BI Asset Management Fondsmaeglerselskab A S Has $16.61 Million Stock Position in Dell Technologies Inc. $DELL

Key Points

• BI Asset Management Fondsmaeglerselskab A S increased its Dell Technologies stake by 55.5% in the fourth quarter, ending with 131,964 shares valued at about $16.61 million.
• Dell continues to draw strong investor and analyst attention after a major earnings beat, with bulls citing booming AI infrastructure spending and expanding AI-related demand beyond servers into PCs.
• Wall Street has sharply raised price targets on Dell, including moves from Daiwa and Goldman Sachs to $465 and $500, while the company reported quarterly EPS of $4.86 on revenue of $43.84 billion.

BI Asset Management Fondsmaeglerselskab A S grew its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 55.5% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 131,964 shares of the technology company's stock after buying an additional 47,078 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in Dell Technologies were worth $16,612,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Dell Technologies during the fourth quarter worth $607,349,000. Wellington Management Group LLP grew its stake in shares of Dell Technologies by 4,279.1% during the third quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company's stock worth $426,129,000 after purchasing an additional 2,937,137 shares during the period. Invesco Ltd. grew its stake in shares of Dell Technologies by 82.3% during the third quarter. Invesco Ltd. now owns 4,855,154 shares of the technology company's stock worth $688,315,000 after purchasing an additional 2,191,317 shares during the period. Franklin Resources Inc. grew its stake in shares of Dell Technologies by 541.9% during the third quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company's stock worth $283,052,000 after purchasing an additional 1,685,529 shares during the period. Finally, Vanguard Group Inc. grew its stake in shares of Dell Technologies by 4.5% during the fourth quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company's stock worth $3,957,850,000 after purchasing an additional 1,355,841 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies News Summary

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

• Positive Sentiment: Analysts and market commentators continue to raise expectations for Dell after its strong earnings beat, with several reports saying the company is benefiting from booming AI infrastructure spending. Article Title
• Positive Sentiment: Bernstein raised its price target on Dell to $500 and maintained an Outperform rating, reinforcing the view that Wall Street sees more upside after the company’s record AI quarter. Article Title
• Positive Sentiment: Dell’s partnership with Nvidia on new AI PCs, including the XPS 16 Creator Edition powered by RTX Spark, expands the AI growth story beyond servers into the PC market. Article Title
• Positive Sentiment: Multiple articles framed Dell as a major AI infrastructure winner, with investors betting the company can keep compounding growth as AI server orders and margins expand. Article Title

Analysts Set New Price Targets

Several research firms have weighed in on DELL. Daiwa Securities Group lifted their target price on Dell Technologies from $170.00 to $465.00 and gave the stock an "outperform" rating in a report on Tuesday, June 2nd. Truist Financial lifted their target price on Dell Technologies from $170.00 to $360.00 and gave the stock a "hold" rating in a report on Friday, May 29th. Jefferies Financial Group lowered Dell Technologies to a "hold" rating in a report on Monday, June 1st. The Goldman Sachs Group lifted their target price on Dell Technologies from $230.00 to $500.00 and gave the stock a "buy" rating in a report on Monday, June 1st. Finally, Barclays lowered Dell Technologies from an "overweight" rating to a "reduce" rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $475.76.

Dell Technologies Stock Performance

NYSE:DELL opened at $395.72 on Friday. The stock's 50-day simple moving average is $242.78 and its 200 day simple moving average is $169.51. The company has a market cap of $255.53 billion, a P/E ratio of 31.43, a P/E/G ratio of 1.16 and a beta of 1.30. Dell Technologies Inc. has a 52-week low of $109.17 and a 52-week high of $469.47.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.96 by $1.90. The business had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.Dell Technologies's quarterly revenue was up 87.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.55 earnings per share. 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. As a group, equities analysts predict that Dell Technologies Inc. will post 12.93 earnings per share for the current fiscal year.

Insider Activity at Dell Technologies

In related news, Director Silver Lake Partners V. De (Aiv sold 35,437 shares of Dell Technologies stock in a transaction dated Wednesday, June 3rd. The stock was sold at an average price of $422.98, for a total value of $14,989,142.26. Following the sale, the director owned 94,207 shares of the company's stock, valued at approximately $39,847,676.86. The trade was a 27.33% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Spv-2 L.P. Sl sold 78,236 shares of Dell Technologies stock in a transaction dated Wednesday, June 3rd. The shares were sold at an average price of $422.98, for a total value of $33,092,263.28. Following the completion of the sale, the director directly owned 11,274 shares in the company, valued at approximately $4,768,676.52. This represents a 87.40% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,709,030 shares of company stock valued at $983,328,426. 41.50% of the stock is owned by insiders.

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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