Bank of New York Mellon Corp Sells 60,197 Shares of Dell Technologies Inc. $DELL

Bank of New York Mellon Corp reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,637,121 shares of the technology company’s stock after selling 60,197 shares during the quarter. Bank of New York Mellon Corp’s holdings in Dell Technologies were worth $232,095,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Winnow Wealth LLC acquired a new position in shares of Dell Technologies in the second quarter valued at $25,000. Westside Investment Management Inc. increased its position in shares of Dell Technologies by 84.7% during the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock worth $27,000 after purchasing an additional 100 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Dell Technologies during the second quarter worth approximately $28,000. NewSquare Capital LLC increased its holdings in Dell Technologies by 96.9% during the 2nd quarter. NewSquare Capital LLC now owns 254 shares of the technology company’s stock valued at $31,000 after purchasing an additional 125 shares in the last quarter. Finally, Johnson Financial Group Inc. grew its holdings in shares of Dell Technologies by 66.2% during the second quarter. Johnson Financial Group Inc. now owns 251 shares of the technology company’s stock worth $31,000 after purchasing an additional 100 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In related news, Director Egon Durban sold 71,000 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $161,935,755.36. The trade was a 5.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 42.00% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research analyst reports. Sanford C. Bernstein increased their price target on shares of Dell Technologies from $175.00 to $180.00 and gave the company an “outperform” rating in a research note on Wednesday, October 8th. JPMorgan Chase & Co. raised their target price on Dell Technologies from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Daiwa Capital Markets boosted their price target on shares of Dell Technologies from $140.00 to $150.00 and gave the company an “outperform” rating in a report on Wednesday, December 3rd. Wall Street Zen upgraded Dell Technologies from a “hold” rating to a “buy” rating in a research report on Sunday, January 25th. Finally, Citigroup reduced their target price on shares of Dell Technologies from $175.00 to $165.00 and set a “buy” rating for the company in a research note on Tuesday, January 20th. Eighteen analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $161.26.

Dell Technologies Trading Down 3.5%

Shares of NYSE DELL opened at $114.39 on Friday. The stock has a 50-day moving average price of $126.00 and a two-hundred day moving average price of $133.27. The company has a market cap of $75.81 billion, a price-to-earnings ratio of 15.25, a PEG ratio of 0.79 and a beta of 1.03. Dell Technologies Inc. has a 12 month low of $66.25 and a 12 month high of $168.08.

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

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, January 30th. Investors of record on Tuesday, January 20th were given a dividend of $0.525 per share. The ex-dividend date of this dividend was Tuesday, January 20th. This represents a $2.10 annualized dividend and a dividend yield of 1.8%. Dell Technologies’s payout ratio is presently 28.00%.

About Dell Technologies

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.