Jennison Associates LLC Has $160.71 Million Stock Holdings in Dell Technologies Inc. $DELL

Jennison Associates LLC grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 7.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,276,677 shares of the technology company’s stock after purchasing an additional 88,712 shares during the quarter. Jennison Associates LLC’s holdings in Dell Technologies were worth $160,708,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in DELL. WealthCollab LLC raised 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 purchasing an additional 114 shares during the last quarter. State of Wyoming bought a new position in Dell Technologies during the 2nd quarter worth approximately $33,000. Red Tortoise LLC bought a new position in Dell Technologies during the 3rd quarter worth approximately $36,000. J.Safra Asset Management Corp bought a new position in Dell Technologies during the 3rd quarter worth approximately $43,000. Finally, Westside Investment Management Inc. raised its holdings in Dell Technologies by 35.8% during the 3rd quarter. Westside Investment Management Inc. now owns 296 shares of the technology company’s stock worth $43,000 after purchasing an additional 78 shares during the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Down 0.3%

Shares of DELL stock opened at $205.11 on Thursday. The firm has a market capitalization of $132.45 billion, a PE ratio of 23.50, a price-to-earnings-growth ratio of 0.88 and a beta of 0.88. The firm has a fifty day simple moving average of $167.33 and a two-hundred day simple moving average of $144.05. Dell Technologies Inc. has a 12 month low of $91.79 and a 12 month high of $221.50.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 EPS for the quarter, beating analysts’ consensus estimates of $3.53 by $0.36. The business had revenue of $33.38 billion during the quarter, compared to analyst estimates of $31.60 billion. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. Dell Technologies’s quarterly revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.68 EPS. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. On average, equities analysts predict that Dell Technologies Inc. will post 11.9 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Shareholders of record on Tuesday, April 21st will be paid a dividend of $0.63 per share. This is a boost from Dell Technologies’s previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, April 21st. This represents a $2.52 dividend on an annualized basis and a yield of 1.2%. Dell Technologies’s dividend payout ratio (DPR) is presently 28.90%.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Dbs Bank upgraded shares of Dell Technologies to a “moderate buy” rating in a report on Monday, January 5th. Evercore lifted their price objective on shares of Dell Technologies from $205.00 to $240.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. Zacks Research upgraded shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Morgan Stanley lifted their price objective on shares of Dell Technologies from $101.00 to $110.00 and gave the company an “underweight” rating in a research note on Tuesday. Finally, Wolfe Research initiated coverage on shares of Dell Technologies in a research note on Thursday, April 9th. They issued a “peer perform” rating for the company. One analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $183.68.

Key Headlines Impacting Dell Technologies

Here are the key news stories impacting Dell Technologies this week:

• Positive Sentiment: Bank of America raised its price target to $246 and reiterated a Buy, citing a surge in agentic AI infrastructure demand that should buoy Dell’s server and storage revenue. This is a clear near-term catalyst for momentum. Bank of America Highlights Growing AI Infrastructure Spend for Dell Technologies (DELL)
• Positive Sentiment: Dell expanded its go-to-market for AI-ready data infrastructure via a strategic partnership with Trust3 AI (formerly Privacera), integrating unified governance into Dell’s Data Lakehouse — strengthens enterprise AI pipeline and recurring-software/service monetization. Trust3 AI and Dell Technologies Partner to Deliver Secure, Governed, AI-Ready Data Lakehouse Infrastructure
• Positive Sentiment: Multiple bullish research notes and price-target raises (including a recent street-high target cited by Barchart and constructive calls from 24/7 Wall St.) reinforce expectations for continued AI-server demand and justify higher valuation multiples. Dell Stock Just Got a New Street-High Price Target. Should You Buy Shares Here?
• Positive Sentiment: Positive PR and recognition — Dell featured in Time’s Time100 Companies — supports brand/enterprise credibility during its AI transition. Dell Technologies — Time
• Neutral Sentiment: Product coverage: reviews of new XPS laptops and PowerMax storage highlight ongoing consumer and enterprise product activity; useful for brand strength but less immediately material than AI/server momentum. Dell PowerMax takes storage into the future
• Neutral Sentiment: Legaltech / AI governance coverage (Paul Weiss, Dell) and other industry context articles signal growing focus on safe, governed AI deployments — supportive over time but incremental. Legaltech Connect: How Paul Weiss, Dell Evaluate AI
• Negative Sentiment: Morgan Stanley raised its price target modestly but maintained an Underweight rating, highlighting valuation/competitive concerns — a cautionary note that could cap near-term upside if more sell-side firms echo it. Morgan Stanley Adjusts Dell Technologies Price Target

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, insider William F. Scannell sold 143,067 shares of the business’s stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the completion of the sale, the insider owned 21,779 shares in the company, valued at approximately $3,593,535. The trade was a 86.79% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO David Alan Kennedy sold 19,500 shares of the business’s stock in a transaction on Thursday, April 9th. The shares were sold at an average price of $182.53, for a total transaction of $3,559,335.00. Following the sale, the chief financial officer owned 183,097 shares of the company’s stock, valued at $33,420,695.41. This trade represents a 9.63% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,571,688 shares of company stock worth $576,654,105 in the last ninety days. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies Profile

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.