares in the last quarter. Arete Wealth Advisors LLC increased its position in shares of Dell Technologies by 35.7% during the third quarter. Arete Wealth Advisors LLC now owns 2,404 shares of the technology company’s stock valued at $341,000 after purchasing an additional 633 shares during the period. Holderness Investments Co. boosted its stake in Dell Technologies by 11.3% during the third quarter. Holderness Investments Co. now owns 20,102 shares of the technology company’s stock worth $2,850,000 after buying an additional 2,045 shares in the last quarter. Aprio Wealth Management LLC bought a new stake in Dell Technologies in the third quarter valued at about $209,000. Finally, Rafferty Asset Management LLC raised its position in Dell Technologies by 2.6% in the third quarter. Rafferty Asset Management LLC now owns 105,576 shares of the technology company’s stock worth $14,968,000 after purchasing an additional 2,720 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DELL shares. Morgan Stanley raised their target price on Dell Technologies from $101.00 to $110.00 and gave the stock an “underweight” rating in a research report on Friday. Bank of America boosted their price target on shares of Dell Technologies from $135.00 to $155.00 and gave the company a “buy” rating in a research report on Friday. Citic Securities lifted their target price on shares of Dell Technologies from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Friday, November 28th. Citigroup reduced their target price on Dell Technologies from $165.00 to $160.00 and set a “buy” rating on the stock in a report on Tuesday, February 17th. Finally, The Goldman Sachs Group assumed coverage on Dell Technologies in a report on Tuesday, January 13th. They set a “buy” rating and a $165.00 price target for the company. Seventeen 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 MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $160.47.

Dell Technologies Stock Performance

NYSE DELL opened at $147.89 on Monday. The stock has a market capitalization of $98.01 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 0.97 and a beta of 0.96. Dell Technologies Inc. has a 52 week low of $66.25 and a 52 week high of $168.08. The stock has a fifty day moving average of $121.17 and a 200-day moving average of $131.87.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.36. The business had revenue of $33.38 billion for the quarter, compared to analysts’ expectations of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same quarter last year, the business earned $2.68 earnings per share. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Equities research analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 20th were paid a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, January 20th. Dell Technologies’s payout ratio is 24.08%.

Insiders Place Their Bets

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 shares were sold at an average price of $138.12, for a total value of $9,806,520.00. Following the transaction, the director directly 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 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 owned by corporate insiders.

Dell Technologies Company 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.