Arista Wealth Management LLC Sells 5,231 Shares of Dell Technologies Inc. $DELL

Arista Wealth Management LLC cut its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 37.6% in the 4th quarter, HoldingsChannel reports. The fund owned 8,691 shares of the technology company’s stock after selling 5,231 shares during the quarter. Arista Wealth Management LLC’s holdings in Dell Technologies were worth $1,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently bought and sold shares of DELL. Wellington Management Group LLP lifted its position in Dell Technologies by 4,279.1% during the third quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock worth $426,129,000 after acquiring an additional 2,937,137 shares during the last quarter. Invesco Ltd. lifted its position in Dell Technologies by 82.3% during the third quarter. Invesco Ltd. now owns 4,855,154 shares of the technology company’s stock worth $688,315,000 after acquiring an additional 2,191,317 shares during the last quarter. Franklin Resources Inc. lifted its position in Dell Technologies by 541.9% during the third quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company’s stock worth $283,052,000 after acquiring an additional 1,685,529 shares during the last quarter. Vanguard Group Inc. lifted its position in Dell Technologies by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company’s stock worth $3,957,850,000 after acquiring an additional 1,355,841 shares during the last quarter. Finally, AQR Capital Management LLC lifted its position in Dell Technologies by 628.5% during the second quarter. AQR Capital Management LLC now owns 1,374,078 shares of the technology company’s stock worth $168,462,000 after acquiring an additional 1,185,454 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

More Dell Technologies News

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

Analyst Ratings Changes

Several equities research analysts have issued reports on DELL shares. Wolfe Research started coverage on shares of Dell Technologies in a research report on Thursday, April 9th. They set a “peer perform” rating for the company. Mizuho lifted their price target on shares of Dell Technologies from $215.00 to $260.00 and gave the company an “outperform” rating in a research report on Wednesday, May 6th. Morgan Stanley upgraded shares of Dell Technologies from an “underweight” rating to a “buy” rating in a research report on Friday, May 22nd. JPMorgan Chase & Co. lifted their price target on shares of Dell Technologies from $205.00 to $280.00 and gave the company an “overweight” rating in a research report on Friday, May 15th. Finally, UBS Group downgraded shares of Dell Technologies from a “buy” rating to a “neutral” rating and lifted their price target for the company from $167.00 to $243.00 in a research report on Sunday, May 10th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $211.32.

Dell Technologies Trading Up 0.0%

NYSE DELL opened at $305.11 on Thursday. Dell Technologies Inc. has a 1-year low of $106.38 and a 1-year high of $312.14. The company has a 50 day moving average of $208.08 and a 200-day moving average of $156.33. The company has a market cap of $197.02 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.12 and a beta of 0.99.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.53 by $0.36. The business had revenue of $33.38 billion for the quarter, compared to analysts’ expectations of $31.60 billion. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. During the same period last year, the firm posted $2.68 earnings per share. On average, equities research analysts forecast that Dell Technologies Inc. will post 12.21 earnings per share for the current year.

Insider Buying and Selling

In related news, Director V (Gp) L.L.C. Slta sold 510,000 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 4th. The shares were sold at an average price of $146.83, for a total value of $74,883,300.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Ellen Jamison Kullman sold 150,346 shares of Dell Technologies stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $145.13, for a total transaction of $21,819,714.98. Following the completion of the transaction, the director directly owned 65,662 shares in the company, valued at $9,529,526.06. This trade represents a 69.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,571,688 shares of company stock worth $576,654,105 over the last three months. 41.50% of the stock is currently owned by insiders.

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.