Dell Technologies Inc. $DELL Stock Holdings Boosted by Sterling Capital Management LLC

Sterling Capital Management LLC boosted its position in shares of Dell Technologies Inc. (NYSE:DELL) by 16.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 52,034 shares of the technology company’s stock after buying an additional 7,343 shares during the quarter. Sterling Capital Management LLC’s holdings in Dell Technologies were worth $8,540,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Norges Bank purchased a new position in Dell Technologies in the 4th quarter worth about $607,349,000. Wellington Management Group LLP boosted its holdings in shares of Dell Technologies by 4,279.1% in the third quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock worth $426,129,000 after buying an additional 2,937,137 shares during the period. Invesco Ltd. increased its position in shares of Dell Technologies by 50.4% in the fourth quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after acquiring an additional 2,445,854 shares in the last quarter. Michael & Susan Dell Foundation raised its holdings in shares of Dell Technologies by 533.3% during the fourth quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock valued at $337,652,000 after acquiring an additional 2,258,797 shares during the period. Finally, Franklin Resources Inc. lifted its position in shares of Dell Technologies by 541.9% in the 3rd quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company’s stock valued at $283,052,000 after acquiring an additional 1,685,529 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insiders Place Their Bets

In other news, Director Silver Lake Partners V. De (Aiv sold 20,095 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $403.12, for a total transaction of $8,100,696.40. Following the completion of the transaction, the director directly owned 50,381 shares of the company’s stock, valued at approximately $20,309,588.72. This trade represents a 28.51% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Spv-2 L.P. Sl sold 34,257 shares of Dell Technologies stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $403.12, for a total value of $13,809,681.84. Following the sale, the director directly owned 91,809 shares in the company, valued at $37,010,044.08. The trade was a 27.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,885,274 shares of company stock valued at $1,396,987,916 in the last quarter. 41.50% of the stock is currently owned by insiders.

Analyst Ratings Changes

DELL has been the topic of several research analyst reports. William Blair assumed coverage on shares of Dell Technologies in a research report on Monday, June 1st. They set a “neutral” rating on the stock. Roth Mkm initiated coverage on Dell Technologies in a research report on Friday, May 29th. They issued a “buy” rating for the company. Sanford C. Bernstein upped their price target on Dell Technologies from $280.00 to $500.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Morgan Stanley increased their price objective on Dell Technologies from $448.00 to $477.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, HSBC raised Dell Technologies to a “buy” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $490.38.

More Dell Technologies News

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

• Positive Sentiment: Dell is still being viewed as a major AI infrastructure winner, with reports pointing to strong demand for AI servers, a record AI backlog, and favorable commentary from analysts who remain constructive on the stock. Goldman Sachs Raises Price Target on Dell Technologies Following Strong AI Server Demand
• Positive Sentiment: Wall Street remains generally bullish, with multiple firms raising price targets after Dell’s strong earnings and management’s upbeat outlook for AI-driven growth. Dell Technologies Inc. Stock Forecast
• Positive Sentiment: Shareholders approved moving Dell’s legal home from Delaware to Texas, a symbolic win for Michael Dell and a move management says better reflects the company’s roots and business identity. Dell shareholders approve legal move from Delaware to Texas
• Neutral Sentiment: Dell is drawing extra investor attention ahead of earnings and after a big rally, but several of the recent articles are mostly momentum and interest pieces rather than new fundamental updates. Dell Technologies is Attracting Investor Attention
• Neutral Sentiment: A director sold shares under a pre-arranged 10b5-1 plan, which is routine but can still add a little pressure to sentiment. Director Lynn Vojvodich Radakovich stock sale
• Negative Sentiment: The stock also faced selling pressure after a brokerage downgrade raised valuation concerns and worried that some of Dell’s AI-related upside may already be priced in. Dell Shares Tumble Following Analyst Downgrade to Hold
• Negative Sentiment: Broader commentary about rising memory-chip costs and hardware margin pressure has also weighed on Dell shares, since higher component prices could squeeze profitability across the PC and server businesses. Apple hikes prices as memory chip costs skyrocket

Dell Technologies Trading Down 3.5%

Shares of NYSE:DELL opened at $394.93 on Friday. The stock has a market capitalization of $255.96 billion, a PE ratio of 31.37, a P/E/G ratio of 0.88 and a beta of 1.30. The firm has a fifty day moving average price of $311.46 and a 200 day moving average price of $198.45. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $469.47.

Dell Technologies (NYSE:DELL) last announced its 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. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The firm had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $35.74 billion. During the same quarter in the prior year, the business earned $1.55 earnings per share. 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. On average, sell-side analysts forecast that Dell Technologies Inc. will post 17.74 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. Dell Technologies’s dividend payout ratio is 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.