Fulton Bank N.A. Sells 3,027 Shares of Dell Technologies Inc. $DELL

Fulton Bank N.A. decreased its position in Dell Technologies Inc. (NYSE:DELL) by 15.3% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 16,810 shares of the technology company’s stock after selling 3,027 shares during the period. Fulton Bank N.A.’s holdings in Dell Technologies were worth $7,253,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of DELL. Norges Bank acquired a new stake in Dell Technologies in the 4th quarter valued at approximately $607,349,000. Wellington Management Group LLP grew its stake in shares of Dell Technologies by 4,279.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock worth $426,129,000 after acquiring an additional 2,937,137 shares in the last quarter. Invesco Ltd. grew its stake in shares of Dell Technologies by 50.4% during the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after acquiring an additional 2,445,854 shares in the last quarter. Michael & Susan Dell Foundation raised its holdings in shares of Dell Technologies by 533.3% in the fourth quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock valued at $337,652,000 after purchasing an additional 2,258,797 shares during the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Dell Technologies by 4.5% in the fourth quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company’s stock worth $3,957,850,000 after purchasing an additional 1,355,841 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $457.99, for a total transaction of $86,928,791.95. Following the transaction, the director owned 24,287 shares in the company, valued at approximately $11,123,203.13. This trade represents a 88.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Spv-2 L.P. Sl sold 175,901 shares of Dell Technologies stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $457.99, for a total value of $80,560,898.99. Following the sale, the director directly owned 36,659 shares of the company’s stock, valued at approximately $16,789,455.41. The trade was a 82.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 3,434,758 shares of company stock worth $1,448,870,683 in the last ninety days. 41.50% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on DELL. Truist Financial raised their target price on shares of Dell Technologies from $170.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, May 29th. CLSA raised shares of Dell Technologies to an “outperform” rating in a research report on Friday, May 29th. Roth Capital assumed coverage on shares of Dell Technologies in a research note on Friday, May 29th. They set a “buy” rating for the company. The Goldman Sachs Group raised their price objective on Dell Technologies from $230.00 to $500.00 and gave the company a “buy” rating in a report on Monday, June 1st. Finally, Evercore reiterated an “outperform” rating on shares of Dell Technologies in a report on Wednesday, July 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $492.43.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $458.05 on Tuesday. The business has a fifty day simple moving average of $417.05 and a two-hundred day simple moving average of $263.68. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $485.70. The company has a market capitalization of $296.87 billion, a price-to-earnings ratio of 36.38, a P/E/G ratio of 0.97 and a beta of 1.33.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate of $2.96 by $1.90. The firm had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company’s quarterly revenue was up 87.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.55 earnings per share. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. As a group, equities analysts anticipate that Dell Technologies Inc. will post 17.77 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were given a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, July 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies’s dividend payout ratio is presently 20.02%.

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.