Mitchell Capital Management Co. Sells 2,339 Shares of Dell Technologies Inc. $DELL

Mitchell Capital Management Co. lessened its position in shares of Dell Technologies Inc. (NYSE:DELL) by 5.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 44,794 shares of the technology company’s stock after selling 2,339 shares during the period. Dell Technologies comprises approximately 1.0% of Mitchell Capital Management Co.’s portfolio, making the stock its 25th biggest holding. Mitchell Capital Management Co.’s holdings in Dell Technologies were worth $5,639,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DELL. Brighton Jones LLC increased its position in Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after purchasing an additional 901 shares in the last quarter. Sivia Capital Partners LLC acquired a new position in Dell Technologies during the 2nd quarter worth approximately $328,000. Marshall Wace LLP acquired a new position in Dell Technologies during the 2nd quarter worth approximately $809,000. Gamco Investors INC. ET AL increased its position in Dell Technologies by 30.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock worth $819,000 after purchasing an additional 1,550 shares in the last quarter. Finally, NewEdge Advisors LLC increased its position in Dell Technologies by 147.2% during the 2nd quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock worth $7,112,000 after purchasing an additional 34,538 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $146.83, for a total transaction of $74,883,300.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ellen Jamison Kullman sold 150,346 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $145.13, for a total transaction of $21,819,714.98. Following the sale, the director owned 65,662 shares of the company’s stock, valued at approximately $9,529,526.06. This trade represents a 69.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 3,571,688 shares of company stock valued at $576,654,105. Corporate insiders own 41.50% of the company’s stock.

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $420.96 on Friday. Dell Technologies Inc. has a 52-week low of $106.38 and a 52-week high of $429.15. The firm has a 50 day moving average price of $216.82 and a two-hundred day moving average price of $159.38. The stock has a market cap of $271.83 billion, a P/E ratio of 33.44, a price-to-earnings-growth ratio of 1.55 and a beta of 0.99.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 324.36%. The firm had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $35.74 billion. During the same period in the prior year, the company posted $1.55 EPS. The company’s revenue was up 87.5% on a year-over-year basis. 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. Analysts predict that Dell Technologies Inc. will post 12.21 earnings per share for the current fiscal year.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell reported revenue of $43.8 billion, up 88% year over year, and EPS of $4.86, far above Wall Street expectations, signaling a major earnings beat. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI server demand was the main catalyst: Dell said AI-optimized server revenue jumped 757% to $16.1 billion, with $24.4 billion of AI orders and a record backlog, showing demand remains very strong. Reuters: Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Management raised full-year guidance to $165 billion-$169 billion in revenue and lifted AI-server revenue expectations, which suggests the growth surge may continue into the next quarters. WSJ: Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets sharply, which can add momentum to the stock. Benzinga: Dell’s AI-Fueled Surge May Be Far From Over
• Neutral Sentiment: The Pentagon contract is strategically important and supports Dell’s enterprise/software relationships, but investors appear to be focusing more on the AI-server earnings beat than the contract itself. CNBC: Dell wins a $9.7 billion Pentagon software deal

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on DELL. Raymond James Financial cut shares of Dell Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday. The Goldman Sachs Group upped their price objective on shares of Dell Technologies from $215.00 to $230.00 in a research report on Thursday, April 30th. TD Cowen upped their price objective on shares of Dell Technologies from $150.00 to $450.00 and gave the stock a “hold” rating in a research report on Friday. Wells Fargo & Company upped their price objective on shares of Dell Technologies from $270.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Piper Sandler upped their price objective on shares of Dell Technologies from $167.00 to $497.00 and gave the stock an “overweight” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $421.00.

Dell Technologies Company 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.