CIBC Asset Management Inc Buys 28,683 Shares of Dell Technologies Inc. $DELL

CIBC Asset Management Inc grew its stake in Dell Technologies Inc. (NYSE:DELL) by 64.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 73,158 shares of the technology company’s stock after acquiring an additional 28,683 shares during the period. CIBC Asset Management Inc’s holdings in Dell Technologies were worth $9,209,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of DELL. Mccarter Private Wealth Services LLC grew its stake in Dell Technologies by 19.8% during the fourth quarter. Mccarter Private Wealth Services LLC now owns 11,182 shares of the technology company’s stock worth $1,408,000 after buying an additional 1,852 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Dell Technologies by 29.6% during the fourth quarter. Bank of New York Mellon Corp now owns 2,121,081 shares of the technology company’s stock worth $267,002,000 after buying an additional 483,960 shares in the last quarter. Westpac Banking Corp grew its stake in Dell Technologies by 21.3% during the fourth quarter. Westpac Banking Corp now owns 40,574 shares of the technology company’s stock worth $5,107,000 after buying an additional 7,113 shares in the last quarter. Dynasty Wealth Management LLC grew its stake in Dell Technologies by 6.2% during the fourth quarter. Dynasty Wealth Management LLC now owns 16,380 shares of the technology company’s stock worth $2,062,000 after buying an additional 962 shares in the last quarter. Finally, Heritage Trust Co acquired a new stake in Dell Technologies during the fourth quarter worth about $2,597,000. 76.37% of the stock is owned by institutional investors.

Dell Technologies Stock Down 6.2%

NYSE:DELL opened at $395.72 on Friday. The company has a fifty day moving average of $242.78 and a 200-day moving average of $169.51. Dell Technologies Inc. has a twelve month low of $109.17 and a twelve month high of $469.47. The firm has a market capitalization of $255.53 billion, a P/E ratio of 31.43, a P/E/G ratio of 1.24 and a beta of 1.30.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The business had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $35.74 billion. During the same quarter last year, the firm posted $1.55 EPS. Dell Technologies’s revenue was up 87.5% compared to the same quarter last year. 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. On average, analysts anticipate that Dell Technologies Inc. will post 12.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DELL. Citigroup began coverage on shares of Dell Technologies in a research note on Monday. They set an “outperform” rating on the stock. Wall Street Zen upgraded shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Zacks Research upgraded shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Wells Fargo & Company raised their price target on shares of Dell Technologies from $270.00 to $505.00 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 research note on Monday. One equities research analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $475.76.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: Analysts and market commentators continue to raise expectations for Dell after its strong earnings beat, with several reports saying the company is benefiting from booming AI infrastructure spending. Article Title
• Positive Sentiment: Bernstein raised its price target on Dell to $500 and maintained an Outperform rating, reinforcing the view that Wall Street sees more upside after the company’s record AI quarter. Article Title
• Positive Sentiment: Dell’s partnership with Nvidia on new AI PCs, including the XPS 16 Creator Edition powered by RTX Spark, expands the AI growth story beyond servers into the PC market. Article Title
• Positive Sentiment: Multiple articles framed Dell as a major AI infrastructure winner, with investors betting the company can keep compounding growth as AI server orders and margins expand. Article Title

Insiders Place Their Bets

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of Dell Technologies stock in a transaction on Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $86,928,791.95. Following the transaction, the director directly owned 24,287 shares of the company’s stock, valued at $11,123,203.13. The trade was a 88.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Spv-2 L.P. Sl sold 175,901 shares of Dell Technologies stock in a transaction on Monday, June 1st. The stock was sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the transaction, the director directly owned 36,659 shares in the company, valued at $16,789,455.41. This represents a 82.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,709,030 shares of company stock valued at $983,328,426 in the last three months. 41.50% of the stock is currently 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.