Allstate Corp Has $3.11 Million Stock Position in Dell Technologies Inc. $DELL

Key Points

• Allstate Corp more than doubled its Dell stake in the fourth quarter, increasing holdings by 102.1% to 24,691 shares valued at about $3.11 million.
• Analyst sentiment remains mostly positive, with Dell carrying a consensus “Moderate Buy” rating and an average price target of $211.32, even as a few firms adjusted ratings or targets.
• Insider selling has been significant, including large share sales by directors, while Dell’s stock has also been supported by strong recent AI-related demand and major contract wins such as a Pentagon deal.

Allstate Corp boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 102.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,691 shares of the technology company's stock after purchasing an additional 12,473 shares during the period. Allstate Corp's holdings in Dell Technologies were worth $3,108,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Navalign LLC acquired a new position in Dell Technologies in the 4th quarter worth about $29,000. WealthCollab LLC increased its stake in shares of Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company's stock valued at $31,000 after buying an additional 114 shares during the period. iA Global Asset Management Inc. acquired a new stake in shares of Dell Technologies in the fourth quarter valued at about $32,000. State of Wyoming acquired a new stake in shares of Dell Technologies in the second quarter valued at about $33,000. Finally, Westside Investment Management Inc. increased its stake in shares of Dell Technologies by 35.8% in the third quarter. Westside Investment Management Inc. now owns 296 shares of the technology company's stock valued at $43,000 after buying an additional 78 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Dell Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research note on Friday, May 15th. Wall Street Zen cut Dell Technologies from a "strong-buy" rating to a "buy" rating in a research note on Saturday, May 16th. Piper Sandler decreased their price target on Dell Technologies from $172.00 to $167.00 and set an "overweight" rating for the company in a research note on Friday, February 27th. Barclays increased their price target on Dell Technologies from $148.00 to $168.00 and gave the company an "overweight" rating in a research note on Friday, February 27th. Finally, Zacks Research raised Dell Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus target price of $211.32.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total value of $74,883,300.00. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Ellen Jamison Kullman sold 150,346 shares of the stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $145.13, for a total value of $21,819,714.98. Following the completion of the transaction, the director owned 65,662 shares in the company, valued at approximately $9,529,526.06. The trade was a 69.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 3,571,688 shares of company stock worth $576,654,105. Corporate insiders own 41.50% of the company's stock.

More Dell Technologies News

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

• Positive Sentiment: Dell won a roughly $9.7 billion Pentagon deal to consolidate and manage Microsoft software licenses for the U.S. Department of Defense, a headline that signals a large, high-profile revenue opportunity and is helping drive the stock higher. CNBC article on Dell Pentagon software deal
• Positive Sentiment: Investor enthusiasm is also being fueled by expectations that Dell’s fiscal first-quarter results will show strong AI-server demand, with analysts pointing to robust infrastructure solutions growth and potentially very large AI server revenue contributions. Zacks article on Dell AI server earnings preview
• Positive Sentiment: Momentum in Dell shares has been reinforced by a broader AI hardware rally and recent product/infrastructure announcements, including a $1.6 billion deal for Dell systems tied to IREN’s Nvidia Blackwell deployment, which underscores demand for Dell’s AI-ready hardware. Yahoo Finance article on IREN and Dell Blackwell deal
• Neutral Sentiment: Several previews and commentary pieces note that Dell’s stock has already had a huge run-up, so the upcoming earnings report is now a key test of whether AI demand can justify the valuation and sustain the recent rally. Benzinga earnings preview
• Negative Sentiment: There is still some risk that PC competition and broader macro pressure could weigh on margins, especially if the company’s earnings or guidance do not match the elevated expectations built into the stock. Zacks earnings article

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $305.11 on Thursday. Dell Technologies Inc. has a one year low of $106.38 and a one year high of $312.14. The stock's 50-day moving average is $208.08 and its 200 day moving average is $156.33. The firm has a market cap of $197.02 billion, a price-to-earnings ratio of 34.99, a PEG ratio of 1.12 and a beta of 0.99.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, February 26th. The technology company reported $3.89 EPS for the quarter, beating the consensus estimate of $3.53 by $0.36. The company had revenue of $33.38 billion for the quarter, compared to analyst estimates of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The firm's revenue for the quarter was up 39.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $2.68 EPS. On average, sell-side analysts expect that Dell Technologies Inc. will post 12.21 EPS for the current fiscal year.

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.

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