Norges Bank Acquires New Shares in Dell Technologies Inc. $DELL

Norges Bank acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, Holdings Channel reports. The fund acquired 4,824,824 shares of the technology company’s stock, valued at approximately $607,349,000.

A number of other large investors have also recently added to or reduced their stakes in DELL. Navalign LLC acquired a new position in Dell Technologies in the fourth quarter valued at approximately $29,000. WealthCollab LLC lifted its holdings in Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after acquiring an additional 114 shares during the last quarter. iA Global Asset Management Inc. acquired a new position in Dell Technologies in the fourth quarter valued at approximately $32,000. State of Wyoming acquired a new position in Dell Technologies in the second quarter valued at approximately $33,000. Finally, Smithfield Trust Co lifted its holdings in Dell Technologies by 92.9% in the fourth quarter. Smithfield Trust Co now owns 328 shares of the technology company’s stock valued at $41,000 after acquiring an additional 158 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 382,000 shares of the company’s stock in a transaction on Thursday, April 16th. The stock was sold at an average price of $176.81, for a total transaction of $67,541,420.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO David Alan Kennedy sold 19,500 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $182.53, for a total value of $3,559,335.00. Following the sale, the chief financial officer directly owned 183,097 shares in the company, valued at $33,420,695.41. This represents a 9.63% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 3,071,687 shares of company stock valued at $501,560,818. Insiders own 41.50% of the company’s stock.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Dell reported revenue of $43.8 billion, up 88% year over year, and EPS of $4.86, far above Wall Street expectations, signaling a major earnings beat. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI server demand was the main catalyst: Dell said AI-optimized server revenue jumped 757% to $16.1 billion, with $24.4 billion of AI orders and a record backlog, showing demand remains very strong. Reuters: Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Management raised full-year guidance to $165 billion-$169 billion in revenue and lifted AI-server revenue expectations, which suggests the growth surge may continue into the next quarters. WSJ: Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets sharply, which can add momentum to the stock. Benzinga: Dell’s AI-Fueled Surge May Be Far From Over
• Neutral Sentiment: The Pentagon contract is strategically important and supports Dell’s enterprise/software relationships, but investors appear to be focusing more on the AI-server earnings beat than the contract itself. CNBC: Dell wins a $9.7 billion Pentagon software deal

Dell Technologies Trading Up 0.0%

Dell Technologies stock opened at $420.96 on Monday. Dell Technologies Inc. has a twelve month low of $106.38 and a twelve month high of $429.15. The stock’s fifty day simple moving average is $216.82 and its 200-day simple moving average is $159.50. The firm has a market capitalization of $271.83 billion, a P/E ratio of 33.44, a P/E/G ratio of 1.55 and a beta of 1.30.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The business had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. During the same quarter in the prior year, the company earned $1.55 earnings per share. The company’s revenue was up 87.5% on a year-over-year basis. 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. Sell-side analysts predict that Dell Technologies Inc. will post 12.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DELL. Daiwa Securities Group boosted their target price on Dell Technologies from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. Barclays lowered Dell Technologies from an “overweight” rating to a “reduce” rating in a research report on Friday. CLSA raised Dell Technologies to an “outperform” rating in a research report on Friday. TD Cowen boosted their target price on Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a research report on Friday. Finally, Raymond James Financial lowered Dell Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $421.00.

Dell Technologies 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.