Allstate Corp Raises Position in Dell Technologies Inc. $DELL

Allstate Corp raised its stake in Dell Technologies Inc. (NYSE:DELL) by 102.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 24,691 shares of the technology company’s stock after buying an additional 12,473 shares during the quarter. Allstate Corp’s holdings in Dell Technologies were worth $3,108,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of DELL. Flagship Harbor Advisors LLC increased its position in shares of Dell Technologies by 1.3% during the third quarter. Flagship Harbor Advisors LLC now owns 5,563 shares of the technology company’s stock valued at $789,000 after acquiring an additional 71 shares during the last quarter. Westside Investment Management Inc. increased its position in shares of Dell Technologies by 35.8% during the third quarter. Westside Investment Management Inc. now owns 296 shares of the technology company’s stock valued at $43,000 after acquiring an additional 78 shares during the last quarter. Pinnacle Associates Ltd. increased its position in shares of Dell Technologies by 0.4% during the third quarter. Pinnacle Associates Ltd. now owns 21,631 shares of the technology company’s stock valued at $3,067,000 after acquiring an additional 78 shares during the last quarter. Lindenwold Advisors INC increased its position in shares of Dell Technologies by 1.0% during the third quarter. Lindenwold Advisors INC now owns 9,185 shares of the technology company’s stock valued at $1,302,000 after acquiring an additional 87 shares during the last quarter. Finally, Ancora Advisors LLC increased its position in shares of Dell Technologies by 18.6% during the third quarter. Ancora Advisors LLC now owns 556 shares of the technology company’s stock valued at $79,000 after acquiring an additional 87 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Dell Technologies news, CFO David Alan Kennedy sold 19,500 shares of the firm’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 completion of the sale, the chief financial officer directly owned 183,097 shares of the company’s stock, valued at $33,420,695.41. This trade represents a 9.63% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, COO Jeffrey W. Clarke sold 116,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $182.48, for a total value of $21,167,680.00. Following the completion of the transaction, the chief operating officer directly owned 1,687,414 shares of the company’s stock, valued at $307,919,306.72. The trade was a 6.43% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 3,571,688 shares of company stock valued at $576,654,105. Company insiders own 41.50% of the company’s stock.

Dell Technologies News Summary

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

• Positive Sentiment: Dell won a roughly $9.7 billion Pentagon deal to consolidate and manage Microsoft software licenses for the U.S. Department of Defense, a headline that signals a large, high-profile revenue opportunity and is helping drive the stock higher. CNBC article on Dell Pentagon software deal
• Positive Sentiment: Investor enthusiasm is also being fueled by expectations that Dell’s fiscal first-quarter results will show strong AI-server demand, with analysts pointing to robust infrastructure solutions growth and potentially very large AI server revenue contributions. Zacks article on Dell AI server earnings preview
• Positive Sentiment: Momentum in Dell shares has been reinforced by a broader AI hardware rally and recent product/infrastructure announcements, including a $1.6 billion deal for Dell systems tied to IREN’s Nvidia Blackwell deployment, which underscores demand for Dell’s AI-ready hardware. Yahoo Finance article on IREN and Dell Blackwell deal
• Neutral Sentiment: Several previews and commentary pieces note that Dell’s stock has already had a huge run-up, so the upcoming earnings report is now a key test of whether AI demand can justify the valuation and sustain the recent rally. Benzinga earnings preview
• Negative Sentiment: There is still some risk that PC competition and broader macro pressure could weigh on margins, especially if the company’s earnings or guidance do not match the elevated expectations built into the stock. Zacks earnings article

Dell Technologies Price Performance

NYSE:DELL opened at $305.11 on Thursday. The business has a fifty day simple moving average of $208.08 and a two-hundred day simple moving average of $156.33. Dell Technologies Inc. has a 1 year low of $106.38 and a 1 year high of $312.14. The company has a market capitalization of $197.02 billion, a P/E ratio of 34.99, a P/E/G ratio of 1.12 and a beta of 0.99.

Dell Technologies (NYSE:DELL) last released its earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.53 by $0.36. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The business had revenue of $33.38 billion during the quarter, compared to the consensus estimate of $31.60 billion. During the same period last year, the business posted $2.68 earnings per share. The business’s revenue for the quarter was up 39.5% on a year-over-year basis. As a group, analysts anticipate that Dell Technologies Inc. will post 12.21 earnings per share for the current year.

Analysts Set New Price Targets

A number of brokerages recently commented on DELL. Evercore increased their price target on Dell Technologies from $240.00 to $270.00 and gave the company an “outperform” rating in a research report on Tuesday, May 19th. Bank of America increased their price target on Dell Technologies from $246.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, May 18th. Citigroup increased their price target on Dell Technologies from $180.00 to $235.00 and gave the company a “buy” rating in a research report on Tuesday, April 21st. UBS Group downgraded Dell Technologies from a “buy” rating to a “neutral” rating and increased their price target for the company from $167.00 to $243.00 in a research report on Sunday, May 10th. Finally, Raymond James Financial increased their price target on Dell Technologies from $166.00 to $182.00 and gave the company an “outperform” rating in a research report on Friday, February 27th. One analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $211.32.

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.