Dell Technologies Inc. $DELL Shares Bought by Red Door Wealth Management LLC

Red Door Wealth Management LLC grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 1.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 104,452 shares of the technology company’s stock after purchasing an additional 1,376 shares during the quarter. Dell Technologies accounts for 1.8% of Red Door Wealth Management LLC’s investment portfolio, making the stock its 12th biggest position. Red Door Wealth Management LLC’s holdings in Dell Technologies were worth $17,144,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Gunderson Capital Management LLC acquired a new stake in Dell Technologies in the 1st quarter valued at approximately $8,057,000. Cornerstone Wealth Group LLC acquired a new position in Dell Technologies during the 1st quarter worth $323,000. Nicholas Wealth LLC. grew its stake in shares of Dell Technologies by 20.0% in the first quarter. Nicholas Wealth LLC. now owns 10,054 shares of the technology company’s stock worth $1,650,000 after purchasing an additional 1,676 shares in the last quarter. ABN AMRO Bank N.V. grew its stake in shares of Dell Technologies by 21.8% in the first quarter. ABN AMRO Bank N.V. now owns 98,530 shares of the technology company’s stock worth $16,305,000 after purchasing an additional 17,610 shares in the last quarter. Finally, Sterling Capital Management LLC increased its holdings in shares of Dell Technologies by 16.4% during the first quarter. Sterling Capital Management LLC now owns 52,034 shares of the technology company’s stock valued at $8,540,000 after purchasing an additional 7,343 shares during the period. 76.37% of the stock is owned by institutional investors.

Key Headlines 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

Analyst Ratings Changes

A number of brokerages recently weighed in on DELL. William Blair started coverage on shares of Dell Technologies in a research note on Monday, June 1st. They set a “neutral” rating on the stock. Guggenheim upgraded shares of Dell Technologies to a “buy” rating in a research report on Monday, June 1st. Wall Street Zen upgraded shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday, May 30th. Citic Securities upped their price target on shares of Dell Technologies from $160.00 to $505.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Finally, Barclays cut shares of Dell Technologies from an “overweight” rating to a “reduce” rating in a report on Friday, May 29th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $490.38.

Dell Technologies Stock Down 1.1%

NYSE:DELL opened at $394.93 on Monday. The business’s 50-day moving average price is $311.46 and its 200 day moving average price is $198.86. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $469.47. 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.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data 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 company had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The business’s revenue for the quarter was up 87.5% on a year-over-year basis. During the same quarter last year, the firm 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 expect that Dell Technologies Inc. will post 17.74 EPS for the current year.

Dell Technologies Dividend Announcement

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

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Lynn Vojvodich Radakovich sold 12,022 shares of the business’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $421.00, for a total transaction of $5,061,262.00. Following the sale, the director owned 25,267 shares in the company, valued at approximately $10,637,407. The trade was a 32.24% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Spv-2 L.P. Sl sold 34,257 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 transaction of $13,809,681.84. Following the sale, the director owned 91,809 shares in the company, valued at $37,010,044.08. This represents a 27.17% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,885,274 shares of company stock worth $1,396,987,916. 41.50% of the stock is owned by corporate insiders.

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.