Arizona State Retirement System Sells 3,328 Shares of Dell Technologies Inc. $DELL

Arizona State Retirement System trimmed its holdings in Dell Technologies Inc. (NYSE:DELL) by 3.8% in the second quarter, HoldingsChannel reports. The fund owned 83,586 shares of the technology company’s stock after selling 3,328 shares during the period. Arizona State Retirement System’s holdings in Dell Technologies were worth $36,064,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at about $25,000. Rossby Financial LCC grew its position in 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 acquiring an additional 184 shares during the last quarter. Cornerstone Financial Management LLC lifted its position in Dell Technologies by 56.1% in the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock valued at $28,000 after purchasing an additional 23 shares during the last quarter. Navalign LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. purchased a new position in shares of Dell Technologies in the fourth quarter worth $29,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 72,854 shares of the firm’s stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $427.15, for a total value of $31,119,586.10. Following the completion of the transaction, the director owned 46,192 shares in the company, valued at $19,730,912.80. This trade represents a 61.20% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Spv-2 L.P. Sl sold 63,204 shares of the company’s stock in a transaction on Monday, July 6th. The stock was sold at an average price of $410.52, for a total value of $25,946,506.08. Following the completion of the sale, the director directly owned 30,167 shares in the company, valued at approximately $12,384,156.84. The trade was a 67.69% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,124,788 shares of company stock valued at $459,356,512 in the last three months. Corporate insiders own 41.50% of the company’s stock.

Dell Technologies Stock Up 1.7%

Shares of NYSE:DELL traded up $9.13 on Tuesday, hitting $533.27. The company had a trading volume of 6,649,771 shares, compared to its average volume of 8,365,311. The firm’s 50-day simple moving average is $441.51 and its two-hundred day simple moving average is $313.17. The firm has a market capitalization of $345.62 billion, a price-to-earnings ratio of 30.95, a P/E/G ratio of 0.54 and a beta of 1.34. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $538.47.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The company had revenue of $46.97 billion for the quarter, compared to analysts’ expectations of $44.89 billion. During the same quarter in the previous year, the company earned $1.70 earnings per share. Dell Technologies’s quarterly 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. Equities research analysts anticipate that Dell Technologies Inc. will post 25.14 EPS for the current year.

Dell Technologies Dividend Announcement

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

Dell Technologies News Roundup

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.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on DELL shares. US Capital Advisors set a $625.00 price target on shares of Dell Technologies in a report on Wednesday, September 2nd. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $625.00 target price for the company in a report on Wednesday, September 2nd. Bank of America raised their target price on Dell Technologies from $505.00 to $600.00 and gave the stock a “buy” rating in a research note on Monday, August 31st. Loop Capital upped their price target 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, JPMorgan Chase & Co. increased their price objective on Dell Technologies from $565.00 to $635.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $553.79.

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.