Dell Technologies Inc. $DELL Shares Bought by Austin Asset Management Co Inc

Austin Asset Management Co Inc lifted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 14.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,772 shares of the technology company’s stock after acquiring an additional 2,222 shares during the period. Dell Technologies comprises approximately 0.5% of Austin Asset Management Co Inc’s holdings, making the stock its 21st largest holding. Austin Asset Management Co Inc’s holdings in Dell Technologies were worth $2,917,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in DELL. Frank Rimerman Advisors LLC boosted its holdings in Dell Technologies by 14.3% in the first quarter. Frank Rimerman Advisors LLC now owns 8,406 shares of the technology company’s stock worth $1,380,000 after purchasing an additional 1,053 shares during the period. Axxcess Wealth Management LLC raised its holdings in shares of Dell Technologies by 74.7% during the first quarter. Axxcess Wealth Management LLC now owns 8,901 shares of the technology company’s stock worth $1,461,000 after purchasing an additional 3,807 shares during the period. Childress Capital Advisors LLC acquired a new stake in shares of Dell Technologies during the first quarter worth $304,000. Marino Stram & Associates LLC bought a new position in shares of Dell Technologies in the 1st quarter worth about $201,000. Finally, Geneva Partners LLC acquired a new position in shares of Dell Technologies in the 1st quarter valued at about $5,417,000. 76.37% of the stock is currently owned by institutional investors.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Evercore reportedly raised its price target on Dell Technologies (DELL) on stronger AI demand expectations, reinforcing the market’s view that Dell’s AI server business still has room to grow. Dell Technologies in spotlight as Evercore ups price target on AI prospects
• Positive Sentiment: Recent trading chatter and a “power inflow” signal point to strong buying pressure in DELL, with traders betting on continued momentum in the stock. Dell Shares Rise 4% After Key Trading Signal
• Positive Sentiment: Media attention around President Trump repeatedly urging Americans to “buy Dell” has added to the stock’s visibility and helped fuel momentum in DELL. Dell Stock Jumps After Trump Urges Americans to ‘Buy Dell Computers’
• Neutral Sentiment: Multiple disclosures showed large equity sales by Silver Lake-related directors at about $410.52 per share, which may raise questions about insider sentiment but do not necessarily change Dell’s operating outlook. SEC filing
• Negative Sentiment: The insider selling is sizable, with several directors cutting positions by more than 60%, which could weigh on investor confidence in Dell Technologies (DELL) even amid the bullish AI narrative. SEC filing
• Negative Sentiment: Separately, a July 6 filing changed Dell’s bylaws to tighten shareholder proposal requirements, which some investors may view as reducing governance influence. Will Dell’s Tougher Shareholder Proposal Rules Reshape Its AI Strategy And Governance Balance (DELL)?

Insider Activity at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the company’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 sale, the director directly owned 24,287 shares of the company’s stock, valued at approximately $11,123,203.13. This represents a 88.66% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, COO Jeffrey W. Clarke sold 116,000 shares of the stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $182.48, for a total transaction of $21,167,680.00. Following the completion of the transaction, the chief operating officer owned 1,687,414 shares of the company’s stock, valued at $307,919,306.72. This trade represents a 6.43% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 4,055,405 shares of company stock worth $1,471,039,891 in the last 90 days. Corporate insiders own 41.50% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on DELL. Argus boosted their price objective on shares of Dell Technologies from $200.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Roth Capital started coverage on Dell Technologies in a research note on Friday, May 29th. They issued a “buy” rating for the company. Citic Securities upped their target price on Dell Technologies from $160.00 to $505.00 and gave the company a “buy” rating in a report on Monday, June 1st. TD Cowen raised their price target on Dell Technologies from $150.00 to $450.00 and gave the stock a “hold” rating in a report on Friday, May 29th. Finally, The Goldman Sachs Group boosted their price objective on Dell Technologies from $230.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $492.76.

Dell Technologies Price Performance

Shares of DELL stock opened at $431.97 on Thursday. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $469.47. The firm has a market capitalization of $279.96 billion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 0.89 and a beta of 1.31. The business has a 50 day simple moving average of $344.59 and a 200 day simple moving average of $214.76.

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, topping analysts’ consensus estimates of $2.96 by $1.90. The company had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The firm’s quarterly revenue was up 87.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.55 EPS. 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, equities analysts anticipate that Dell Technologies Inc. will post 17.74 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $2.52 annualized dividend and a yield of 0.6%. Dell Technologies’s dividend payout ratio (DPR) is presently 20.02%.

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.