Fulton Bank N.A. Has $7.25 Million Stake in Dell Technologies Inc. $DELL

Fulton Bank N.A. cut its holdings in Dell Technologies Inc. (NYSE:DELL) by 15.3% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 16,810 shares of the technology company’s stock after selling 3,027 shares during the quarter. Fulton Bank N.A.’s holdings in Dell Technologies were worth $7,253,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new position in shares of Dell Technologies during the fourth quarter worth approximately $25,000. Rossby Financial LCC increased its holdings in shares of Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares in the last quarter. Navalign LLC bought a new position in Dell Technologies in the 4th quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new position in Dell Technologies during the 4th quarter worth $29,000. Finally, WealthCollab LLC lifted its holdings in Dell Technologies by 82.0% during the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after buying an additional 114 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Analysts Set New Price Targets

DELL has been the subject of several research reports. Raymond James Financial cut Dell Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, May 29th. Wall Street Zen raised Dell Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Melius Research set a $565.00 price target on Dell Technologies in a report on Friday, May 29th. Zacks Research upgraded Dell Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, Royal Bank Of Canada initiated coverage on Dell Technologies in a report on Friday, May 29th. They set an “outperform” rating for the company. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $492.43.

Insider Transactions at Dell Technologies

In other news, Director Spv-2 L.P. Sl sold 175,901 shares of Dell Technologies stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the transaction, the director owned 36,659 shares in the company, valued at $16,789,455.41. The trade was a 82.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $457.99, for a total value of $86,928,791.95. Following the completion of the transaction, the director owned 24,287 shares of the company’s stock, valued at $11,123,203.13. This represents a 88.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,434,758 shares of company stock valued at $1,448,870,683. Insiders own 41.50% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $458.05 on Tuesday. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $485.70. The company has a market capitalization of $296.87 billion, a PE ratio of 36.38, a PEG ratio of 0.97 and a beta of 1.33. The company has a 50 day moving average price of $417.05 and a two-hundred day moving average price of $263.68.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. During the same period last year, the firm posted $1.55 earnings per share. The business’s quarterly revenue was up 87.5% compared to the same quarter last year. 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. On average, sell-side analysts forecast that Dell Technologies Inc. will post 17.77 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Dell Technologies’s 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.