L2 Asset Management LLC Sells 3,024 Shares of Dell Technologies Inc. $DELL

L2 Asset Management LLC lowered its position in Dell Technologies Inc. (NYSE:DELL) by 9.3% during the 4th quarter, Holdings Channel reports. The firm owned 29,613 shares of the technology company’s stock after selling 3,024 shares during the quarter. L2 Asset Management LLC’s holdings in Dell Technologies were worth $3,728,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of DELL. Brighton Jones LLC boosted its position in Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after acquiring an additional 901 shares in the last quarter. Sivia Capital Partners LLC bought a new stake in Dell Technologies during the 2nd quarter valued at $328,000. Marshall Wace LLP bought a new stake in Dell Technologies during the 2nd quarter valued at $809,000. Gamco Investors INC. ET AL boosted its position in Dell Technologies by 30.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock valued at $819,000 after acquiring an additional 1,550 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in Dell Technologies by 147.2% during the 2nd quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock valued at $7,112,000 after acquiring an additional 34,538 shares in the last quarter. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Price Performance

Shares of DELL stock opened at $408.33 on Tuesday. The firm has a market capitalization of $263.68 billion, a price-to-earnings ratio of 32.43, a price-to-earnings-growth ratio of 0.85 and a beta of 1.30. The business has a fifty day moving average of $269.31 and a 200 day moving average of $181.19. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $469.47.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 negative return on equity of 366.90% and a net margin of 6.28%.The firm’s quarterly revenue was up 87.5% on a year-over-year basis. During the same quarter last year, the business 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. As a group, equities research analysts expect that Dell Technologies Inc. will post 17.6 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Silver Lake Partners Iv, L.P. sold 62,403 shares of Dell Technologies stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $380.25, for a total value of $23,728,740.75. Following the sale, the director directly owned 57,380 shares in the company, valued at approximately $21,818,745. The trade was a 52.10% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Silver Lake Partners V. De (Aiv sold 31,749 shares of Dell Technologies stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $380.25, for a total value of $12,072,557.25. Following the completion of the sale, the director owned 42,290 shares in the company, valued at approximately $16,080,772.50. The trade was a 42.88% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 4,901,198 shares of company stock worth $1,521,626,975. Insiders own 41.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on DELL. Citigroup began coverage on Dell Technologies in a research report on Monday, June 1st. They set an “outperform” rating on the stock. Melius Research set a $565.00 target price on Dell Technologies in a research report on Friday, May 29th. Bank of America increased their price objective on Dell Technologies from $280.00 to $500.00 and gave the company a “buy” rating in a report on Friday, May 29th. Susquehanna set a $289.00 price objective on Dell Technologies and gave the company a “neutral” rating in a report on Friday, May 29th. Finally, Morgan Stanley upgraded Dell Technologies from an “underweight” rating to a “buy” rating in a report 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 issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $475.76.

Key Dell Technologies News

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

• Positive Sentiment: Dell Federal Systems won a $1.44 billion U.S. Air Force contract, a meaningful revenue catalyst that reinforces Dell’s position in government IT spending and is helping support the stock. Dell Stock Gains on $1.44 Billion Air Force Contract Win
• Positive Sentiment: Recent commentary remains upbeat on Dell’s AI and server growth story, with articles arguing the company is benefiting from strong demand, expanding market share, and rising forecasts. A $1.24 Trillion Reason to Buy Dell Stock Now
• Positive Sentiment: Wall Street sentiment also remains constructive, with the average brokerage recommendation for Dell still equivalent to a Buy. Wall Street Analysts Think Dell Technologies (DELL) Is a Good Investment: Is It?
• Neutral Sentiment: AMD’s UK AI investment includes collaborations with Dell on supercomputing infrastructure, which may reinforce Dell’s AI relevance, but it is not a direct Dell earnings event. Is AMD’s £2 Billion UK AI Bet Altering The Investment Case For Advanced Micro Devices (AMD)?
• Negative Sentiment: Three Dell directors linked to Silver Lake disclosed sizable stock sales, which can raise questions about insider confidence even if the transactions may be routine. SEC filing: Director Spv-2 L.P. Sl sale SEC filing: Silver Lake Partners Iv, L.P. sale SEC filing: Silver Lake Partners V. De (Aiv sale
• Negative Sentiment: An industry report said Dell and HPE’s server supply is being affected by a memory crunch, which could pressure shipments or margins if shortages persist. Dell, HPE server supply upended by memory crunch

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.