Contrarius Group Holdings Ltd Raises Stake in Dell Technologies Inc. $DELL

Contrarius Group Holdings Ltd raised its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 5.9% during the 4th quarter, HoldingsChannel reports. The fund owned 692,598 shares of the technology company’s stock after acquiring an additional 38,555 shares during the quarter. Dell Technologies comprises approximately 4.2% of Contrarius Group Holdings Ltd’s portfolio, making the stock its 8th biggest holding. Contrarius Group Holdings Ltd’s holdings in Dell Technologies were worth $87,184,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of DELL. Norges Bank purchased a new position in shares of Dell Technologies during the 4th quarter worth $607,349,000. Wellington Management Group LLP grew its holdings in Dell Technologies by 4,279.1% during the third quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock valued at $426,129,000 after purchasing an additional 2,937,137 shares during the period. Invesco Ltd. grew its holdings in Dell Technologies by 82.3% during the third quarter. Invesco Ltd. now owns 4,855,154 shares of the technology company’s stock valued at $688,315,000 after purchasing an additional 2,191,317 shares during the period. Franklin Resources Inc. grew its holdings in Dell Technologies by 541.9% during the third quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company’s stock valued at $283,052,000 after purchasing an additional 1,685,529 shares during the period. Finally, Vanguard Group Inc. grew its holdings in Dell Technologies by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company’s stock valued at $3,957,850,000 after purchasing an additional 1,355,841 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analysts Set New Price Targets

DELL has been the subject of several analyst reports. Guggenheim raised shares of Dell Technologies to a “buy” rating in a report on Monday, June 1st. UBS Group set a $700.00 target price on shares of Dell Technologies in a report on Friday, May 29th. Wolfe Research lowered shares of Dell Technologies from a “peer perform” rating to a “peer perform” rating in a report on Friday, May 29th. Citic Securities raised their price objective on shares of Dell Technologies from $160.00 to $505.00 and gave the company a “buy” rating in a research report on Monday, June 1st. Finally, William Blair started coverage on shares of Dell Technologies in a research report on Monday, June 1st. They set a “neutral” rating on the stock. 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 given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $475.76.

Insider Activity at Dell Technologies

In other news, Director Spv-2 L.P. Sl sold 175,901 shares of Dell Technologies stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $457.99, for a total value of $80,560,898.99. Following the sale, the director directly owned 36,659 shares of the company’s stock, valued at approximately $16,789,455.41. The trade was a 82.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 459,999 shares of Dell Technologies stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $162.25, for a total value of $74,634,837.75. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,698,830 shares of company stock valued at $981,849,426. Corporate insiders own 41.50% of the company’s stock.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Analysts and market commentators continue to raise expectations for Dell after its strong earnings beat, with several reports saying the company is benefiting from booming AI infrastructure spending. Article Title
• Positive Sentiment: Bernstein raised its price target on Dell to $500 and maintained an Outperform rating, reinforcing the view that Wall Street sees more upside after the company’s record AI quarter. Article Title
• Positive Sentiment: Dell’s partnership with Nvidia on new AI PCs, including the XPS 16 Creator Edition powered by RTX Spark, expands the AI growth story beyond servers into the PC market. Article Title
• Positive Sentiment: Multiple articles framed Dell as a major AI infrastructure winner, with investors betting the company can keep compounding growth as AI server orders and margins expand. Article Title

Dell Technologies Price Performance

DELL stock opened at $395.72 on Monday. Dell Technologies Inc. has a 1-year low of $109.17 and a 1-year high of $469.47. The company has a market capitalization of $255.53 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 1.16 and a beta of 1.30. The business has a 50 day simple moving average of $242.78 and a two-hundred day simple moving average of $169.84.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping the consensus estimate of $2.96 by $1.90. The business had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $35.74 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The firm’s revenue for the quarter was up 87.5% compared to the same quarter last year. During the same period in the prior 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. Sell-side analysts anticipate that Dell Technologies Inc. will post 12.93 EPS for the current fiscal year.

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.