Assenagon Asset Management S.A. Has $54.56 Million Holdings in Dell Technologies Inc. $DELL

Assenagon Asset Management S.A. decreased its position in shares of Dell Technologies Inc. (NYSE:DELL) by 67.7% in the 1st quarter, Holdings Channel reports. The firm owned 332,447 shares of the technology company’s stock after selling 695,739 shares during the quarter. Assenagon Asset Management S.A.’s holdings in Dell Technologies were worth $54,565,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the company. Commonwealth Retirement Investments LLC bought a new position in shares of Dell Technologies in the 4th quarter worth about $25,000. Rossby Financial LCC boosted 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 valued at $26,000 after purchasing an additional 184 shares in the last quarter. Navalign LLC acquired a new stake in Dell Technologies during the fourth quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in Dell Technologies during the fourth quarter worth approximately $29,000. Finally, WealthCollab LLC increased its holdings in Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on DELL shares. Loop Capital increased their price target on Dell Technologies from $150.00 to $550.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Susquehanna set a $289.00 price objective on shares of Dell Technologies and gave the company a “neutral” rating in a research note on Friday, May 29th. Evercore boosted their target price on shares of Dell Technologies from $270.00 to $450.00 and gave the company an “outperform” rating in a research report on Friday, May 29th. Sanford C. Bernstein increased 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, May 29th. Finally, Jefferies Financial Group cut shares of Dell Technologies to a “hold” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $490.38.

More Dell Technologies News

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

• Positive Sentiment: Dell continues to benefit from strong AI infrastructure demand, with recent coverage highlighting a record AI backlog, new NVIDIA-based server launches, and the company’s push deeper into rack-scale AI systems. Dell (DELL) Launches PowerEdge XE8812 To Push Deeper Into Rack Scale AI
• Positive Sentiment: Several analysts and market commentators still view Dell as a leading AI infrastructure name, pointing to strong earnings, raised price targets, and continued upside potential from enterprise AI spending. Dell Benefits From Expanding AI Portfolio: Is the Stock a Must-Have?
• Positive Sentiment: Investor sentiment remains supported by Dell’s recent earnings beat and year-over-year revenue growth, which reinforced the idea that AI server demand is still driving the company’s results. Dell Technologies Stock (DELL) Opinions on Q1 Earnings Results
• Neutral Sentiment: Dell also announced a director share sale under a pre-arranged 10b5-1 plan, which is routine but can still add some pressure on sentiment. Director Lynn Vojvodich Radakovich stock sale
• Negative Sentiment: GF Securities downgraded Dell to Hold, citing stretched valuation and potential market share risks ahead, and that downgrade appears to be a key reason the stock is falling today. Dell (DELL) Shares Tumble Over 5% Following Analyst Downgrade to Hold
• Negative Sentiment: Broader commentary that investors should favor chip stocks over hyperscalers until AI payback becomes clearer may also be weighing on sentiment around Dell’s valuation after its big rally. Melius Research: “Buy the chip dip, skip hyperscalers” until AI payoff becomes clear

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, COO Jeffrey W. Clarke sold 116,000 shares of Dell Technologies stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $182.48, for a total transaction of $21,167,680.00. Following the completion of the transaction, the chief operating officer owned 1,687,414 shares in the company, valued at approximately $307,919,306.72. The trade was a 6.43% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Spv-2 L.P. Sl sold 175,901 shares of the business’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $457.99, for a total value of $80,560,898.99. Following the sale, the director directly owned 36,659 shares of the company’s stock, valued at $16,789,455.41. This represents a 82.75% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 3,885,274 shares of company stock valued at $1,396,987,916 over the last three months. Corporate insiders own 41.50% of the company’s stock.

Dell Technologies Stock Down 5.6%

NYSE DELL opened at $409.54 on Friday. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $469.47. The business has a 50 day moving average price of $307.11 and a 200-day moving average price of $197.06. The company has a market cap of $265.43 billion, a price-to-earnings ratio of 32.53, a P/E/G ratio of 0.92 and a beta of 1.30.

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, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. During the same period last year, the business earned $1.55 EPS. Dell Technologies’s quarterly revenue 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, equities research analysts anticipate that Dell Technologies Inc. will post 17.84 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid 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 20.02%.

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.