Kestra Investment Management LLC Buys New Shares in Dell Technologies Inc. $DELL

Kestra Investment Management LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,192 shares of the technology company’s stock, valued at approximately $528,000.

A number of other hedge funds also recently modified their holdings of the company. Navalign LLC acquired a new stake in shares of Dell Technologies during the 4th quarter worth approximately $29,000. WealthCollab LLC raised its stake in shares of Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. iA Global Asset Management Inc. bought a new position in Dell Technologies in the fourth quarter worth $32,000. State of Wyoming acquired a new stake in Dell Technologies during the second quarter worth $33,000. Finally, Westside Investment Management Inc. increased its holdings in Dell Technologies by 35.8% in the 3rd quarter. Westside Investment Management Inc. now owns 296 shares of the technology company’s stock valued at $43,000 after buying an additional 78 shares during the period. Institutional investors own 76.37% of the company’s stock.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Dell won a roughly $9.7 billion Pentagon deal to consolidate and manage Microsoft software licenses for the U.S. Department of Defense, a headline that signals a large, high-profile revenue opportunity and is helping drive the stock higher. CNBC article on Dell Pentagon software deal
• Positive Sentiment: Investor enthusiasm is also being fueled by expectations that Dell’s fiscal first-quarter results will show strong AI-server demand, with analysts pointing to robust infrastructure solutions growth and potentially very large AI server revenue contributions. Zacks article on Dell AI server earnings preview
• Positive Sentiment: Momentum in Dell shares has been reinforced by a broader AI hardware rally and recent product/infrastructure announcements, including a $1.6 billion deal for Dell systems tied to IREN’s Nvidia Blackwell deployment, which underscores demand for Dell’s AI-ready hardware. Yahoo Finance article on IREN and Dell Blackwell deal
• Neutral Sentiment: Several previews and commentary pieces note that Dell’s stock has already had a huge run-up, so the upcoming earnings report is now a key test of whether AI demand can justify the valuation and sustain the recent rally. Benzinga earnings preview
• Negative Sentiment: There is still some risk that PC competition and broader macro pressure could weigh on margins, especially if the company’s earnings or guidance do not match the elevated expectations built into the stock. Zacks earnings article

Wall Street Analyst Weigh In

A number of research firms have recently commented on DELL. Weiss Ratings raised shares of Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday, May 15th. Bank of America increased their price target on shares of Dell Technologies from $246.00 to $280.00 and gave the stock a “buy” rating in a research report on Monday, May 18th. Raymond James Financial lifted their price objective on Dell Technologies from $166.00 to $182.00 and gave the company an “outperform” rating in a report on Friday, February 27th. Truist Financial started coverage on Dell Technologies in a report on Tuesday, March 31st. They issued a “hold” rating and a $170.00 target price for the company. Finally, Mizuho raised their target price on Dell Technologies from $215.00 to $260.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 6th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $211.32.

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Ellen Jamison Kullman sold 150,346 shares of the stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $145.13, for a total transaction of $21,819,714.98. Following the sale, the director directly owned 65,662 shares in the company, valued at $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. In the last quarter, insiders have sold 3,571,688 shares of company stock worth $576,654,105. 41.50% of the stock is owned by corporate insiders.

Dell Technologies Stock Performance

Shares of DELL opened at $305.11 on Thursday. The company has a market cap of $197.02 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.12 and a beta of 0.99. The stock has a fifty day moving average price of $208.08 and a two-hundred day moving average price of $156.33. Dell Technologies Inc. has a 52-week low of $106.38 and a 52-week high of $312.14.

Dell Technologies (NYSE:DELL) last announced its earnings results on Thursday, February 26th. The technology company reported $3.89 EPS for the quarter, topping the consensus estimate of $3.53 by $0.36. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The company had revenue of $33.38 billion for the quarter, compared to analysts’ expectations of $31.60 billion. During the same quarter in the prior year, the business earned $2.68 earnings per share. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, research analysts predict that Dell Technologies Inc. will post 12.21 EPS for the current fiscal year.

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.