7,058 Shares in Dell Technologies Inc. $DELL Acquired by Baader Bank Aktiengesellschaft

Baader Bank Aktiengesellschaft bought a new position in shares of Dell Technologies Inc. (NYSE:DELLFree Report) during the 1st quarter, HoldingsChannel.com reports. The fund bought 7,058 shares of the technology company’s stock, valued at approximately $1,135,000.

A number of other hedge funds have also bought and sold shares of DELL. Commonwealth Retirement Investments LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth $25,000. Rossby Financial LCC increased its position in shares of Dell Technologies by 968.4% in the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after acquiring an additional 184 shares during the period. Navalign LLC purchased a new position in Dell Technologies in the 4th quarter worth $29,000. Kemnay Advisory Services Inc. purchased a new position in Dell Technologies in the 4th quarter worth $29,000. Finally, WealthCollab LLC lifted its position in Dell Technologies by 82.0% during the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on DELL. Wolfe Research lowered Dell Technologies from a “peer perform” rating to a “peer perform” rating in a report on Friday, May 29th. Citigroup assumed coverage on Dell Technologies in a report on Monday, June 1st. They set an “outperform” rating for the company. Daiwa Securities Group upped their target price on Dell Technologies from $170.00 to $465.00 and gave the company an “outperform” rating in a research report on Tuesday, June 2nd. Argus increased their price target on shares of Dell Technologies from $200.00 to $460.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, UBS Group set a $700.00 price target on shares of Dell Technologies in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $492.76.

Read Our Latest Stock Analysis on DELL

Key Dell Technologies News

Here are the key news stories impacting Dell Technologies this week:

Dell Technologies Stock Down 3.6%

Dell Technologies stock opened at $381.91 on Tuesday. The firm has a market cap of $247.52 billion, a price-to-earnings ratio of 30.33, a price-to-earnings-growth ratio of 0.85 and a beta of 1.31. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $469.47. The business’s 50-day moving average price is $375.38 and its 200 day moving average price is $231.18.

Dell Technologies (NYSE:DELLGet Free Report) last announced its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $35.74 billion. During the same period in the previous year, the company posted $1.55 earnings per share. Dell Technologies’s revenue for the quarter was up 87.5% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. Equities analysts expect that Dell Technologies Inc. will post 17.77 EPS for the current year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.7%. The ex-dividend date is Tuesday, July 21st. Dell Technologies’s payout ratio is currently 20.02%.

Insider Buying and Selling at Dell Technologies

In related news, Director Spv-2 L.P. Sl sold 175,901 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the sale, the director directly owned 36,659 shares of the company’s stock, valued at approximately $16,789,455.41. This represents a 82.75% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the firm’s stock in a transaction on Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $86,928,791.95. Following the sale, the director owned 24,287 shares in the company, valued at approximately $11,123,203.13. This represents a 88.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,434,758 shares of company stock valued at $1,448,870,683. Company insiders own 41.50% of the company’s stock.

About Dell Technologies

(Free Report)

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.

See Also

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELLFree Report).

Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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