Proficio Capital Partners LLC Increases Position in Dell Technologies Inc. $DELL

Proficio Capital Partners LLC increased its holdings in Dell Technologies Inc. (NYSE:DELL) by 12.0% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 18,927 shares of the technology company’s stock after acquiring an additional 2,034 shares during the quarter. Proficio Capital Partners LLC’s holdings in Dell Technologies were worth $8,166,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of DELL. Norges Bank bought a new position in Dell Technologies during the fourth quarter worth $607,349,000. Wellington Management Group LLP increased its stake in Dell Technologies by 4,279.1% during the third quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock valued at $426,129,000 after purchasing an additional 2,937,137 shares during the last quarter. Invesco Ltd. raised its holdings in shares of Dell Technologies by 50.4% during the fourth quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after purchasing an additional 2,445,854 shares during the period. Michael & Susan Dell Foundation lifted its position in shares of Dell Technologies by 533.3% in the 4th quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock worth $337,652,000 after buying an additional 2,258,797 shares during the last quarter. Finally, AQR Capital Management LLC boosted its holdings in shares of Dell Technologies by 628.5% in the 2nd quarter. AQR Capital Management LLC now owns 1,374,078 shares of the technology company’s stock valued at $168,462,000 after buying an additional 1,185,454 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of DELL stock opened at $458.01 on Tuesday. The business’s fifty day moving average is $433.55 and its 200-day moving average is $299.86. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $514.00. The stock has a market cap of $296.84 billion, a PE ratio of 36.38, a price-to-earnings-growth ratio of 0.95 and a beta of 1.33.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, July 21st. Dell Technologies’s payout ratio is presently 20.02%.

Key Dell Technologies News

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

• Positive Sentiment: Analysts expect record quarterly revenue of roughly $44.5 billion, representing about 49% year-over-year growth, with earnings estimates near $4.92 per share. Bank of America and J.P. Morgan reportedly anticipate a strong beat and an increase to fiscal 2027 guidance. Dell Poised for Strong Fiscal Q2 Beat, Outlook Raise, BofA Says
• Positive Sentiment: Dell’s AI infrastructure business remains the key growth driver. Its server and data-center products are benefiting from hyperscaler and enterprise spending, while a reported $51.3 billion backlog provides visibility into future demand. Dell Q2: $51.3 Billion In Backlog; Now Show Me The Profits
• Positive Sentiment: Developments involving Nvidia and SpaceX could create additional opportunities for Dell’s AI infrastructure business. An analyst believes Dell’s ability to deliver a broad, integrated AI stack positions it to participate in continued data-center expansion. Why Dell’s Stock Stands to Gain From Developments at Nvidia and SpaceX
• Positive Sentiment: J.P. Morgan has maintained a bullish view, including a reported $565 price target, while coverage ahead of earnings broadly emphasizes Dell’s accelerating AI-server growth. Dell Gears Up for Q2 Print

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent research reports. Jefferies Financial Group cut shares of Dell Technologies to a “hold” rating in a report on Monday, June 1st. Morgan Stanley raised their price target on Dell Technologies from $430.00 to $434.00 and gave the stock an “equal weight” rating in a report on Monday, August 24th. Truist Financial boosted their price objective on Dell Technologies from $170.00 to $360.00 and gave the company a “hold” rating in a research report on Friday, May 29th. Weiss Ratings restated a “buy (b)” rating on shares of Dell Technologies in a research note on Wednesday, August 12th. Finally, Daiwa Securities Group raised their target price on Dell Technologies from $170.00 to $465.00 and gave the company an “outperform” rating in a research note on Tuesday, June 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus price target of $485.23.

Insider Buying and Selling at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of the company’s stock in a transaction dated Monday, June 8th. The stock was sold at an average price of $398.13, for a total value of $55,294,285.05. Following the transaction, the director owned 8,585 shares in the company, valued at $3,417,946.05. This represents a 94.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Spv-2 L.P. Sl sold 131,040 shares of the stock in a transaction on Monday, June 8th. The stock was sold at an average price of $398.13, for a total value of $52,170,955.20. Following the sale, the director owned 12,619 shares of the company’s stock, valued at approximately $5,024,002.47. This represents a 91.22% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,332,712 shares of company stock worth $954,404,039 over the last three months. 41.50% of the stock is owned by insiders.

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.