QRG Capital Management Inc. Sells 3,881 Shares of Dell Technologies Inc. $DELL

QRG Capital Management Inc. decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 6.0% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 60,841 shares of the technology company’s stock after selling 3,881 shares during the quarter. QRG Capital Management Inc.’s holdings in Dell Technologies were worth $7,459,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of DELL. Smallwood Wealth Investment Management LLC bought a new stake in Dell Technologies in the first quarter valued at approximately $25,000. N.E.W. Advisory Services LLC bought a new stake in Dell Technologies in the first quarter valued at approximately $26,000. Cheviot Value Management LLC bought a new stake in Dell Technologies in the first quarter valued at approximately $27,000. Flaharty Asset Management LLC acquired a new position in shares of Dell Technologies in the first quarter valued at approximately $27,000. Finally, Cullen Frost Bankers Inc. grew its position in shares of Dell Technologies by 270.7% in the first quarter. Cullen Frost Bankers Inc. now owns 304 shares of the technology company’s stock valued at $28,000 after purchasing an additional 222 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on DELL shares. Morgan Stanley upped their target price on Dell Technologies from $135.00 to $144.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. Raymond James Financial upped their target price on Dell Technologies from $150.00 to $152.00 and gave the company an “outperform” rating in a research report on Friday, August 29th. Barclays upped their target price on Dell Technologies from $131.00 to $133.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 17th. Citigroup upped their target price on Dell Technologies from $135.00 to $160.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Finally, KeyCorp started coverage on Dell Technologies in a research report on Thursday, June 26th. They issued a “sector weight” rating on the stock. Sixteen research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $148.67.

Insiders Place Their Bets

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 2,220 shares of the firm’s stock in a transaction on Thursday, October 2nd. The stock was sold at an average price of $146.07, for a total value of $324,275.40. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Iv (Gp) L.L.C. Slta sold 824,999 shares of the firm’s stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $135.98, for a total value of $112,183,364.02. The disclosure for this sale can be found here. In the last 90 days, insiders sold 3,781,682 shares of company stock worth $505,183,267. 42.00% of the stock is owned by company insiders.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $140.64 on Monday. The company has a market capitalization of $94.56 billion, a P/E ratio of 20.68, a P/E/G ratio of 0.96 and a beta of 1.05. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $152.10. The business’s 50 day simple moving average is $131.84 and its 200 day simple moving average is $115.16.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.29 by $0.03. The business had revenue of $29.78 billion for the quarter, compared to the consensus estimate of $29.14 billion. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The firm’s quarterly revenue was up 19.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.89 earnings per share. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Shareholders of record on Tuesday, October 21st will be issued a $0.525 dividend. This represents a $2.10 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 30.88%.

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).