Intact Investment Management Inc. Purchases 4,600 Shares of Dell Technologies Inc. $DELL

Intact Investment Management Inc. lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 60.5% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,200 shares of the technology company’s stock after purchasing an additional 4,600 shares during the quarter. Intact Investment Management Inc.’s holdings in Dell Technologies were worth $1,496,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. State Street Corp raised its holdings in Dell Technologies by 2.1% during the second quarter. State Street Corp now owns 14,099,317 shares of the technology company’s stock worth $1,728,576,000 after buying an additional 292,167 shares during the last quarter. Boston Partners grew its holdings in shares of Dell Technologies by 15.0% during the second quarter. Boston Partners now owns 5,904,843 shares of the technology company’s stock valued at $725,586,000 after buying an additional 771,966 shares during the last quarter. Norges Bank bought a new stake in shares of Dell Technologies during the second quarter worth about $528,279,000. Alkeon Capital Management LLC raised its holdings in shares of Dell Technologies by 41.4% in the 1st quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock worth $289,657,000 after acquiring an additional 931,032 shares during the last quarter. Finally, Invesco Ltd. lifted its position in Dell Technologies by 20.5% in the 1st quarter. Invesco Ltd. now owns 2,952,829 shares of the technology company’s stock valued at $269,150,000 after acquiring an additional 502,764 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on DELL. Zacks Research lowered Dell Technologies from a “strong-buy” rating to a “hold” rating in a report on Tuesday, November 18th. Mizuho lifted 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. JPMorgan Chase & Co. increased 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. Cowen restated a “hold” rating on shares of Dell Technologies in a research note on Friday, August 29th. Finally, Sanford C. Bernstein upped their target price on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 8th. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $162.84.

Insider Buying and Selling

In other news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the business’s stock in a transaction that occurred on Tuesday, October 7th. The shares were sold at an average price of $154.21, for a total value of $2,969,467.76. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director William D. Green sold 42,736 shares of the firm’s stock in a transaction that occurred on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the completion of the transaction, the director directly owned 47,619 shares of the company’s stock, valued at approximately $7,619,040. This trade represents a 47.30% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 4,537,755 shares of company stock worth $642,644,973 in the last quarter. 42.00% of the stock is currently owned by company insiders.

Dell Technologies Stock Up 1.8%

Shares of DELL stock opened at $140.65 on Thursday. The firm has a market cap of $94.57 billion, a P/E ratio of 18.75, a PEG ratio of 0.92 and a beta of 1.03. The company has a 50 day moving average of $143.88 and a 200-day moving average of $132.12. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $168.08.

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

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th will be paid a dividend of $0.525 per share. The ex-dividend date is Tuesday, January 20th. This represents a $2.10 annualized dividend and a dividend yield of 1.5%. Dell Technologies’s dividend payout ratio is presently 28.00%.

About Dell Technologies

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).