Cornerstone Wealth Group LLC Invests $323,000 in Dell Technologies Inc. $DELL

Cornerstone Wealth Group LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL) during the first quarter, Holdings Channel reports. The fund purchased 1,968 shares of the technology company’s stock, valued at approximately $323,000.

A number of other large investors have also recently bought and sold shares of DELL. Commonwealth Retirement Investments LLC bought a new stake in Dell Technologies during the fourth quarter worth approximately $25,000. Rossby Financial LCC lifted its stake in shares of Dell Technologies by 968.4% in the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after buying an additional 184 shares during the last quarter. Navalign LLC acquired a new stake in shares of Dell Technologies in the fourth quarter worth $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of Dell Technologies during the 4th quarter worth $29,000. Finally, 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 valued at $31,000 after buying an additional 114 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Up 3.7%

Dell Technologies stock opened at $414.26 on Tuesday. The stock has a 50-day simple moving average of $315.88 and a 200 day simple moving average of $200.80. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $469.47. The stock has a market capitalization of $268.49 billion, a price-to-earnings ratio of 32.90, a P/E/G ratio of 0.85 and a beta of 1.30.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 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 net margin of 6.28% and a negative return on equity of 366.90%. The company’s revenue was up 87.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 17.74 EPS for the current 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 of this dividend is Tuesday, July 21st. Dell Technologies’s dividend payout ratio is 20.02%.

Insiders Place Their Bets

In related news, 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 value of $8,200,000.00. Following the completion of the sale, the general counsel owned 142,415 shares of the company’s stock, valued at $58,390,150. This trade represents a 12.31% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Silver Lake Partners V. De (Aiv sold 20,095 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $403.12, for a total value of $8,100,696.40. Following the transaction, the director directly owned 50,381 shares in the company, valued at approximately $20,309,588.72. This represents a 28.51% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,885,274 shares of company stock valued at $1,396,987,916 over the last quarter. Company insiders own 41.50% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on DELL. Piper Sandler lifted their price target on Dell Technologies from $167.00 to $497.00 and gave the stock an “overweight” rating in a research report on Friday, May 29th. Morgan Stanley increased their price objective on Dell Technologies from $448.00 to $477.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 23rd. Zacks Research raised shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $280.00 to $500.00 and gave the company an “overweight” rating in a research note on Friday, May 29th. Finally, Jefferies Financial Group downgraded 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 issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $490.38.

Dell Technologies News Roundup

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

• Positive Sentiment: Several recent articles highlight Dell as a beneficiary of accelerating demand for big data and AI infrastructure, especially in enterprise and data-center use cases, reinforcing the market’s bullish view of its server and storage business. Top Big Data Stocks Powering the Future of Data-Driven AI
• Positive Sentiment: Dell also won shareholder approval to move its legal domicile from Delaware to Texas, which management says better matches the company’s long-standing headquarters and may be viewed as a governance simplification. Dell (DELL) Wins Shareholder Backing To Move Its Legal Home To Texas
• Neutral Sentiment: News that Nasdaq and NYSE will ring the opening bell from the Oval Office to promote Trump Accounts does not appear specific to Dell’s fundamentals, so it is unlikely to have a meaningful stock impact. Nasdaq, NYSE to Ring Bell From Oval Office, Tout Trump Accounts
• Negative Sentiment: GF Securities downgraded Dell after an almost 200% run since February, suggesting valuation concerns after the stock’s strong move higher, even though the firm acknowledged Dell’s record quarter and rapid AI server growth. After a Nearly 200% Run Since February, GF Securities Downgraded Dell Shares. Don’t Count DELL Stock Out Just Yet.

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.