Dell Technologies Inc. $DELL Holdings Reduced by Abner Herrman & Brock LLC

Key Points

• Abner Herrman & Brock reduced its Dell stake by 3.9% in the second quarter, selling 6,187 shares and retaining 152,310 shares valued at $65.7 million. Institutional investors and hedge funds collectively own 76.37% of Dell.
• Wall Street remains broadly optimistic, with a consensus “Moderate Buy” rating and an average price target of $494.67. Dell shares opened at $453.71, near their 52-week high of $485.70.
• Dell reported a strong quarter, posting $4.86 in earnings per share versus estimates of $2.96 and 87.5% year-over-year revenue growth. The company also pays a quarterly dividend of $0.63 per share, although substantial insider selling and valuation concerns present potential risks.

Abner Herrman & Brock LLC reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 3.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 152,310 shares of the technology company's stock after selling 6,187 shares during the quarter. Dell Technologies makes up approximately 6.2% of Abner Herrman & Brock LLC's investment portfolio, making the stock its 3rd largest position. Abner Herrman & Brock LLC's holdings in Dell Technologies were worth $65,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. TrueWealth Advisors LLC purchased a new stake in Dell Technologies in the second quarter valued at $1,383,000. FNY Investment Advisers LLC lifted its stake in Dell Technologies by 48,750.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 4,885 shares of the technology company's stock worth $2,107,000 after acquiring an additional 4,875 shares in the last quarter. Cooper Financial Group purchased a new stake in Dell Technologies during the 2nd quarter worth approximately $545,000. Renaissance Investment Group LLC acquired a new stake in Dell Technologies during the 2nd quarter worth approximately $291,000. Finally, Elevation Wealth Partners LLC grew its stake in shares of Dell Technologies by 5,900.0% in the second quarter. Elevation Wealth Partners LLC now owns 180 shares of the technology company's stock worth $78,000 after acquiring an additional 177 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on DELL. Morgan Stanley upped their price objective on Dell Technologies from $448.00 to $477.00 and gave the stock an "equal weight" rating in a research report on Tuesday, June 23rd. Guggenheim upgraded shares of Dell Technologies to a "buy" rating in a research note on Monday, June 1st. William Blair initiated coverage on Dell Technologies in a report on Monday, June 1st. They set a "neutral" rating on the stock. Piper Sandler boosted their target price on Dell Technologies from $167.00 to $497.00 and gave the company an "overweight" rating in a report on Friday, May 29th. Finally, JPMorgan Chase & Co. raised their price target on Dell Technologies from $280.00 to $500.00 and gave the stock an "overweight" rating in a research note on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $494.67.

Dell Technologies Stock Up 3.7%

Dell Technologies stock opened at $453.71 on Friday. The firm has a market capitalization of $294.05 billion, a PE ratio of 36.04, a P/E/G ratio of 0.93 and a beta of 1.33. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $485.70. The firm's 50-day simple moving average is $417.22 and its 200 day simple moving average is $260.25.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating analysts' consensus estimates of $2.96 by $1.90. The firm had revenue of $43.84 billion for the quarter, compared to analysts' expectations 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 prior year, the firm earned $1.55 EPS. 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. On average, research analysts expect that Dell Technologies Inc. will post 17.77 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 31st. Investors of record on Tuesday, July 21st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date was Tuesday, July 21st. Dell Technologies's dividend payout ratio (DPR) is currently 20.02%.

Dell Technologies News Roundup

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

Insider Activity

In related news, Director Lake Group L.L.C. Silver sold 16,679 shares of the stock in a transaction dated Friday, June 26th. The stock was sold at an average price of $396.37, for a total transaction of $6,611,055.23. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Spv-2 L.P. Sl sold 59,492 shares of the firm's stock in a transaction dated 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 sale, the director directly owned 89,222 shares in the company, valued at approximately $40,465,745.88. The trade was a 40.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,434,758 shares of company stock valued at $1,448,870,683 over the last quarter. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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