Shikiar Asset Management Inc. Reduces Stock Holdings in Dell Technologies Inc. $DELL

Shikiar Asset Management Inc. reduced its position in shares of Dell Technologies Inc. (NYSE:DELL) by 62.9% in the first quarter, HoldingsChannel reports. The firm owned 20,890 shares of the technology company’s stock after selling 35,363 shares during the quarter. Dell Technologies makes up 1.0% of Shikiar Asset Management Inc.’s investment portfolio, making the stock its 28th largest position. Shikiar Asset Management Inc.’s holdings in Dell Technologies were worth $3,429,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Campbell Capital Management Inc. lifted its position in Dell Technologies by 34.0% during the fourth quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock valued at $10,094,000 after purchasing an additional 20,362 shares in the last quarter. ProShare Advisors LLC raised its stake in shares of Dell Technologies by 10.5% in the fourth quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock worth $10,157,000 after buying an additional 7,642 shares during the period. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new position in shares of Dell Technologies in the fourth quarter worth about $23,332,000. Tectonic Advisors LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at about $5,620,000. Finally, B. Metzler seel. Sohn & Co. AG grew its stake in shares of Dell Technologies by 156.2% during the 3rd quarter. B. Metzler seel. Sohn & Co. AG now owns 119,263 shares of the technology company’s stock valued at $16,908,000 after acquiring an additional 72,712 shares during the period. Institutional investors own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent analyst reports. Bank of America raised their target price on shares of Dell Technologies from $280.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Truist Financial raised their price objective on shares of Dell Technologies from $170.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, May 29th. Evercore upped their target price on shares of Dell Technologies from $270.00 to $450.00 and gave the stock an “outperform” rating in a report on Friday, May 29th. TD Cowen increased their price target on Dell Technologies from $150.00 to $450.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. Finally, The Goldman Sachs Group boosted their price objective on Dell Technologies from $230.00 to $500.00 and gave the company a “buy” rating in a research report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $490.38.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Multiple reports say Dell is benefiting from Super Micro Computer’s Taiwan investigation and alleged Nvidia chip smuggling probe, as investors rotate toward Dell as a cleaner AI server name and possible share-take winner. Dell Stock Gets a ‘Slam Dunk’ as Super Micro Faces Taiwan Office Raid Over Alleged Nvidia Chip Smuggling
• Positive Sentiment: Articles also point to Dell’s growing AI opportunity, including a new AI-focused PowerStore Elite storage launch in India and broader demand for data-center infrastructure tied to enterprise AI adoption. Dell launches AI-focused PowerStore Elite storage platform in India as enterprise AI infrastructure race heats up
• Positive Sentiment: Several pieces suggest Dell still has upside after a huge rally, with some analysts and media outlets arguing the stock can continue climbing as AI server revenue expands. Dell Stock Price Prediction: The Case for 20%+ Upside
• Neutral Sentiment: Dell’s June debt offering raised $3 billion in senior unsecured notes, which improves financing flexibility but does not directly change the AI demand story. Dell (DELL) Raises Money As Its AI Opportunity Gets Bigger And Bigger
• Negative Sentiment: One article warns that Dell’s AI boom is coming with a meaningful gross-margin hit, noting margins have declined as lower-margin AI server sales become a larger part of revenue. Dell’s AI boom is real, but so is the profit margin hit nobody is pricing in
• Negative Sentiment: Another report notes a recent insider sale by a director, which can create some caution after the stock’s strong run. Dell Technologies Inc. (NYSE:DELL) – Get Free Report

Dell Technologies Stock Performance

DELL stock opened at $431.24 on Wednesday. The company’s fifty day moving average price is $320.57 and its 200-day moving average price is $202.85. Dell Technologies Inc. has a one year low of $110.22 and a one year high of $469.47. The company has a market capitalization of $279.49 billion, a PE ratio of 34.25, a price-to-earnings-growth ratio of 0.89 and a beta of 1.30.

Dell Technologies (NYSE:DELL) last posted its earnings results 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 analysts’ expectations of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. Dell Technologies’s quarterly revenue was up 87.5% on a year-over-year basis. During the same period last year, the company posted $1.55 earnings per share. 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. On average, research analysts predict that Dell Technologies Inc. will post 17.74 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be given a dividend of $0.63 per share. The ex-dividend date is Tuesday, July 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. Dell Technologies’s dividend payout ratio (DPR) is presently 20.02%.

Insider Transactions at Dell Technologies

In related news, Director Lake Group L.L.C. Silver sold 16,679 shares of the business’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $396.37, for a total value of $6,611,055.23. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Lynn Vojvodich Radakovich sold 12,022 shares of the stock in a transaction that occurred on Monday, June 22nd. The shares were 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 of the company’s stock, valued at approximately $10,637,407. The trade was a 32.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 3,901,953 shares of company stock valued at $1,403,598,971. 41.50% of the stock is owned by 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.