Northwestern Mutual Wealth Management Co. Sells 115,473 Shares of Dell Technologies Inc. $DELL

Northwestern Mutual Wealth Management Co. trimmed its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 21.5% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 422,266 shares of the technology company’s stock after selling 115,473 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Dell Technologies were worth $51,770,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System lifted its stake in shares of Dell Technologies by 5.3% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 273,662 shares of the technology company’s stock valued at $33,551,000 after acquiring an additional 13,797 shares during the last quarter. Johnson Financial Group Inc. boosted its stake in shares of Dell Technologies by 66.2% during the second quarter. Johnson Financial Group Inc. now owns 251 shares of the technology company’s stock valued at $31,000 after purchasing an additional 100 shares in the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in Dell Technologies in the 2nd quarter valued at approximately $650,000. Elevation Point Wealth Partners LLC boosted its position in Dell Technologies by 3.4% during the 2nd quarter. Elevation Point Wealth Partners LLC now owns 7,044 shares of the technology company’s stock worth $864,000 after buying an additional 232 shares during the period. Finally, Quadrant Capital Group LLC grew its holdings in Dell Technologies by 112.0% during the 2nd quarter. Quadrant Capital Group LLC now owns 11,182 shares of the technology company’s stock worth $1,371,000 after acquiring an additional 5,907 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on DELL shares. JPMorgan Chase & Co. upped 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. Daiwa Capital Markets raised their price target on shares of Dell Technologies from $125.00 to $140.00 and gave the stock an “outperform” rating in a report on Thursday, September 11th. Argus upped their price objective on shares of Dell Technologies from $150.00 to $200.00 and gave the company a “buy” rating in a research note on Thursday, October 9th. UBS Group cut their target price on Dell Technologies from $186.00 to $167.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Evercore ISI set a $180.00 price target on Dell Technologies and gave the company an “outperform” rating in a research note on Monday, November 3rd. Seventeen analysts have rated the stock with a Buy rating, eight have given 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 a consensus target price of $161.05.

Insider Transactions at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 19,256 shares of the stock in a transaction 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director William D. Green sold 42,736 shares of the business’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 value of $6,837,760.00. Following the completion of the sale, the director owned 47,619 shares of the company’s stock, valued at $7,619,040. The trade was a 47.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 4,537,755 shares of company stock worth $642,644,973. 42.00% of the stock is owned by insiders.

Dell Technologies Price Performance

DELL opened at $133.06 on Friday. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $168.08. The company has a market capitalization of $89.46 billion, a price-to-earnings ratio of 17.74, a P/E/G ratio of 1.01 and a beta of 1.02. The firm’s fifty day moving average price is $143.67 and its two-hundred day moving average price is $130.73.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, November 25th. The technology company reported $2.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.47 by $0.12. The company 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 quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.15 earnings per share. Dell Technologies has set its FY 2026 guidance at 9.920-9.920 EPS. Q4 2026 guidance at 3.500-3.500 EPS. As a group, equities analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st were paid a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date was Tuesday, October 21st. Dell Technologies’s dividend payout ratio is currently 28.00%.

Dell Technologies Company Profile

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).