Ashton Thomas Private Wealth LLC Raises Stock Position in Dell Technologies Inc. $DELL

Key Points

• Ashton Thomas Private Wealth LLC increased its stake in Dell by 180.2% in Q4, owning 10,743 shares after buying an additional 6,909 shares, valued at about $1.35 million.
• Dell beat quarterly expectations with EPS $3.89 (vs. $3.53 est.) and revenue of $33.38 billion (up 39.5% year-over-year), and set FY2027 guidance at 12.90 EPS.
• Analyst sentiment is broadly positive with multiple upgrades and higher price targets (e.g., Citigroup to $235, JPMorgan to $205, Bank of America to $246), leaving a consensus rating of Moderate Buy and an average target of $183.68.

Ashton Thomas Private Wealth LLC increased its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 180.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,743 shares of the technology company's stock after purchasing an additional 6,909 shares during the period. Ashton Thomas Private Wealth LLC's holdings in Dell Technologies were worth $1,352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in DELL. WealthCollab LLC raised 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 worth $31,000 after purchasing an additional 114 shares during the last quarter. State of Wyoming purchased a new position in shares of Dell Technologies during the second quarter worth $33,000. Red Tortoise LLC acquired a new stake in Dell Technologies during the third quarter valued at $36,000. J.Safra Asset Management Corp acquired a new stake in Dell Technologies during the third quarter valued at $43,000. Finally, Westside Investment Management Inc. raised its position 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 worth $43,000 after acquiring an additional 78 shares during the period. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on DELL. Zacks Research upgraded Dell Technologies from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, April 21st. JPMorgan Chase & Co. lifted their price target on Dell Technologies from $165.00 to $205.00 and gave the company an "overweight" rating in a research note on Thursday, April 16th. Citigroup lifted their price target on Dell Technologies from $180.00 to $235.00 and gave the company a "buy" rating in a research note on Tuesday, April 21st. Piper Sandler cut 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. Finally, Wall Street Zen upgraded Dell Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $183.68.

Dell Technologies Stock Down 0.3%

Shares of NYSE DELL opened at $205.32 on Thursday. The company's 50-day simple moving average is $167.33 and its 200-day simple moving average is $144.05. Dell Technologies Inc. has a 52-week low of $86.76 and a 52-week high of $221.50. The firm has a market cap of $132.59 billion, a price-to-earnings ratio of 23.55, a price-to-earnings-growth ratio of 0.88 and a beta of 0.88.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.36. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The business had revenue of $33.38 billion for the quarter, compared to analyst estimates of $31.60 billion. During the same quarter last year, the business earned $2.68 earnings per share. The company's revenue for the quarter was up 39.5% compared to the same quarter last year. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Equities research analysts anticipate that Dell Technologies Inc. will post 11.9 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Tuesday, April 21st will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 1.2%. This is a positive change from Dell Technologies's previous quarterly dividend of $0.53. The ex-dividend date is Tuesday, April 21st. Dell Technologies's dividend payout ratio (DPR) is 28.90%.

Insiders Place Their Bets

In other news, CFO David Alan Kennedy sold 19,500 shares of Dell Technologies stock in a transaction dated Thursday, April 9th. The shares were sold at an average price of $182.53, for a total value of $3,559,335.00. Following the sale, the chief financial officer owned 183,097 shares in the company, valued at $33,420,695.41. This trade represents a 9.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William F. Scannell sold 143,067 shares of Dell Technologies stock in a transaction dated Monday, March 23rd. The shares were sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the completion of the sale, the insider owned 21,779 shares in the company, valued at approximately $3,593,535. This trade represents a 86.79% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 3,571,688 shares of company stock valued at $576,654,105. 42.00% of the stock is owned by company insiders.

Dell Technologies News Summary

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

• Positive Sentiment: Bank of America raised its price target to $246 and reiterated a Buy, citing rising AI infrastructure and "agentic AI" demand that should lift Dell server and storage sales — this is a major bullish catalyst from a large sell-side shop. Bank of America Highlights Growing AI Infrastructure Spend for Dell Technologies
• Positive Sentiment: Analyst/market write-ups (24/7 Wall St.) project double-digit upside (price target ~$235.6) based on continued AI server demand and Dell's large addressable AI hardware pipeline — supportive for momentum and investor sentiment. Dell Price Prediction: Double-Digit Gains Still Possible
• Positive Sentiment: EuroHPC JU signed a deal with Dell for the IT4LIA AI supercomputer — a concrete, high-profile win that should translate into multi‑server, storage and services revenue and further validates Dell in the AI infrastructure market. EuroHPC JU signs deal with Dell for IT4LIA AI supercomputer
• Positive Sentiment: Macro/sector commentary (247WallSt.) argues Dell's breakout is durable and that the AI server cycle is just beginning — supports thesis of further multiple expansion if AI capex continues. Dell’s Breakout Is the Real Deal and the AI Server Cycle Is Just Starting
• Neutral Sentiment: Long-form analysis (Seeking Alpha) discusses Dell's strategic shift toward AI infrastructure — useful for investors evaluating sustainability of the rally but not an immediate catalyst. Dell's Shift Is Bigger Than The Rally Suggests
• Neutral Sentiment: Product reviews (CNET) of new XPS laptops are broadly positive but represent consumer‑segment momentum rather than the high-margin enterprise/AI revenue driving the recent re‑rating. Dell XPS 16 Review: CNET
• Negative Sentiment: Morgan Stanley lifted its price target slightly to $110 but maintained an Underweight rating — a reminder some institutions view the name as expensive and see sizable downside versus the current price. This keeps a portion of sell‑side pressure on the stock. Morgan Stanley Adjusts Dell Technologies Price Target to $110

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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