State of Michigan Retirement System Sells 1,300 Shares of Dell Technologies Inc. $DELL

State of Michigan Retirement System lowered its holdings in Dell Technologies Inc. (NYSE:DELL) by 1.4% during the 1st quarter, HoldingsChannel.com reports. The fund owned 91,058 shares of the technology company’s stock after selling 1,300 shares during the quarter. State of Michigan Retirement System’s holdings in Dell Technologies were worth $14,945,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Commonwealth Retirement Investments LLC bought a new position in shares of Dell Technologies in the fourth quarter worth approximately $25,000. Rossby Financial LCC lifted its position in Dell Technologies by 968.4% during the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares during the last quarter. Portus Wealth Advisors LLC purchased a new position in Dell Technologies in the 1st quarter worth approximately $35,000. Kemnay Advisory Services Inc. purchased a new position in Dell Technologies in the 4th quarter worth approximately $29,000. Finally, Navalign LLC bought a new position in shares of Dell Technologies in the 4th quarter worth $29,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Trading Up 7.1%

Shares of DELL opened at $457.64 on Wednesday. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $469.47. The firm’s 50-day moving average price is $363.26 and its 200-day moving average price is $223.64. The firm has a market capitalization of $296.60 billion, a price-to-earnings ratio of 36.35, a PEG ratio of 0.91 and a beta of 1.31.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 company had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $35.74 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. 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. On average, research analysts forecast that Dell Technologies Inc. will post 17.74 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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 currently 20.02%.

Key Dell Technologies News

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

• Positive Sentiment: Multiple reports say Dell is “winning the AI infrastructure race,” citing strong demand for AI-optimized servers and the company’s growing role in data-center buildouts. Dell Is Winning the AI Infrastructure Race. Here’s What Comes Next After a 250% YTD Rally.
• Positive Sentiment: Another note said PC shipments were weaker in Q2, but Dell’s AI infrastructure segment continues to exceed expectations, helping support the stock’s long-term growth story. PC Shipments Fell in Q2, but AI Optimism Is Set to Keep Growing and Push DELL Stock Higher
• Positive Sentiment: Analyst commentary remains constructive, with one article highlighting Dell’s strong interest coverage and solid growth prospects despite higher borrowing costs. DELL & 3 More Stocks With Strong Interest Coverage to Buy Now
• Neutral Sentiment: Several stories focused on how far Dell has already run this year and whether the stock can keep climbing, suggesting valuation is becoming a bigger debate after the rally. Missed DELL’s 248% Run? IGPT Quietly Turned $10K Into $16,600
• Negative Sentiment: Recent insider selling by several Silver Lake-related directors may be pressuring sentiment, since the sales were sizable and came near recent highs. SEC filing for Silver Lake Partners sale
• Negative Sentiment: One trading update noted Dell underperformed the broader market in the latest session, which may reflect profit-taking after the stock’s outsized year-to-date advance. Dell Technologies Registers a Bigger Fall Than the Market

Insider Activity

In related news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $457.99, for a total value of $86,928,791.95. Following the completion of the transaction, the director directly owned 24,287 shares in the company, valued at $11,123,203.13. This trade represents a 88.66% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Spv-2 L.P. Sl sold 175,901 shares of Dell Technologies stock in a transaction dated Monday, June 1st. The shares were 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 of the company’s stock, valued at approximately $16,789,455.41. This trade represents a 82.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 3,816,758 shares of company stock worth $1,516,412,103 in the last quarter. 41.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

DELL has been the topic of several recent research reports. TD Cowen increased their target price on shares of Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a report on Friday, May 29th. Citic Securities boosted their price target on shares of Dell Technologies from $160.00 to $505.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. Piper Sandler upped their price target on shares of Dell Technologies from $167.00 to $497.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. CLSA raised Dell Technologies to an “outperform” rating in a research note on Friday, May 29th. Finally, Royal Bank Of Canada began coverage on Dell Technologies in a report on Friday, May 29th. They issued an “outperform” rating on the stock. One investment 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 assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $492.76.

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.