Great Lakes Advisors LLC Makes New Investment in Dell Technologies Inc. $DELL

Great Lakes Advisors LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) during the 2nd quarter, HoldingsChannel reports. The fund bought 2,955 shares of the technology company’s stock, valued at approximately $1,275,000.

Other large investors have also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC bought a new position in Dell Technologies during the 4th quarter valued at about $25,000. Rossby Financial LCC lifted its stake in Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after purchasing an additional 184 shares during the last quarter. Navalign LLC purchased a new position in shares of Dell Technologies during the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $29,000. Finally, WealthCollab LLC grew its stake in shares of Dell Technologies by 82.0% during the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after buying an additional 114 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Lake Group L.L.C. Silver sold 16,679 shares of the firm’s stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $396.37, for a total transaction of $6,611,055.23. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Spv-2 L.P. Sl sold 59,492 shares of the business’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $453.54, for a total transaction of $26,982,001.68. Following the completion of the transaction, the director owned 89,222 shares of the company’s stock, valued at $40,465,745.88. This represents a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 3,434,758 shares of company stock valued at $1,448,870,683. Company insiders own 41.50% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $441.98 on Friday. The firm has a 50-day simple moving average of $428.31 and a 200-day simple moving average of $284.54. Dell Technologies Inc. has a one year low of $110.22 and a one year high of $514.00. The firm has a market cap of $286.45 billion, a P/E ratio of 35.11, a P/E/G ratio of 0.92 and a beta of 1.33.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $1.90. The firm had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company’s quarterly revenue was up 87.5% on a year-over-year basis. During the same period last year, the firm earned $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 18.17 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date was Tuesday, July 21st. Dell Technologies’s dividend payout ratio is 20.02%.

Analysts Set New Price Targets

A number of brokerages recently issued reports on DELL. The Goldman Sachs Group raised their price target on Dell Technologies from $230.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Melius Research set a $565.00 price target on shares of Dell Technologies in a research note on Friday, May 29th. Sanford C. Bernstein boosted their price target on Dell Technologies from $280.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Bank of America increased their price objective on Dell Technologies from $280.00 to $500.00 and gave the stock a “buy” rating in a research note on Friday, May 29th. Finally, Evercore restated an “outperform” rating and set a $550.00 price objective on shares of Dell Technologies in a report on Wednesday. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $496.71.

Dell Technologies News Summary

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

• Positive Sentiment: Analyst coverage highlights Dell as a potential beneficiary of accelerating AI data-center investment beyond GPUs, including demand for servers, networking, storage, optics, power and cooling. The Zacks Analyst Blog Highlights Dell, Celestica, Lumentum and Vertiv
• Positive Sentiment: Dell is targeting AI-storage growth with an ObjectScale system offering up to 9.83 petabytes in a 2U configuration, potentially strengthening its position in enterprise AI infrastructure. Dell Targets AI Storage Growth With 9.83PB ObjectScale System
• Positive Sentiment: A memorandum of understanding with Emarat is intended to accelerate AI adoption and digital transformation, creating potential long-term enterprise demand for Dell’s technology and services. Emarat, Dell Technologies collaborate to accelerate AI-enabled transformation
• Positive Sentiment: Renewing Dell’s Team Liquid partnership could support Alienware’s gaming brand as it competes with HP and Corsair in premium PCs and peripherals. Can Team Liquid Partnership Strengthen DELL Against HPQ and CRSR?
• Neutral Sentiment: A covered-call strategy is being promoted as a way to generate substantial income from DELL shares, but it caps upside if the stock rises above the option strike and is not a change to Dell’s fundamentals. Own DELL Stock? Here Is How To Collect 21% a Year On It
• Negative Sentiment: An analyst downgraded Dell ahead of its second-quarter earnings preview, indicating concern that high expectations or valuation may limit further gains. I’m Downgrading Dell Ahead Of Q2 Earnings
• Negative Sentiment: Dell recently fell sharply even as the broader market advanced, highlighting elevated volatility and profit-taking risk after a major rally. Dell Technologies Stock Slides as Market Rises

About Dell Technologies

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.