Wesbanco Bank Inc. Cuts Stake in Dell Technologies Inc. $DELL

Wesbanco Bank Inc. lessened its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 44.4% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 5,858 shares of the technology company’s stock after selling 4,673 shares during the quarter. Wesbanco Bank Inc.’s holdings in Dell Technologies were worth $830,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in DELL. State Street Corp raised its holdings in shares of Dell Technologies by 2.1% in the 2nd quarter. State Street Corp now owns 14,099,317 shares of the technology company’s stock worth $1,728,576,000 after purchasing an additional 292,167 shares during the period. Boston Partners grew its stake in shares of Dell Technologies by 15.0% during the 2nd quarter. Boston Partners now owns 5,904,843 shares of the technology company’s stock worth $725,586,000 after acquiring an additional 771,966 shares during the period. Norges Bank purchased a new stake in Dell Technologies in the 2nd quarter worth about $528,279,000. Ameriprise Financial Inc. raised its stake in Dell Technologies by 37.1% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,203,732 shares of the technology company’s stock valued at $392,802,000 after acquiring an additional 867,071 shares during the period. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Dell Technologies by 0.7% during the second quarter. DekaBank Deutsche Girozentrale now owns 2,239,931 shares of the technology company’s stock valued at $276,040,000 after purchasing an additional 14,956 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Price Performance

DELL stock opened at $124.35 on Thursday. The firm has a 50 day simple moving average of $124.23 and a two-hundred day simple moving average of $132.95. The stock has a market cap of $82.40 billion, a PE ratio of 16.58, a P/E/G ratio of 0.73 and a beta of 1.03. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $168.08.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.47 by $0.12. Dell Technologies had a net margin of 5.01% and a negative return on equity of 234.84%. The company had revenue of $27.01 billion during the quarter, compared to analyst estimates of $27.26 billion. During the same period in the previous year, the business earned $2.15 earnings per share. The firm’s quarterly revenue was up 10.8% compared to the same quarter last year. 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, research analysts expect that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, January 30th. Shareholders of record on Tuesday, January 20th were paid a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $2.10 annualized dividend and a yield of 1.7%. Dell Technologies’s dividend payout ratio is currently 28.00%.

Analysts Set New Price Targets

Several analysts have recently issued reports on DELL shares. Morgan Stanley boosted 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. Citic Securities increased their target price on Dell Technologies from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Friday, November 28th. Daiwa Securities Group lifted their price target on Dell Technologies from $140.00 to $150.00 and gave the company an “outperform” rating in a research report on Wednesday, December 3rd. Piper Sandler restated an “overweight” rating on shares of Dell Technologies in a research note on Wednesday, November 26th. Finally, JPMorgan Chase & Co. upped their price target on Dell Technologies from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. Seventeen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $161.26.

Insider Buying and Selling

In other Dell Technologies news, Director Egon Durban sold 71,000 shares of Dell Technologies stock in a transaction that occurred 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 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 42.00% of the stock is owned by insiders.

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.