Allworth Financial LP Has $28.15 Million Stake in Dell Technologies Inc. $DELL

Allworth Financial LP reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 51.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 65,239 shares of the technology company’s stock after selling 70,400 shares during the quarter. Allworth Financial LP’s holdings in Dell Technologies were worth $28,148,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DELL. Commonwealth Retirement Investments LLC acquired a new position in Dell Technologies during the 4th quarter worth $25,000. Rossby Financial LCC increased its stake in shares of Dell Technologies by 968.4% in the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after buying an additional 184 shares during the period. Cornerstone Financial Management LLC raised its position in shares of Dell Technologies by 56.1% during the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock worth $28,000 after acquiring an additional 23 shares during the last quarter. Navalign LLC acquired a new position in shares of Dell Technologies during the fourth quarter valued at $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Dell Technologies during the fourth quarter valued at $29,000. Institutional investors own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Loop Capital lifted their price objective on Dell Technologies from $150.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. KeyCorp reaffirmed a “sector weight” rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. Piper Sandler reiterated an “overweight” rating and set a $558.00 price target (up from $497.00) on shares of Dell Technologies in a research report on Wednesday, September 2nd. Mizuho increased their price objective on shares of Dell Technologies from $500.00 to $600.00 and gave the company an “outperform” rating in a report on Wednesday, September 2nd. Finally, Sanford C. Bernstein raised their price objective on shares of Dell Technologies from $500.00 to $650.00 and gave the company an “outperform” rating in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $553.79.

Insiders Place Their Bets

In related news, Director Lynn Vojvodich Radakovich sold 2,022 shares of the firm’s stock in a transaction on Monday, August 24th. The shares were sold at an average price of $438.21, for a total transaction of $886,060.62. Following the sale, the director directly owned 25,267 shares in the company, valued at $11,072,252.07. This trade represents a 7.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Spv-2 L.P. Sl sold 59,492 shares of the business’s stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total transaction of $26,982,001.68. Following the completion of the sale, the director directly owned 89,222 shares in the company, valued at $40,465,745.88. This represents a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 1,124,788 shares of company stock valued at $459,356,512 in the last quarter. 41.50% of the stock is owned by company insiders.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: Exceptional earnings and AI demand: Dell reported quarterly revenue of $46.97 billion, ahead of the $44.89 billion consensus estimate, while adjusted earnings per share of $7.04 exceeded expectations by $2.13. Revenue rose 57.7% year over year, and reported AI infrastructure backlog reached approximately $95 billion. The results prompted analysts to raise price targets. Dell Technologies Stock Soars as AI Revenue and Earnings Crush Forecasts
• Positive Sentiment: On-premises AI positioning: Recent coverage argues that Dell is benefiting from an overlooked enterprise trend: companies are purchasing servers, storage and networking equipment to run AI workloads in their own data centers. This expands Dell’s opportunity beyond traditional PCs and strengthens the case that its AI growth can persist. Dell’s latest reinvention reveals the AI buildout on-premise
• Positive Sentiment: Investor and index support: Wall Street commentary describes Dell as a leading alternative to higher-valued AI stocks, while its strong earnings growth and momentum have attracted institutional buyers. Dell’s addition to the S&P 100 may also increase visibility and create potential demand from index-tracking funds. Dell and HPE Posted Record Revenue
• Positive Sentiment: Broader product opportunities: Dell is expanding its consumer PC lineup with the lower-priced 14S laptop as consumer revenue improves. The company is also collaborating with Texas A&M on AI-enabled experiential learning, supporting its commercial and education ecosystem. DELL Expands Consumer PC Reach
• Neutral Sentiment: Near-term risks: After a substantial rally, valuation and profit-taking could increase volatility. Dell also faces competition from HP and Apple in PCs, while investors will monitor whether its AI backlog converts into revenue and expanding margins. Cautious markets, higher bond yields and fund outflows could temporarily limit further gains.

Dell Technologies Stock Up 1.7%

Dell Technologies stock traded up $9.13 during mid-day trading on Tuesday, hitting $533.27. 6,649,771 shares of the company’s stock were exchanged, compared to its average volume of 8,365,311. The company’s 50 day simple moving average is $441.51 and its 200-day simple moving average is $313.17. The firm has a market capitalization of $345.62 billion, a P/E ratio of 30.95, a PEG ratio of 0.54 and a beta of 1.34. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $538.47.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%.The firm had revenue of $46.97 billion during the quarter, compared to analysts’ expectations of $44.89 billion. During the same period in the previous year, the firm earned $1.70 earnings per share. The company’s revenue was up 57.7% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. Research analysts expect that Dell Technologies Inc. will post 25.14 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be given a $0.63 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.5%. Dell Technologies’s payout ratio is currently 14.63%.

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.