Dell Technologies Inc. $DELL Shares Bought by Auto Owners Insurance Co

Auto Owners Insurance Co grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 12,488.0% in the 4th quarter, HoldingsChannel.com reports. The firm owned 522,024 shares of the technology company’s stock after purchasing an additional 517,877 shares during the period. Auto Owners Insurance Co’s holdings in Dell Technologies were worth $6,571,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Commonwealth Retirement Investments LLC acquired a new position in Dell Technologies during the fourth quarter worth $25,000. Rossby Financial LCC lifted its position in shares of Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after purchasing an additional 184 shares during the last quarter. Navalign LLC bought a new stake in shares of Dell Technologies in the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in Dell Technologies during the fourth quarter worth about $29,000. Finally, WealthCollab LLC boosted its holdings in Dell Technologies by 82.0% during the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after purchasing an additional 114 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Key Dell Technologies News

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

• Positive Sentiment: Dell’s AI server and rack-scale infrastructure business continues to gain traction, with reports of major shipments and strong demand supporting the growth narrative.
• Positive Sentiment: Market commentary continues to view Dell as a top AI and enterprise infrastructure play, reinforcing investor interest in the stock.
• Positive Sentiment: Coverage noting Michael Dell’s rising wealth underscores how strongly the shares have performed and helped keep sentiment upbeat.
• Neutral Sentiment: Dell’s newly announced quarterly dividend supports the stock’s income profile, but it is not the main driver of the move.
• Negative Sentiment: Recent insider selling by executives and directors may create some near-term caution around valuation and sentiment.
• Negative Sentiment: Some investors are questioning whether Dell’s premium valuation leaves less room for upside after a sharp run.

Insider Transactions at Dell Technologies

In other news, Director Spv-2 L.P. Sl sold 34,257 shares of the business’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $403.12, for a total transaction of $13,809,681.84. Following the completion of the transaction, the director owned 91,809 shares of the company’s stock, valued at approximately $37,010,044.08. The trade was a 27.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, General Counsel Richard J. Rothberg sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $410.00, for a total transaction of $8,200,000.00. Following the completion of the sale, the general counsel owned 142,415 shares in the company, valued at $58,390,150. This represents a 12.31% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 4,476,318 shares of company stock worth $1,490,167,546. 41.50% of the stock is owned by insiders.

Dell Technologies Stock Performance

DELL opened at $410.00 on Friday. The firm has a market cap of $265.73 billion, a P/E ratio of 32.57, a price-to-earnings-growth ratio of 0.88 and a beta of 1.30. The business’s fifty day moving average is $288.00 and its 200-day moving average is $188.62. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $469.47.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company had revenue of $43.84 billion during the quarter, compared to analysts’ expectations of $35.74 billion. During the same period in the previous year, the company earned $1.55 EPS. The business’s revenue for the quarter was up 87.5% compared to the same quarter last year. 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 17.6 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, July 21st. Dell Technologies’s dividend payout ratio (DPR) is currently 20.02%.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the stock. Bank of America upped their price target on shares of Dell Technologies from $280.00 to $500.00 and gave the stock a “buy” rating in a research report on Friday, May 29th. The Goldman Sachs Group increased their price objective on shares of Dell Technologies from $230.00 to $500.00 and gave the company a “buy” rating in a report on Monday, June 1st. Raymond James Financial downgraded shares of Dell Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, May 29th. Piper Sandler upped their price target on shares of Dell Technologies from $167.00 to $497.00 and gave the company an “overweight” rating in a report on Friday, May 29th. Finally, Wells Fargo & Company upped their price target on Dell Technologies from $270.00 to $505.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Dell Technologies currently has an average rating of “Moderate Buy” and an average target price of $475.76.

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.