Burns J W & Co. Inc. NY Buys 3,410 Shares of Dell Technologies Inc. $DELL

Burns J W & Co. Inc. NY increased its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 27.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 15,915 shares of the technology company’s stock after acquiring an additional 3,410 shares during the period. Burns J W & Co. Inc. NY’s holdings in Dell Technologies were worth $2,612,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of DELL. Cidel Asset Management Inc. acquired a new position in shares of Dell Technologies during the 1st quarter worth approximately $269,000. Krilogy Financial LLC boosted its holdings in shares of Dell Technologies by 18.7% in the 1st quarter. Krilogy Financial LLC now owns 4,910 shares of the technology company’s stock valued at $806,000 after buying an additional 772 shares during the last quarter. Signal Advisors Wealth LLC bought a new position in shares of Dell Technologies in the first quarter valued at $202,000. Robbins Farley grew its stake in shares of Dell Technologies by 2.0% in the first quarter. Robbins Farley now owns 30,954 shares of the technology company’s stock valued at $5,080,000 after buying an additional 620 shares in the last quarter. Finally, Bell Investment Advisors Inc increased its holdings in Dell Technologies by 19.3% during the first quarter. Bell Investment Advisors Inc now owns 322 shares of the technology company’s stock worth $53,000 after buying an additional 52 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Insider Transactions at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of Dell Technologies stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $457.99, for a total transaction of $86,928,791.95. Following the completion of the sale, the director directly owned 24,287 shares of the company’s stock, valued at approximately $11,123,203.13. This trade represents a 88.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director V (Gp) L.L.C. Slta sold 458,666 shares of the business’s stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $177.24, for a total value of $81,293,961.84. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,873,252 shares of company stock worth $1,391,926,654 in the last ninety days. 41.50% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of analysts have commented on the stock. CLSA upgraded shares of Dell Technologies to an “outperform” rating in a research note on Friday, May 29th. The Goldman Sachs Group upped their target price 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. Barclays downgraded shares of Dell Technologies from an “overweight” rating to a “reduce” rating in a research note on Friday, May 29th. Raymond James Financial cut Dell Technologies from an “outperform” rating to a “market perform” rating in a report on Friday, May 29th. Finally, Morgan Stanley boosted their price target on Dell Technologies from $448.00 to $477.00 and gave the stock an “equal weight” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Dell Technologies currently has a consensus rating of “Moderate Buy” and a consensus price target of $490.38.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Dell launched the PowerEdge XE8812 server and broadened its AI Factory with NVIDIA, reinforcing its position in high-demand AI and HPC infrastructure. 144 GPUs per rack: Dell launches new server for massive supercomputing tasks
• Positive Sentiment: Morgan Stanley raised its price target on Dell to $477 from $448, signaling continued Wall Street confidence in the company’s upside potential. Morgan Stanley raises price target on Dell Technologies to 477 from 448, keeps equalweight rating
• Positive Sentiment: Analysts and industry coverage continue to highlight Dell as a momentum stock benefiting from strong AI server demand and a large backlog tied to enterprise and sovereign AI projects. Why Dell Technologies (DELL) is a top momentum stock for the long term
• Neutral Sentiment: An IDC–Dell study found 96% of Indian government leaders are advancing sovereign AI strategies, which supports the long-term demand narrative for Dell’s infrastructure offerings. IDC–Dell study: 96% of Indian government leaders advancing sovereign AI strategy
• Neutral Sentiment: Broader commentary from the server market points to rapidly growing AI infrastructure spending, which is helping lift Dell along with peers in the compute hardware space. Morgan Stanley lifts server market TAM to 809B, boosts targets on compute stocks

Dell Technologies Price Performance

Shares of DELL opened at $427.89 on Wednesday. The company’s 50-day moving average is $297.73 and its 200-day moving average is $193.08. The firm has a market capitalization of $277.32 billion, a PE ratio of 33.99, a PEG ratio of 0.90 and a beta of 1.30. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $469.47.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $1.90. The business 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%. Dell Technologies’s quarterly revenue was up 87.5% on a year-over-year basis. During the same quarter in the prior year, the business 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. Analysts predict that Dell Technologies Inc. will post 17.6 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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