Dell Technologies Inc. $DELL Shares Purchased by Acorn Wealth Advisors LLC

Acorn Wealth Advisors LLC increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 57.9% in the 4th quarter, HoldingsChannel reports. The firm owned 4,258 shares of the technology company’s stock after buying an additional 1,562 shares during the quarter. Acorn Wealth Advisors LLC’s holdings in Dell Technologies were worth $536,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Navalign LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth approximately $29,000. WealthCollab LLC grew its stake in Dell Technologies by 82.0% in the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after acquiring an additional 114 shares during the period. iA Global Asset Management Inc. purchased a new stake in Dell Technologies in the 4th quarter worth approximately $32,000. State of Wyoming purchased a new stake in Dell Technologies in the 2nd quarter worth approximately $33,000. Finally, Westside Investment Management Inc. grew its stake in Dell Technologies by 35.8% in the 3rd quarter. Westside Investment Management Inc. now owns 296 shares of the technology company’s stock worth $43,000 after acquiring an additional 78 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting 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 Stock Performance

Shares of Dell Technologies stock opened at $420.96 on Friday. The firm has a market cap of $271.83 billion, a PE ratio of 33.44, a price-to-earnings-growth ratio of 1.16 and a beta of 0.99. The firm’s 50-day simple moving average is $216.82 and its 200-day simple moving average is $159.38. Dell Technologies Inc. has a 1 year low of $106.38 and a 1 year high of $429.15.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.04 by $1.82. The business 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 324.36%. The company’s revenue for the quarter was up 87.5% on a year-over-year basis. During the same quarter in the prior year, the business 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, equities analysts predict that Dell Technologies Inc. will post 12.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have commented on DELL shares. Susquehanna set a $289.00 target price on shares of Dell Technologies and gave the stock a “neutral” rating in a research note on Friday. Sanford C. Bernstein lifted their target price on shares of Dell Technologies from $280.00 to $500.00 and gave the stock an “outperform” rating in a research note on Friday. Citigroup boosted their price objective on shares of Dell Technologies from $290.00 to $475.00 and gave the company a “buy” rating in a research note on Friday. Truist Financial boosted their price objective on shares of Dell Technologies from $170.00 to $360.00 and gave the company a “hold” rating in a research note on Friday. Finally, TD Cowen upped their price target on shares of Dell Technologies from $150.00 to $450.00 and gave the stock a “hold” rating in a research report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $421.00.

Insider Buying and Selling at Dell Technologies

In related news, COO Jeffrey W. Clarke sold 116,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $182.48, for a total transaction of $21,167,680.00. Following the completion of the sale, the chief operating officer owned 1,687,414 shares of the company’s stock, valued at $307,919,306.72. This represents a 6.43% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Richard Troy Sharp sold 1,538 shares of the business’s stock in a transaction dated Thursday, March 19th. The shares were sold at an average price of $149.26, for a total transaction of $229,561.88. Following the sale, the chief accounting officer directly owned 8,030 shares of the company’s stock, valued at approximately $1,198,557.80. This represents a 16.07% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,571,688 shares of company stock worth $576,654,105. 41.50% of the stock is owned by company insiders.

Dell Technologies Company 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.