Assenagon Asset Management S.A. Has $60.22 Million Holdings in Dell Technologies Inc. $DELL

Key Points

• Assenagon Asset Management cut its Dell position by 58% in the second quarter, selling 192,887 shares and retaining 139,560 shares valued at approximately $60.2 million. Institutional investors collectively own 76.37% of Dell’s stock.
• Dell reported strong momentum, with quarterly revenue up 87.5% year over year to $43.84 billion and EPS of $4.86, well above estimates. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $494.67, driven by demand for AI servers and enterprise technology.
• Valuation and trading risks are rising after Dell’s sharp rally: the stock is near its $485.70 one-year high, while some analysts cite full valuation, a failed breakout and sensitivity to weaker AI-server peer results. Insiders sold more than 3.4 million shares worth about $1.45 billion over the past 90 days.

Assenagon Asset Management S.A. trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 58.0% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 139,560 shares of the technology company's stock after selling 192,887 shares during the period. Assenagon Asset Management S.A.'s holdings in Dell Technologies were worth $60,215,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the stock. Commonwealth Retirement Investments LLC bought a new position in Dell Technologies during the 4th quarter valued at $25,000. Rossby Financial LCC increased its position in shares of Dell Technologies by 968.4% during the 4th 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. Navalign LLC purchased a new position in shares of Dell Technologies in the 4th quarter worth about $29,000. Kemnay Advisory Services Inc. bought a new stake in Dell Technologies in the fourth quarter worth about $29,000. Finally, WealthCollab LLC boosted its stake in 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 acquiring an additional 114 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Investors continue to point to Dell’s AI-server momentum, including reported contract wins tied to the Volta AI factory and Texas A&M’s IGNITE platform. The company’s latest results also showed record revenue, strong AI-optimized server sales and a substantial AI order pipeline. Dell Technologies Could Be 4% Below Fair Value on AI Infrastructure Wins
• Positive Sentiment: Analyst sentiment remains broadly favorable, with recent price targets generally above the current trading range and a reported median target of $500. Optimism centers on enterprise IT spending and demand for AI servers, while partnerships with Nvidia, AMD and Microsoft reinforce Dell’s competitive positioning. Is Dell Technologies a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: A broader view from Barchart argues that Dell’s long-term growth opportunity remains intact despite its major rally, citing rising enterprise technology spending as a foundation for further expansion. After a 250% Rally, Dell Stock Still Has Room to Run
• Neutral Sentiment: Dell’s collaboration with Nokia and Nvidia on AI-powered radio access networks and future 6G connectivity adds strategic visibility, although the initiative is primarily a Nokia-focused announcement and its direct financial impact on Dell is not yet clear. Nokia Launches AI RAN Platform
• Negative Sentiment: Seeking Alpha downgraded Dell, arguing that the business is strong but the stock is now fully valued following its steep advance. This valuation concern could encourage profit-taking near the stock’s highs. Dell: Great Business, Full Price
• Negative Sentiment: Weakness in a major AI-server peer triggered a sector-wide reassessment, pressuring Dell on concerns that AI hardware demand or near-term orders could disappoint. Dell’s next earnings report is scheduled for September 3, leaving the stock sensitive to peer results and industry commentary. Dell Slips as Peer Earnings Pressure AI Server Trade
• Negative Sentiment: Investor’s Business Daily highlighted a failed breakout and discussed exiting the trade, signaling short-term technical risk after Dell’s rapid run-up. Extensive recent insider selling may add to concerns about profit-taking, even though it does not necessarily indicate deteriorating fundamentals. Exiting Gracefully on Opening Bell Disasters

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $453.71 on Friday. The stock's fifty day moving average is $417.22 and its 200 day moving average is $260.25. Dell Technologies Inc. has a one year low of $110.22 and a one year high of $485.70. The stock has a market cap of $294.05 billion, a P/E ratio of 36.04, a P/E/G ratio of 0.93 and a beta of 1.33.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping the consensus estimate of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The firm had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same quarter last year, the company earned $1.55 earnings per share. The business's revenue for the quarter 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. Analysts predict that Dell Technologies Inc. will post 17.77 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were paid a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.6%. The ex-dividend date was Tuesday, July 21st. Dell Technologies's dividend payout ratio is presently 20.02%.

Analyst Ratings Changes

A number of brokerages recently issued reports on DELL. Wells Fargo & Company boosted their price objective on Dell Technologies from $270.00 to $505.00 and gave the company an "overweight" rating in a research note on Friday, May 29th. TD Cowen lifted their target price on shares of Dell Technologies from $150.00 to $450.00 and gave the company a "hold" rating in a research report on Friday, May 29th. Roth Capital assumed coverage on shares of Dell Technologies in a research note on Friday, May 29th. They issued a "buy" rating for the company. Wall Street Zen upgraded Dell Technologies from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 30th. Finally, Bank of America boosted their price objective on shares of Dell Technologies from $280.00 to $500.00 and gave the stock a "buy" rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $494.67.

Insider Activity at Dell Technologies

In related news, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of the firm's stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $15,814,486.26. Following the completion of the transaction, the director directly owned 43,961 shares of the company's stock, valued at approximately $19,938,071.94. This trade represents a 44.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Spv-2 L.P. Sl sold 59,492 shares of Dell Technologies 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 owned 89,222 shares of the company's stock, valued at approximately $40,465,745.88. This trade represents a 40.00% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 3,434,758 shares of company stock valued at $1,448,870,683. 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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