Allworth Financial LP Has $28.15 Million Stock Position in Dell Technologies Inc. $DELL

Key Points

• Allworth Financial cut its Dell Technologies stake by 51.9% in the second quarter, selling 70,400 shares and retaining 65,239 shares valued at approximately $28.15 million. Institutional investors overall own 76.37% of Dell’s stock.
• Dell reported strong quarterly results, with revenue up 57.7% year over year to $46.97 billion and adjusted EPS of $7.04, exceeding analyst estimates. The company’s AI infrastructure backlog reached approximately $95 billion, supporting optimism about continued AI-driven growth.
• Dell shares rose 1.7% to $533.27, near their 52-week high, while analysts maintained a consensus “Moderate Buy” rating with an average price target of $553.79. The company also announced a quarterly dividend of $0.63 per share, although insiders have sold more than 1.1 million shares worth about $459.4 million over the past 90 days.

Allworth Financial LP lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 51.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 65,239 shares of the technology company's stock after selling 70,400 shares during the quarter. Allworth Financial LP's holdings in Dell Technologies were worth $28,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Brighton Jones LLC lifted its stake in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after buying an additional 901 shares during the period. Sivia Capital Partners LLC bought a new position in Dell Technologies during the second quarter valued at about $328,000. Marshall Wace LLP acquired a new position in Dell Technologies in the 2nd quarter valued at approximately $809,000. Gamco Investors INC. ET AL lifted its position in shares of Dell Technologies by 30.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company's stock worth $819,000 after acquiring an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC grew its holdings in shares of Dell Technologies by 147.2% during the 2nd quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company's stock worth $7,112,000 after purchasing an additional 34,538 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Key Dell Technologies News

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

• Positive Sentiment: Exceptional earnings and AI demand: Dell reported quarterly revenue of $46.97 billion, ahead of the $44.89 billion consensus estimate, while adjusted earnings per share of $7.04 exceeded expectations by $2.13. Revenue rose 57.7% year over year, and reported AI infrastructure backlog reached approximately $95 billion. The results prompted analysts to raise price targets. Dell Technologies Stock Soars as AI Revenue and Earnings Crush Forecasts
• Positive Sentiment: On-premises AI positioning: Recent coverage argues that Dell is benefiting from an overlooked enterprise trend: companies are purchasing servers, storage and networking equipment to run AI workloads in their own data centers. This expands Dell’s opportunity beyond traditional PCs and strengthens the case that its AI growth can persist. Dell’s latest reinvention reveals the AI buildout on-premise
• Positive Sentiment: Investor and index support: Wall Street commentary describes Dell as a leading alternative to higher-valued AI stocks, while its strong earnings growth and momentum have attracted institutional buyers. Dell’s addition to the S&P 100 may also increase visibility and create potential demand from index-tracking funds. Dell and HPE Posted Record Revenue
• Positive Sentiment: Broader product opportunities: Dell is expanding its consumer PC lineup with the lower-priced 14S laptop as consumer revenue improves. The company is also collaborating with Texas A&M on AI-enabled experiential learning, supporting its commercial and education ecosystem. DELL Expands Consumer PC Reach
• Neutral Sentiment: Near-term risks: After a substantial rally, valuation and profit-taking could increase volatility. Dell also faces competition from HP and Apple in PCs, while investors will monitor whether its AI backlog converts into revenue and expanding margins. Cautious markets, higher bond yields and fund outflows could temporarily limit further gains.

Analyst Ratings Changes

A number of brokerages recently commented on DELL. Loop Capital upped their target price on Dell Technologies from $150.00 to $550.00 and gave the company a "buy" rating in a research note on Friday, May 29th. Citic Securities lifted 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. TD Cowen increased their price objective on shares of Dell Technologies from $450.00 to $500.00 and gave the company a "hold" rating in a research note on Wednesday, September 2nd. Melius Research raised their price objective on shares of Dell Technologies from $650.00 to $735.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Finally, Mizuho upped their target price on shares of Dell Technologies from $500.00 to $600.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average target price of $553.79.

Dell Technologies Stock Up 1.7%

Dell Technologies stock traded up $9.13 during mid-day trading on Tuesday, hitting $533.27. 6,649,771 shares of the company were exchanged, compared to its average volume of 8,365,311. The company has a market capitalization of $345.62 billion, a PE ratio of 30.95, a price-to-earnings-growth ratio of 0.54 and a beta of 1.34. The business has a fifty day moving average of $441.51 and a 200 day moving average of $313.17. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $538.47.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13. The company had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The firm's revenue for the quarter was up 57.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 EPS. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. Research analysts expect that Dell Technologies Inc. will post 25.14 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies's dividend payout ratio is currently 14.63%.

Insider Activity

In other news, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of Dell Technologies stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $31,160,919.24. Following the completion of the transaction, the director owned 67,990 shares in the company, valued at approximately $30,836,184.60. The trade was a 50.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Spv-2 L.P. Sl sold 59,492 shares of the business's stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $453.54, for a total value of $26,982,001.68. Following the completion of the transaction, the director directly owned 89,222 shares in the company, valued at $40,465,745.88. The trade was a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,124,788 shares of company stock worth $459,356,512. Corporate insiders own 41.50% of the company's stock.

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.

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