Fisher Asset Management LLC Acquires New Holdings in Dell Technologies Inc. $DELL

Fisher Asset Management LLC acquired a new stake in Dell Technologies Inc. (NYSE:DELL) during the fourth quarter, Holdings Channel.com reports. The firm acquired 2,908 shares of the technology company’s stock, valued at approximately $366,000.

A number of other institutional investors have also made changes to their positions in the stock. Flagship Harbor Advisors LLC raised its stake in shares of Dell Technologies by 1.3% in the 3rd 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 in the last quarter. Westside Investment Management Inc. raised its stake in shares of Dell Technologies by 35.8% in the 3rd 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 in the last quarter. Pinnacle Associates Ltd. raised its stake in shares of Dell Technologies by 0.4% in the 3rd 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 in the last quarter. Lindenwold Advisors INC raised its stake in shares of Dell Technologies by 1.0% in the 3rd 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 in the last quarter. Finally, Ancora Advisors LLC raised its stake in shares of Dell Technologies by 18.6% in the 3rd quarter. Ancora Advisors LLC now owns 556 shares of the technology company’s stock valued at $79,000 after acquiring an additional 87 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Ellen Jamison Kullman sold 150,346 shares of Dell Technologies stock in a transaction that occurred 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 sale, the director owned 65,662 shares of the company’s stock, valued at approximately $9,529,526.06. This trade represents a 69.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider William F. Scannell sold 143,067 shares of Dell Technologies stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $165.00, for a total value of $23,606,055.00. Following the sale, the insider directly owned 21,779 shares in the company, valued at $3,593,535. The trade was a 86.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 3,071,687 shares of company stock valued at $501,560,818. Corporate insiders own 41.50% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on DELL. Wells Fargo & Company raised their price objective on Dell Technologies from $270.00 to $505.00 and gave the company an “overweight” rating in a research note on Friday. Citigroup raised their price objective on Dell Technologies from $290.00 to $475.00 and gave the company a “buy” rating in a research note on Friday. Sanford C. Bernstein raised their price objective on Dell Technologies from $280.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday. Argus lifted 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. Finally, The Goldman Sachs Group lifted their price target on Dell Technologies from $215.00 to $230.00 in a research report on Thursday, April 30th. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $421.00.

Key Headlines 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 Up 0.0%

Shares of NYSE DELL opened at $420.96 on Monday. The business’s 50 day moving average is $216.82 and its two-hundred day moving average is $159.50. The company has a market cap of $271.83 billion, a P/E ratio of 33.44, a P/E/G ratio of 1.55 and a beta of 1.30. Dell Technologies Inc. has a 12 month low of $106.38 and a 12 month high of $429.15.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping the consensus estimate of $2.96 by $1.90. The company had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company’s revenue for the quarter was up 87.5% on a year-over-year basis. During the same period in the previous 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. Sell-side analysts expect that Dell Technologies Inc. will post 12.21 earnings per share for the current fiscal year.

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.