SouthState Bank Corp Increases Position in Dell Technologies Inc. $DELL

SouthState Bank Corp increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 5.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 33,307 shares of the technology company’s stock after acquiring an additional 1,832 shares during the quarter. SouthState Bank Corp’s holdings in Dell Technologies were worth $5,467,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DELL. Cornerstone Advisory LLC acquired a new stake in Dell Technologies during the 1st quarter valued at approximately $385,000. Adell Harriman & Carpenter Inc. raised its position in shares of Dell Technologies by 7.1% in the 1st quarter. Adell Harriman & Carpenter Inc. now owns 40,455 shares of the technology company’s stock valued at $6,640,000 after purchasing an additional 2,676 shares in the last quarter. Checchi Capital Advisers LLC boosted its stake in shares of Dell Technologies by 13.9% during the 1st quarter. Checchi Capital Advisers LLC now owns 4,082 shares of the technology company’s stock valued at $670,000 after buying an additional 498 shares during the last quarter. Avantax Planning Partners Inc. lifted its stake in Dell Technologies by 37.2% during the first quarter. Avantax Planning Partners Inc. now owns 4,310 shares of the technology company’s stock worth $707,000 after purchasing an additional 1,169 shares during the last quarter. Finally, Canal Insurance CO boosted its holdings in Dell Technologies by 1.6% in the first quarter. Canal Insurance CO now owns 71,100 shares of the technology company’s stock worth $11,670,000 after purchasing an additional 1,100 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Bank of America raised their price target on shares of Dell Technologies from $280.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Piper Sandler boosted their price objective on shares of Dell Technologies from $167.00 to $497.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. CLSA raised shares of Dell Technologies to an “outperform” rating in a report on Friday, May 29th. Weiss Ratings upgraded Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Finally, Mizuho upped their target price on Dell Technologies from $435.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $492.76.

Dell Technologies Trading Up 7.1%

NYSE DELL opened at $457.64 on Wednesday. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $469.47. The stock has a market cap of $296.60 billion, a price-to-earnings ratio of 36.35, a price-to-earnings-growth ratio of 0.91 and a beta of 1.31. The company has a 50-day moving average price of $363.26 and a two-hundred day moving average price of $223.64.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate of $2.96 by $1.90. The company had revenue of $43.84 billion for the quarter, compared to analyst estimates 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 revenue was up 87.5% compared to the same quarter last year. During the same quarter last year, the business 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. As a group, equities research analysts expect that Dell Technologies Inc. will post 17.74 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be 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 is Tuesday, July 21st. Dell Technologies’s payout ratio is currently 20.02%.

Insider Activity at Dell Technologies

In related news, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of the company’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $15,814,486.26. Following the completion of the sale, the director owned 43,961 shares of the company’s stock, valued at $19,938,071.94. This represents a 44.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of the firm’s stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $453.54, for a total transaction of $31,160,919.24. Following the transaction, the director directly owned 67,990 shares in the company, valued at approximately $30,836,184.60. The trade was a 50.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 3,816,758 shares of company stock valued at $1,516,412,103 in the last ninety days. Company 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: Multiple reports say Dell is “winning the AI infrastructure race,” citing strong demand for AI-optimized servers and the company’s growing role in data-center buildouts. Dell Is Winning the AI Infrastructure Race. Here’s What Comes Next After a 250% YTD Rally.
• Positive Sentiment: Another note said PC shipments were weaker in Q2, but Dell’s AI infrastructure segment continues to exceed expectations, helping support the stock’s long-term growth story. PC Shipments Fell in Q2, but AI Optimism Is Set to Keep Growing and Push DELL Stock Higher
• Positive Sentiment: Analyst commentary remains constructive, with one article highlighting Dell’s strong interest coverage and solid growth prospects despite higher borrowing costs. DELL & 3 More Stocks With Strong Interest Coverage to Buy Now
• Neutral Sentiment: Several stories focused on how far Dell has already run this year and whether the stock can keep climbing, suggesting valuation is becoming a bigger debate after the rally. Missed DELL’s 248% Run? IGPT Quietly Turned $10K Into $16,600
• Negative Sentiment: Recent insider selling by several Silver Lake-related directors may be pressuring sentiment, since the sales were sizable and came near recent highs. SEC filing for Silver Lake Partners sale
• Negative Sentiment: One trading update noted Dell underperformed the broader market in the latest session, which may reflect profit-taking after the stock’s outsized year-to-date advance. Dell Technologies Registers a Bigger Fall Than the Market

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.