Dell Technologies Inc. $DELL Shares Sold by Formidable Asset Management LLC

Formidable Asset Management LLC cut its holdings in Dell Technologies Inc. (NYSE:DELL) by 63.5% during the first quarter, Holdings Channel reports. The institutional investor owned 6,747 shares of the technology company’s stock after selling 11,713 shares during the quarter. Formidable Asset Management LLC’s holdings in Dell Technologies were worth $1,107,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DELL. Campbell Capital Management Inc. grew its position in Dell Technologies by 34.0% during the fourth quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock worth $10,094,000 after buying an additional 20,362 shares during the period. ProShare Advisors LLC lifted its position in shares of Dell Technologies by 10.5% during the 4th quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock valued at $10,157,000 after acquiring an additional 7,642 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund acquired a new stake in shares of Dell Technologies during the 4th quarter valued at approximately $23,332,000. Tectonic Advisors LLC purchased a new stake in shares of Dell Technologies during the 4th quarter worth approximately $5,620,000. Finally, B. Metzler seel. Sohn & Co. AG grew its holdings in shares of Dell Technologies by 156.2% in the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 119,263 shares of the technology company’s stock worth $16,908,000 after acquiring an additional 72,712 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Key Stories Impacting Dell Technologies

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 Stock Down 1.1%

DELL opened at $394.93 on Monday. The firm has a market cap of $255.96 billion, a P/E ratio of 31.37, a PEG ratio of 0.85 and a beta of 1.30. The business’s fifty day simple moving average is $311.46 and its 200 day simple moving average is $198.86. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week 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 for the quarter, beating the consensus estimate of $2.96 by $1.90. The firm had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The firm’s revenue for the quarter was up 87.5% on a year-over-year basis. During the same quarter in the previous year, the company 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. As a group, equities analysts expect that Dell Technologies Inc. will post 17.74 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be given a dividend of $0.63 per share. The ex-dividend date 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 (DPR) is 20.02%.

Insider Transactions at Dell Technologies

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

Analysts Set New Price Targets

Several research firms recently weighed in on DELL. Wall Street Zen raised Dell Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Barclays cut Dell Technologies from an “overweight” rating to a “reduce” rating in a research report on Friday, May 29th. Wells Fargo & Company lifted their price target on Dell Technologies from $270.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. CLSA upgraded shares of Dell Technologies to an “outperform” rating in a research report on Friday, May 29th. Finally, Melius Research set a $565.00 price objective on shares of Dell Technologies in a research note on Friday, May 29th. One 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 given a Sell rating to the company’s stock. According to data from MarketBeat, Dell Technologies currently has an average rating of “Moderate Buy” and a consensus target price of $490.38.

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.