Patton Fund Management Inc. Reduces Stake in Dell Technologies Inc. $DELL

Patton Fund Management Inc. lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 93.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,511 shares of the technology company’s stock after selling 35,016 shares during the period. Patton Fund Management Inc.’s holdings in Dell Technologies were worth $412,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Commonwealth Retirement Investments LLC purchased a new position in Dell Technologies in the fourth quarter valued at approximately $25,000. Rossby Financial LCC lifted its position in shares of Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after buying an additional 184 shares during the last quarter. Navalign LLC acquired a new position in shares of Dell Technologies in the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of Dell Technologies in the 4th quarter valued at $29,000. Finally, WealthCollab LLC grew its position in shares of Dell Technologies by 82.0% in the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after buying an additional 114 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Lynn Vojvodich Radakovich sold 12,022 shares of Dell Technologies stock in a transaction that occurred on Monday, June 22nd. The stock was sold at an average price of $421.00, for a total value of $5,061,262.00. Following the transaction, the director directly owned 25,267 shares in the company, valued at approximately $10,637,407. This trade represents a 32.24% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Silver Lake Partners Iv, L.P. sold 39,537 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $403.12, for a total value of $15,938,155.44. Following the completion of the transaction, the director directly owned 69,916 shares in the company, valued at approximately $28,184,537.92. The trade was a 36.12% 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 ninety days. Company insiders own 41.50% of the company’s stock.

Analyst Ratings Changes

DELL has been the subject of a number of research reports. Susquehanna set a $289.00 price target on shares of Dell Technologies and gave the company a “neutral” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. raised their price objective on Dell Technologies from $280.00 to $500.00 and gave the stock an “overweight” rating in a report on Friday, May 29th. Barclays downgraded Dell Technologies from an “overweight” rating to a “reduce” rating in a report on Friday, May 29th. Loop Capital upped their target price on Dell Technologies from $150.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Finally, Melius Research set a $565.00 price target on 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 assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $490.38.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $394.93 on Monday. The company has a market capitalization of $255.96 billion, a P/E ratio of 31.37, a PEG ratio of 0.85 and a beta of 1.30. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $469.47. The company’s fifty day moving average is $311.46 and its two-hundred day moving average is $198.86.

Dell Technologies (NYSE:DELL) last announced 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 during the quarter, compared to analysts’ expectations of $35.74 billion. During the same period in the prior year, the company earned $1.55 earnings per share. The business’s 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, equities analysts expect that Dell Technologies Inc. will post 17.74 earnings per share for the current year.

Dell Technologies Announces Dividend

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. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $2.52 annualized dividend and a yield of 0.6%. Dell Technologies’s dividend payout ratio is currently 20.02%.

Trending Headlines about 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 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.