New York State Common Retirement Fund Reduces Holdings in Dell Technologies Inc. $DELL

New York State Common Retirement Fund lessened its position in shares of Dell Technologies Inc. (NYSE:DELL) by 8.5% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 346,753 shares of the technology company’s stock after selling 32,300 shares during the quarter. New York State Common Retirement Fund owned about 0.05% of Dell Technologies worth $49,159,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Winnow Wealth LLC purchased a new stake in Dell Technologies in the second quarter valued at $25,000. Westside Investment Management Inc. raised its holdings in Dell Technologies by 84.7% in the 2nd quarter. Westside Investment Management Inc. now owns 218 shares of the technology company’s stock valued at $27,000 after buying an additional 100 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new position in Dell Technologies in the second quarter valued at about $28,000. Johnson Financial Group Inc. boosted its stake in 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 buying an additional 100 shares during the period. Finally, WealthCollab LLC increased its position in shares of Dell Technologies by 82.0% during the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on DELL shares. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $165.00 to $170.00 and gave the stock an “overweight” rating in a report on Monday, November 17th. Mizuho boosted their target price on Dell Technologies from $170.00 to $175.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Argus raised their price target on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research report on Thursday, October 9th. Piper Sandler reaffirmed an “overweight” rating on shares of Dell Technologies in a research note on Wednesday, November 26th. Finally, Bank of America increased their target price on Dell Technologies from $160.00 to $163.00 and gave the stock a “buy” rating in a research note on Wednesday, November 26th. Eighteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and an average 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 market cap of $75.81 billion, a P/E ratio of 15.25, a PEG ratio of 0.79 and a beta of 1.03. The business’s fifty day simple moving average is $126.00 and its 200-day simple moving average is $133.27. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $168.08.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share for the quarter, topping the consensus estimate of $2.47 by $0.12. The company had revenue of $27.01 billion for the quarter, compared to the consensus estimate of $27.26 billion. Dell Technologies had a negative return on equity of 234.84% and a net margin of 5.01%.Dell Technologies’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $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, equities analysts forecast 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. Investors of record on Tuesday, January 20th were issued 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 1.8%. Dell Technologies’s dividend payout ratio (DPR) is 28.00%.

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Egon Durban sold 71,000 shares of the business’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 transaction of $9,806,520.00. Following the completion of the transaction, the director owned 1,172,428 shares in the company, valued at $161,935,755.36. The trade was a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 42.00% of the stock is owned by corporate 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.