Dell Technologies Inc. $DELL Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC grew its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 1.5% during the fourth quarter, Holdings Channel reports. The firm owned 7,478,732 shares of the technology company’s stock after acquiring an additional 108,011 shares during the quarter. Geode Capital Management LLC’s holdings in Dell Technologies were worth $939,808,000 as of its most recent filing with the SEC.

Several other institutional investors also recently made changes to their positions in DELL. Navalign LLC bought a new position in shares of Dell Technologies during the fourth quarter valued at approximately $29,000. WealthCollab LLC boosted its holdings in shares of Dell Technologies by 82.0% during the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after acquiring an additional 114 shares during the period. iA Global Asset Management Inc. acquired a new position in shares of Dell Technologies during the fourth quarter valued at $32,000. State of Wyoming acquired a new position in shares of Dell Technologies during the second quarter valued at $33,000. Finally, Smithfield Trust Co boosted its holdings in shares of Dell Technologies by 92.9% during the fourth quarter. Smithfield Trust Co now owns 328 shares of the technology company’s stock valued at $41,000 after acquiring an additional 158 shares during the period. 76.37% of the stock is owned by institutional investors.

Dell Technologies Price Performance

Shares of DELL opened at $420.96 on Friday. The company has a 50-day moving average of $216.82 and a two-hundred day moving average of $159.38. The stock has a market cap of $271.83 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 1.16 and a beta of 0.99. Dell Technologies Inc. has a one year low of $106.38 and a one year high of $429.15.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate of $3.04 by $1.82. Dell Technologies had a net margin of 6.28% and a negative return on equity of 324.36%. The business had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. During the same period in the previous year, the company posted $1.55 EPS. Dell Technologies’s revenue was up 87.5% on a year-over-year basis. 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 anticipate that Dell Technologies Inc. will post 12.21 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on DELL. TD Cowen lifted their price target on Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a report on Friday. Raymond James Financial cut Dell Technologies from an “outperform” rating to a “market perform” rating in a report on Friday. UBS Group set a $700.00 price target on Dell Technologies in a report on Friday. CLSA raised Dell Technologies to an “outperform” rating in a report on Friday. Finally, Susquehanna set a $289.00 price target on Dell Technologies and gave the company a “neutral” rating in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, eight have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $421.00.

Dell Technologies News Roundup

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

• Positive Sentiment: Dell reported revenue of $43.8 billion, up 88% year over year, and EPS of $4.86, far above Wall Street expectations, signaling a major earnings beat. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI server demand was the main catalyst: Dell said AI-optimized server revenue jumped 757% to $16.1 billion, with $24.4 billion of AI orders and a record backlog, showing demand remains very strong. Reuters: Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Management raised full-year guidance to $165 billion-$169 billion in revenue and lifted AI-server revenue expectations, which suggests the growth surge may continue into the next quarters. WSJ: Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets sharply, which can add momentum to the stock. Benzinga: Dell’s AI-Fueled Surge May Be Far From Over
• Neutral Sentiment: The Pentagon contract is strategically important and supports Dell’s enterprise/software relationships, but investors appear to be focusing more on the AI-server earnings beat than the contract itself. CNBC: Dell wins a $9.7 billion Pentagon software deal

Insiders Place Their Bets

In other news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were sold at an average price of $146.83, for a total transaction of $74,883,300.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Ellen Jamison Kullman sold 150,346 shares of the firm’s stock in a transaction on Friday, March 6th. The shares were sold at an average price of $145.13, for a total transaction of $21,819,714.98. Following the transaction, the director owned 65,662 shares in the company, valued at $9,529,526.06. This represents a 69.60% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 3,571,688 shares of company stock worth $576,654,105 in the last 90 days. 41.50% of the stock is owned by insiders.

Dell Technologies Company 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.