Sky Investment Group LLC Increases Stock Holdings in Dell Technologies Inc. $DELL

Sky Investment Group LLC boosted its holdings in Dell Technologies Inc. (NYSE:DELL) by 7.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,995 shares of the technology company’s stock after purchasing an additional 1,310 shares during the quarter. Sky Investment Group LLC’s holdings in Dell Technologies were worth $2,954,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in DELL. Pinnacle Associates Ltd. grew its holdings in Dell Technologies by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 21,631 shares of the technology company’s stock valued at $3,067,000 after buying an additional 78 shares during the period. Lindenwold Advisors INC boosted its position in shares of Dell Technologies by 1.0% in the third quarter. Lindenwold Advisors INC now owns 9,185 shares of the technology company’s stock worth $1,302,000 after acquiring an additional 87 shares during the last quarter. Ancora Advisors LLC grew its holdings in Dell Technologies by 18.6% in the third quarter. Ancora Advisors LLC now owns 556 shares of the technology company’s stock valued at $79,000 after purchasing an additional 87 shares during the period. TIAA Trust National Association increased its position in Dell Technologies by 1.2% during the third quarter. TIAA Trust National Association now owns 7,461 shares of the technology company’s stock worth $1,058,000 after purchasing an additional 89 shares during the last quarter. Finally, Trust Co. of Vermont increased its position in Dell Technologies by 20.8% during the fourth quarter. Trust Co. of Vermont now owns 528 shares of the technology company’s stock worth $66,000 after purchasing an additional 91 shares during the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

More Dell Technologies News

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

• Positive Sentiment: Dell’s AI server and rack-scale infrastructure business continues to gain traction, with reports of major shipments and strong demand supporting the growth narrative.
• Positive Sentiment: Market commentary continues to view Dell as a top AI and enterprise infrastructure play, reinforcing investor interest in the stock.
• Positive Sentiment: Coverage noting Michael Dell’s rising wealth underscores how strongly the shares have performed and helped keep sentiment upbeat.
• Neutral Sentiment: Dell’s newly announced quarterly dividend supports the stock’s income profile, but it is not the main driver of the move.
• Negative Sentiment: Recent insider selling by executives and directors may create some near-term caution around valuation and sentiment.
• Negative Sentiment: Some investors are questioning whether Dell’s premium valuation leaves less room for upside after a sharp run.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on DELL. Sanford C. Bernstein lifted their price target on shares of Dell Technologies from $280.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, May 29th. William Blair assumed coverage on Dell Technologies in a report on Monday, June 1st. They set a “neutral” rating for the company. Piper Sandler lifted their target price on Dell Technologies from $167.00 to $497.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Wolfe Research downgraded Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research report on Friday, May 29th. Finally, Morgan Stanley upgraded Dell Technologies from an “underweight” rating to a “buy” rating in a research note on Friday, May 22nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned 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 has a consensus rating of “Moderate Buy” and an average price target of $475.76.

Insider Buying and Selling

In other news, General Counsel Richard J. Rothberg sold 20,000 shares of the company’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $410.00, for a total value of $8,200,000.00. Following the completion of the sale, the general counsel owned 142,415 shares of the company’s stock, valued at $58,390,150. This represents a 12.31% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 value of $8,100,696.40. Following the sale, the director owned 50,381 shares in the company, valued at approximately $20,309,588.72. The trade was a 28.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,476,318 shares of company stock valued at $1,490,167,546. 41.50% of the stock is owned by insiders.

Dell Technologies Stock Up 0.1%

DELL opened at $410.00 on Friday. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $469.47. The company has a 50 day moving average of $288.00 and a two-hundred day moving average of $188.62. The company has a market cap of $264.76 billion, a P/E ratio of 32.57, a P/E/G ratio of 0.88 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, beating 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 business had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same quarter last year, the firm posted $1.55 EPS. The business’s revenue for the quarter 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. Research analysts anticipate that Dell Technologies Inc. will post 17.6 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, July 21st. Dell Technologies’s payout ratio is currently 20.02%.

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.