Norges Bank Purchases New Position in Dell Technologies Inc. $DELL

Norges Bank purchased a new stake in Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, HoldingsChannel.com reports. The fund purchased 4,308,968 shares of the technology company’s stock, valued at approximately $528,279,000.

A number of other institutional investors also recently made changes to their positions in the company. Boston Partners increased its stake in shares of Dell Technologies by 34.4% during the first quarter. Boston Partners now owns 5,132,877 shares of the technology company’s stock worth $466,418,000 after purchasing an additional 1,312,600 shares during the period. Vanguard Group Inc. grew its holdings in Dell Technologies by 4.1% in the 1st quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company’s stock valued at $2,653,032,000 after buying an additional 1,145,658 shares in the last quarter. Deutsche Bank AG increased its position in Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company’s stock worth $377,508,000 after buying an additional 1,142,012 shares during the period. Alkeon Capital Management LLC lifted its holdings in shares of Dell Technologies by 41.4% during the first quarter. Alkeon Capital Management LLC now owns 3,177,809 shares of the technology company’s stock worth $289,657,000 after buying an additional 931,032 shares in the last quarter. Finally, Ameriprise Financial Inc. boosted its position in shares of Dell Technologies by 49.4% in the first quarter. Ameriprise Financial Inc. now owns 2,336,661 shares of the technology company’s stock valued at $212,967,000 after acquiring an additional 772,465 shares during the period. Institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on DELL shares. Sanford C. Bernstein raised their price target on shares of Dell Technologies from $175.00 to $180.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 8th. TD Cowen raised their target price on shares of Dell Technologies from $130.00 to $150.00 and gave the stock a “hold” rating in a report on Wednesday, October 8th. Bank of America lifted their price target on shares of Dell Technologies from $160.00 to $163.00 and gave the company a “buy” rating in a research report on Wednesday. Susquehanna increased their price target on Dell Technologies from $120.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 8th. Finally, Argus raised their price objective on Dell Technologies from $150.00 to $200.00 and gave the stock a “buy” rating in a research note on Thursday, October 9th. Seventeen analysts have rated the stock with a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $161.05.

Dell Technologies Price Performance

Shares of NYSE: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 stock has a market capitalization of $89.46 billion, a price-to-earnings ratio of 17.74, a price-to-earnings-growth ratio of 1.01 and a beta of 1.02. The company’s 50 day simple moving average is $143.67 and its 200 day simple moving average 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 for the quarter, topping the consensus estimate 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 firm had revenue of $27.01 billion during the quarter, compared to analysts’ expectations of $27.26 billion. During the same period in the prior year, the company earned $2.15 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. 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, analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 31st. Investors of record on Tuesday, October 21st were paid a $0.525 dividend. The ex-dividend date of this dividend was Tuesday, October 21st. This represents a $2.10 annualized dividend and a yield of 1.6%. Dell Technologies’s dividend payout ratio (DPR) is 28.00%.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 565,000 shares of the business’s stock in a transaction dated Thursday, September 18th. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction that occurred on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total transaction of $112,183,364.02. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,537,755 shares of company stock valued at $642,644,973. Insiders own 42.00% of the company’s stock.

About Dell Technologies

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).