USS Investment Management Ltd Sells 3,422 Shares of Dell Technologies Inc. $DELL

USS Investment Management Ltd trimmed its stake in Dell Technologies Inc. (NYSE:DELL) by 5.6% in the 4th quarter, HoldingsChannel reports. The fund owned 57,241 shares of the technology company’s stock after selling 3,422 shares during the quarter. USS Investment Management Ltd’s holdings in Dell Technologies were worth $7,205,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in DELL. Norges Bank bought a new position in shares of Dell Technologies in the 4th quarter worth $607,349,000. Wellington Management Group LLP raised its position in shares of Dell Technologies by 4,279.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock worth $426,129,000 after acquiring an additional 2,937,137 shares in the last quarter. Invesco Ltd. raised its position in shares of Dell Technologies by 82.3% in the 3rd quarter. Invesco Ltd. now owns 4,855,154 shares of the technology company’s stock worth $688,315,000 after acquiring an additional 2,191,317 shares in the last quarter. Franklin Resources Inc. raised 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 worth $283,052,000 after acquiring an additional 1,685,529 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Dell Technologies by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company’s stock worth $3,957,850,000 after acquiring an additional 1,355,841 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

DELL has been the topic of several recent analyst reports. Melius Research set a $565.00 target price on Dell Technologies in a research report on Friday, May 29th. Susquehanna set a $289.00 price target on Dell Technologies and gave the company a “neutral” rating in a research note on Friday, May 29th. TD Cowen upped their target price on Dell Technologies from $150.00 to $450.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. The Goldman Sachs Group upped their price target on Dell Technologies from $230.00 to $500.00 and gave the stock a “buy” rating in a report on Monday, June 1st. Finally, Raymond James Financial cut Dell Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $475.76.

Key Dell Technologies News

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

• Positive Sentiment: Several recent articles argue Dell is benefiting from strong AI and server demand, with one piece highlighting a “$1.24 trillion reason” to buy the stock and citing expanding market share and rising growth forecasts. A $1.24 Trillion Reason to Buy Dell Stock Now
• Positive Sentiment: Wall Street sentiment remains constructive, with brokerage recommendations on Dell averaging to a Buy, supporting the case that investors still see upside in the shares. Wall Street Analysts Think Dell Technologies (DELL) Is a Good Investment: Is It?
• Positive Sentiment: Dell was also described as a trending stock across financial media, reflecting heightened investor interest and momentum after a sharp rally this year. Dell Technologies Inc. (DELL) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: AMD’s new UK AI investment includes collaborations with Dell Technologies on AI supercomputing infrastructure, which could reinforce Dell’s role in AI systems but is not a direct earnings announcement for Dell. Is AMD’s £2 Billion UK AI Bet Altering The Investment Case For Advanced Micro Devices (AMD)?
• Negative Sentiment: Three Dell directors, including Silver Lake-related entities, disclosed sizable stock sales at $380.25 per share, which can raise concerns about insider confidence even though the sales were disclosed and may be routine. SEC filing: Director Spv-2 L.P. Sl sale SEC filing: Silver Lake Partners Iv, L.P. sale SEC filing: Silver Lake Partners V. De (Aiv sale
• Negative Sentiment: One industry report said Dell and HPE server supply is being disrupted by a memory crunch, a potential headwind if component shortages pressure shipments or margins. Dell, HPE server supply upended by memory crunch

Insiders Place Their Bets

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 62,403 shares of the firm’s stock in a transaction on Thursday, June 11th. The stock was sold at an average price of $380.25, for a total transaction of $23,728,740.75. Following the completion of the sale, the director owned 57,380 shares of the company’s stock, valued at $21,818,745. This trade represents a 52.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Spv-2 L.P. Sl sold 54,093 shares of Dell Technologies stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $380.25, for a total value of $20,568,863.25. Following the completion of the sale, the director directly owned 75,341 shares of the company’s stock, valued at $28,648,415.25. The trade was a 41.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 4,901,198 shares of company stock valued at $1,521,626,975 over the last quarter. 41.50% of the stock is owned by insiders.

Dell Technologies Stock Performance

NYSE:DELL opened at $408.33 on Tuesday. The stock has a 50 day moving average price of $269.31 and a 200 day moving average price of $181.19. Dell Technologies Inc. has a one year low of $110.22 and a one year high of $469.47. The stock has a market cap of $263.68 billion, a PE ratio of 32.43, a P/E/G ratio of 0.85 and a beta of 1.30.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same period in the previous year, the firm earned $1.55 earnings per share. Dell Technologies’s quarterly revenue was up 87.5% compared to the same quarter last year. 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. As a group, analysts predict that Dell Technologies Inc. will post 17.6 earnings per share for the current fiscal year.

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.