State of New Jersey Common Pension Fund D Raises Position in Dell Technologies Inc. $DELL

State of New Jersey Common Pension Fund D lifted its position in Dell Technologies Inc. (NYSE:DELL) by 4.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 113,172 shares of the technology company’s stock after buying an additional 4,482 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Dell Technologies were worth $16,044,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Norges Bank bought a new position in Dell Technologies in the 2nd quarter valued at approximately $528,279,000. AQR Capital Management LLC increased its holdings in shares of Dell Technologies by 628.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,374,078 shares of the technology company’s stock worth $168,462,000 after purchasing an additional 1,185,454 shares in the last quarter. Ameriprise Financial Inc. raised its stake in shares of Dell Technologies by 37.1% in the second quarter. Ameriprise Financial Inc. now owns 3,203,732 shares of the technology company’s stock worth $392,802,000 after purchasing an additional 867,071 shares during the last quarter. Jennison Associates LLC boosted its position in shares of Dell Technologies by 189.4% during the third quarter. Jennison Associates LLC now owns 1,187,965 shares of the technology company’s stock valued at $168,418,000 after buying an additional 777,541 shares during the last quarter. Finally, Boston Partners increased its holdings in Dell Technologies by 15.0% in the 2nd quarter. Boston Partners now owns 5,904,843 shares of the technology company’s stock worth $725,586,000 after buying an additional 771,966 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on DELL. Daiwa Securities Group upped their target price on shares of Dell Technologies from $140.00 to $150.00 and gave the company an “outperform” rating in a research note on Wednesday, December 3rd. Wall Street Zen downgraded shares of Dell Technologies from a “buy” rating to a “hold” rating in a research report on Saturday. UBS Group dropped their target price on shares of Dell Technologies from $186.00 to $167.00 and set a “buy” rating on the stock in a report on Wednesday, November 26th. Bank of America boosted their target price on shares of Dell Technologies from $160.00 to $163.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. Finally, Mizuho raised their price target on Dell Technologies from $170.00 to $175.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Seventeen investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $161.26.

Insider Activity

In related news, Director Egon Durban sold 71,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director directly owned 1,172,428 shares of the company’s stock, valued at approximately $161,935,755.36. This represents a 5.71% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 42.00% of the company’s stock.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $117.46 on Tuesday. Dell Technologies Inc. has a 1-year low of $66.25 and a 1-year high of $168.08. The company’s fifty day simple moving average is $122.82 and its 200-day simple moving average is $132.58. The stock has a market capitalization of $77.84 billion, a PE ratio of 15.66, a P/E/G ratio of 0.68 and a beta of 1.03.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, November 25th. The technology company reported $2.59 EPS for the quarter, topping the consensus estimate of $2.47 by $0.12. The firm had revenue of $27.01 billion during 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%.Dell Technologies’s revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the business 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. As a group, research analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 30th. Stockholders of record on Tuesday, January 20th were given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Tuesday, January 20th. 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.