Stonegate Investment Group LLC Has $58.40 Million Stake in Dell Technologies Inc. $DELL

Stonegate Investment Group LLC lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 24,493.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 411,946 shares of the technology company’s stock after purchasing an additional 410,271 shares during the quarter. Dell Technologies accounts for about 1.4% of Stonegate Investment Group LLC’s portfolio, making the stock its 26th biggest position. Stonegate Investment Group LLC owned about 0.06% of Dell Technologies worth $58,402,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Allspring Global Investments Holdings LLC grew its holdings in shares of Dell Technologies by 4.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 273,850 shares of the technology company’s stock worth $40,990,000 after buying an additional 12,695 shares in the last quarter. Carnegie Investment Counsel boosted its position in Dell Technologies by 904.0% during the 3rd quarter. Carnegie Investment Counsel now owns 18,484 shares of the technology company’s stock worth $2,620,000 after acquiring an additional 16,643 shares during the last quarter. Shikiar Asset Management Inc. bought a new position in shares of Dell Technologies during the 3rd quarter worth approximately $5,417,000. Fisher Funds Management LTD acquired a new stake in shares of Dell Technologies in the third quarter valued at approximately $1,398,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Dell Technologies by 8.7% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 800,382 shares of the technology company’s stock worth $113,470,000 after purchasing an additional 63,924 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. JPMorgan Chase & Co. raised their target price on shares of Dell Technologies from $165.00 to $170.00 and gave the company an “overweight” rating in a research report on Monday, November 17th. The Goldman Sachs Group assumed coverage on Dell Technologies in a report on Tuesday, January 13th. They issued a “buy” rating and a $165.00 price objective for the company. Bank of America lifted their target price on Dell Technologies from $160.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Zacks Research downgraded Dell Technologies from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, November 18th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Dell Technologies in a research report on Wednesday, January 21st. Eighteen investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $161.26.

Dell Technologies Stock Up 0.4%

DELL opened at $115.89 on Tuesday. Dell Technologies Inc. has a 12-month low of $66.25 and a 12-month high of $168.08. The business has a 50 day moving average of $126.34 and a 200-day moving average of $133.65. The stock has a market cap of $76.80 billion, a price-to-earnings ratio of 15.45, a PEG ratio of 0.77 and a beta of 1.03.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share for the quarter, beating analysts’ consensus estimates 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 analysts’ expectations of $27.26 billion. During the same quarter in the prior year, the business earned $2.15 EPS. The firm’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, analysts expect 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 will be paid on Friday, January 30th. Investors of record on Tuesday, January 20th will be issued a dividend of $0.525 per share. The ex-dividend date of this dividend is 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%.

Insider Buying and Selling

In related news, Director Egon Durban sold 71,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The shares were sold at an average price of $138.12, for a total value of $9,806,520.00. Following the transaction, the director owned 1,172,428 shares in the company, valued at approximately $161,935,755.36. This represents a 5.71% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.00% of the company’s stock.

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.