Proficio Capital Partners LLC Increases Stock Position in Dell Technologies Inc. $DELL

Proficio Capital Partners LLC raised its stake in Dell Technologies Inc. (NYSE:DELL) by 12.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,927 shares of the technology company’s stock after acquiring an additional 2,034 shares during the period. Proficio Capital Partners LLC’s holdings in Dell Technologies were worth $8,166,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. Rehmann Capital Advisory Group purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at about $278,000. Wedbush Securities Inc. grew its stake in Dell Technologies by 9.7% during the 2nd quarter. Wedbush Securities Inc. now owns 6,931 shares of the technology company’s stock worth $2,990,000 after buying an additional 612 shares during the last quarter. Greenleaf Trust increased its position in Dell Technologies by 1.9% during the second quarter. Greenleaf Trust now owns 9,728 shares of the technology company’s stock worth $4,197,000 after buying an additional 184 shares during the period. New Mexico Educational Retirement Board lifted its stake in Dell Technologies by 8.0% in the second quarter. New Mexico Educational Retirement Board now owns 14,800 shares of the technology company’s stock valued at $6,386,000 after buying an additional 1,100 shares during the last quarter. Finally, Wellington Management Group LLP lifted its stake in Dell Technologies by 140.1% in the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock valued at $1,090,294,000 after buying an additional 1,474,347 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Wolfe Research lowered shares of Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research report on Friday, May 29th. JPMorgan Chase & Co. increased their price target on shares of Dell Technologies from $280.00 to $500.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. William Blair initiated coverage on shares of Dell Technologies in a research note on Monday, June 1st. They issued a “neutral” rating on the stock. Wall Street Zen raised shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 30th. Finally, Evercore reiterated an “outperform” rating and set a $550.00 target price on shares of Dell Technologies in a research note on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $485.23.

Dell Technologies News Roundup

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

• Positive Sentiment: Analysts expect record quarterly revenue of roughly $44.5 billion, representing about 49% year-over-year growth, with earnings estimates near $4.92 per share. Bank of America and J.P. Morgan reportedly anticipate a strong beat and an increase to fiscal 2027 guidance. Dell Poised for Strong Fiscal Q2 Beat, Outlook Raise, BofA Says
• Positive Sentiment: Dell’s AI infrastructure business remains the key growth driver. Its server and data-center products are benefiting from hyperscaler and enterprise spending, while a reported $51.3 billion backlog provides visibility into future demand. Dell Q2: $51.3 Billion In Backlog; Now Show Me The Profits
• Positive Sentiment: Developments involving Nvidia and SpaceX could create additional opportunities for Dell’s AI infrastructure business. An analyst believes Dell’s ability to deliver a broad, integrated AI stack positions it to participate in continued data-center expansion. Why Dell’s Stock Stands to Gain From Developments at Nvidia and SpaceX
• Positive Sentiment: J.P. Morgan has maintained a bullish view, including a reported $565 price target, while coverage ahead of earnings broadly emphasizes Dell’s accelerating AI-server growth. Dell Gears Up for Q2 Print

Dell Technologies Trading Up 0.4%

Shares of Dell Technologies stock opened at $458.01 on Tuesday. The company has a 50-day moving average of $433.55 and a two-hundred day moving average of $299.86. The stock has a market cap of $296.84 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.33. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $514.00.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Dell Technologies’s dividend payout ratio (DPR) is presently 20.02%.

Insider Buying and Selling

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 131,040 shares of the business’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $398.13, for a total transaction of $52,170,955.20. Following the completion of the sale, the director owned 12,619 shares of the company’s stock, valued at approximately $5,024,002.47. The trade was a 91.22% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $398.13, for a total transaction of $55,294,285.05. Following the completion of the sale, the director directly owned 8,585 shares of the company’s stock, valued at $3,417,946.05. The trade was a 94.18% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 2,332,712 shares of company stock worth $954,404,039. 41.50% of the stock is currently 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.