Westpac Banking Corp Boosts Stake in Dell Technologies Inc. $DELL

Westpac Banking Corp grew its position in shares of Dell Technologies Inc. (NYSE:DELL) by 21.3% during the fourth quarter, Holdings Channel reports. The fund owned 40,574 shares of the technology company’s stock after purchasing an additional 7,113 shares during the period. Westpac Banking Corp’s holdings in Dell Technologies were worth $5,107,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in DELL. Brighton Jones LLC grew its holdings in shares of Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after acquiring an additional 901 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Dell Technologies during the 2nd quarter worth approximately $328,000. Marshall Wace LLP purchased a new position in shares of Dell Technologies during the 2nd quarter worth approximately $809,000. Gamco Investors INC. ET AL boosted its position in shares of Dell Technologies by 30.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock worth $819,000 after purchasing an additional 1,550 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Dell Technologies by 147.2% in the 2nd quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock worth $7,112,000 after purchasing an additional 34,538 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Wall Street analysts remain upbeat, with multiple firms raising price targets into the $500 area and consensus ratings still sitting at “Moderate Buy,” reinforcing the bullish case for DELL. Dell Technologies Inc. (NYSE:DELL) Given Consensus Rating of “Moderate Buy” by Analysts
• Positive Sentiment: New reports say Dell’s AI earnings are among the strongest in the sector, with the company being described as a major winner from the data-center and AI infrastructure boom. Dell Technologies Just Reported the Biggest AI Earnings of the Year
• Positive Sentiment: Several articles point to a newly raised $60 billion revenue target and strong free cash flow as signs Dell can keep monetizing AI demand, supporting more upside for the stock. A $60 Billion Reason to Buy Dell Stock Now
• Positive Sentiment: Sentiment is also being lifted by Dell’s new XPS 13 launch and Nvidia’s push into AI PCs, which could open a second growth driver beyond servers. Dell Stock Is No Longer Just Riding the AI Wave. It Is Leading the Charge.
• Neutral Sentiment: One headline notes Dell snapped an eight-day winning streak on Tuesday, suggesting some traders are taking profits after the huge run-up even as the broader AI story stays intact. Dell Stock Snaps 8-Day Winning Streak Even as AI Server Rivals Soar
• Negative Sentiment: Some coverage is starting to warn that Dell’s rally may be getting stretched, with valuation concerns and insider selling potentially tempering enthusiasm at these elevated levels.

Analyst Ratings Changes

DELL has been the topic of a number of analyst reports. Argus boosted their price target on Dell Technologies from $200.00 to $460.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. William Blair initiated coverage on Dell Technologies in a research report on Monday. They issued a “neutral” rating on the stock. Loop Capital boosted their price target on Dell Technologies from $150.00 to $550.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. Wall Street Zen raised Dell Technologies from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Finally, Raymond James Financial cut Dell Technologies from an “outperform” rating to a “market perform” rating in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $475.76.

Dell Technologies Trading Down 6.9%

DELL stock opened at $433.72 on Wednesday. The stock has a market capitalization of $280.07 billion, a PE ratio of 34.45, a price-to-earnings-growth ratio of 1.45 and a beta of 1.30. Dell Technologies Inc. has a 12-month low of $108.01 and a 12-month high of $469.47. The stock’s 50 day simple moving average is $223.02 and its 200 day simple moving average is $161.80.

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 the consensus estimate of $2.96 by $1.90. The business had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The firm’s quarterly revenue was up 87.5% on a year-over-year basis. During the same period in the prior year, the firm posted $1.55 EPS. 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 12.21 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Ellen Jamison Kullman sold 150,346 shares of the stock in a transaction on Friday, March 6th. The stock was sold at an average price of $145.13, for a total transaction of $21,819,714.98. Following the transaction, the director directly owned 65,662 shares of the company’s stock, valued at $9,529,526.06. This represents a 69.60% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director V (Gp) L.L.C. Slta sold 459,999 shares of the stock in a transaction on Monday, March 23rd. The shares were sold at an average price of $162.25, for a total value of $74,634,837.75. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,561,687 shares of company stock worth $426,677,518 in the last three months. Corporate insiders own 41.50% of the company’s stock.

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.