Apollon Wealth Management LLC Grows Stake in Dell Technologies Inc. $DELL

Apollon Wealth Management LLC increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 775.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 70,608 shares of the technology company’s stock after purchasing an additional 62,547 shares during the quarter. Apollon Wealth Management LLC’s holdings in Dell Technologies were worth $11,589,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Riverbend Wealth Management LLC increased its stake in Dell Technologies by 5.5% in the first quarter. Riverbend Wealth Management LLC now owns 6,791 shares of the technology company’s stock valued at $1,115,000 after purchasing an additional 353 shares during the last quarter. Red Door Wealth Management LLC lifted its position in shares of Dell Technologies by 1.3% during the 1st quarter. Red Door Wealth Management LLC now owns 104,452 shares of the technology company’s stock worth $17,144,000 after buying an additional 1,376 shares during the last quarter. Gunderson Capital Management LLC acquired a new position in shares of Dell Technologies in the 1st quarter valued at $8,057,000. Cornerstone Wealth Group LLC acquired a new position in shares of Dell Technologies in the 1st quarter valued at $323,000. Finally, Nicholas Wealth LLC. grew its position in shares of Dell Technologies by 20.0% in the 1st quarter. Nicholas Wealth LLC. now owns 10,054 shares of the technology company’s stock valued at $1,650,000 after buying an additional 1,676 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently weighed in on DELL. Citigroup began coverage on shares of Dell Technologies in a research report on Monday, June 1st. They issued an “outperform” rating for the company. Jefferies Financial Group cut Dell Technologies to a “hold” rating in a research report on Monday, June 1st. Wells Fargo & Company boosted their target price on Dell Technologies from $270.00 to $505.00 and gave the company an “overweight” rating in a report on Friday, May 29th. CLSA raised Dell Technologies to an “outperform” rating in a research report on Friday, May 29th. Finally, Wolfe Research lowered Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research report on Friday, May 29th. One 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $490.38.

Dell Technologies News Summary

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

• Positive Sentiment: Dell is still being viewed as a major AI infrastructure winner, with reports pointing to strong demand for AI servers, a record AI backlog, and favorable commentary from analysts who remain constructive on the stock. Goldman Sachs Raises Price Target on Dell Technologies Following Strong AI Server Demand
• Positive Sentiment: Wall Street remains generally bullish, with multiple firms raising price targets after Dell’s strong earnings and management’s upbeat outlook for AI-driven growth. Dell Technologies Inc. Stock Forecast
• Positive Sentiment: Shareholders approved moving Dell’s legal home from Delaware to Texas, a symbolic win for Michael Dell and a move management says better reflects the company’s roots and business identity. Dell shareholders approve legal move from Delaware to Texas
• Neutral Sentiment: Dell is drawing extra investor attention ahead of earnings and after a big rally, but several of the recent articles are mostly momentum and interest pieces rather than new fundamental updates. Dell Technologies is Attracting Investor Attention
• Neutral Sentiment: A director sold shares under a pre-arranged 10b5-1 plan, which is routine but can still add a little pressure to sentiment. Director Lynn Vojvodich Radakovich stock sale
• Negative Sentiment: The stock also faced selling pressure after a brokerage downgrade raised valuation concerns and worried that some of Dell’s AI-related upside may already be priced in. Dell Shares Tumble Following Analyst Downgrade to Hold
• Negative Sentiment: Broader commentary about rising memory-chip costs and hardware margin pressure has also weighed on Dell shares, since higher component prices could squeeze profitability across the PC and server businesses. Apple hikes prices as memory chip costs skyrocket

Insider Activity

In other news, General Counsel Richard J. Rothberg sold 20,000 shares of the firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $410.00, for a total value of $8,200,000.00. Following the completion of the sale, the general counsel owned 142,415 shares in the company, valued at approximately $58,390,150. This trade represents a 12.31% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Silver Lake Partners V. De (Aiv sold 20,095 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $403.12, for a total transaction of $8,100,696.40. Following the transaction, the director owned 50,381 shares in the company, valued at approximately $20,309,588.72. This trade represents a 28.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 3,885,274 shares of company stock valued at $1,396,987,916. 41.50% of the stock is currently owned by company insiders.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $394.93 on Monday. Dell Technologies Inc. has a one year low of $110.22 and a one year high of $469.47. The stock has a market capitalization of $255.96 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 0.85 and a beta of 1.30. The company has a 50-day simple moving average of $311.46 and a 200-day simple moving average of $198.86.

Dell Technologies (NYSE:DELL) last released its quarterly 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. The firm had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The business’s revenue was up 87.5% on a year-over-year basis. During the same quarter last year, the company posted $1.55 earnings per share. 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. As a group, research analysts forecast that Dell Technologies Inc. will post 17.74 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Tuesday, July 21st. Dell Technologies’s dividend payout ratio is 20.02%.

About Dell Technologies

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.