Dell Technologies Inc. $DELL Shares Bought by Carnegie Investment Counsel

Key Points

• Carnegie Investment Counsel increased its stake in Dell by 140.8% in Q4, acquiring an additional 26,027 shares and now owning 44,511 shares valued at about $5.60 million per its SEC filing.
• Dell beat expectations with Q4 EPS of $3.89 (vs. $3.53) and revenue of $33.38B (up 39.5% YoY), prompting analyst price-target raises (e.g., Bank of America to $205, Mizuho to $215) and supporting recent all-time-high share-price momentum.
• The company raised its quarterly dividend to $0.63 (annualized $2.52, ~1.4% yield), though investors should note substantial insider selling of roughly 2.6 million shares (~$403M) over the last three months.

Carnegie Investment Counsel lifted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 140.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 44,511 shares of the technology company's stock after acquiring an additional 26,027 shares during the quarter. Carnegie Investment Counsel's holdings in Dell Technologies were worth $5,603,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the company. Phoenix Financial Ltd. lifted its holdings in shares of Dell Technologies by 95.3% in the 3rd quarter. Phoenix Financial Ltd. now owns 33,792 shares of the technology company's stock worth $4,923,000 after purchasing an additional 16,488 shares during the last quarter. Stonegate Investment Group LLC lifted its holdings in shares of Dell Technologies by 24,493.8% in the 3rd quarter. Stonegate Investment Group LLC now owns 411,946 shares of the technology company's stock worth $58,402,000 after purchasing an additional 410,271 shares during the last quarter. Commerzbank Aktiengesellschaft FI lifted its holdings in shares of Dell Technologies by 637.3% in the 3rd quarter. Commerzbank Aktiengesellschaft FI now owns 19,333 shares of the technology company's stock worth $2,741,000 after purchasing an additional 16,711 shares during the last quarter. Providence Capital Advisors LLC bought a new stake in shares of Dell Technologies in the 3rd quarter worth approximately $7,060,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of Dell Technologies by 4.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 273,850 shares of the technology company's stock worth $40,990,000 after purchasing an additional 12,695 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: Bank of America raised its price target on DELL to $205 and kept a "buy" rating, citing Dell's positioning for enterprise AI and stronger CSG (client solutions group) momentum — a clear analyst endorsement that supports upside. BoFA Raises Price Target
• Positive Sentiment: Coverage and reporting highlight stronger commercial PC demand that lifted CSG revenues ~14% and reinforce Dell’s enterprise wins and AI-ready portfolio, underpinning near-term revenue growth. DELL Gains From Commercial PC Demand
• Positive Sentiment: Dell signed a deal with the Sharjah Digital Department to advance AI adoption in government operations — a concrete enterprise win that supports recurring infrastructure and services revenue. Sharjah Digital Department Deal
• Positive Sentiment: Momentum: media noted DELL hit an all-time share-price high recently, reflecting strong investor enthusiasm for its AI/server exposure and PC recovery. All-Time High Report
• Neutral Sentiment: Wolfe Research initiated coverage with a "peer perform" rating — a neutral/benchmarked view that provides less directional lift than a buy/sell call. Wolfe Research Coverage
• Neutral Sentiment: A Zacks feature reviewed Wall Street's bullish views on Dell as a buy thesis — useful context but not a single new catalyst. Zacks Analyst Roundup
• Negative Sentiment: Short-term pullback/volatility: after hitting highs and receiving upbeat price-target revisions, some investors appear to be taking profits; combined with below-average intraday volume, that likely pressured the share price today despite the positive fundamental headlines.

Wall Street Analyst Weigh In

Several analysts have weighed in on DELL shares. Weiss Ratings downgraded Dell Technologies from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Wednesday, April 1st. Wall Street Zen raised Dell Technologies from a "buy" rating to a "strong-buy" rating in a research note on Saturday, March 21st. Citigroup cut their target price on Dell Technologies from $165.00 to $160.00 and set a "buy" rating on the stock in a research note on Tuesday, February 17th. Mizuho lifted their target price on Dell Technologies from $180.00 to $215.00 and gave the company an "outperform" rating in a research note on Monday, April 6th. Finally, Bank of America lifted their target price on Dell Technologies from $172.00 to $205.00 and gave the company a "buy" rating in a research note on Wednesday. Sixteen analysts have rated the stock with a Buy rating, eight have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $170.47.

Dell Technologies Stock Performance

DELL opened at $178.05 on Friday. The stock's fifty day moving average is $145.71 and its 200-day moving average is $138.79. Dell Technologies Inc. has a one year low of $77.96 and a one year high of $189.75. The company has a market capitalization of $114.98 billion, a PE ratio of 20.42, a P/E/G ratio of 0.72 and a beta of 0.88.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.53 by $0.36. The firm had revenue of $33.38 billion for the quarter, compared to analyst estimates of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.Dell Technologies's revenue was up 39.5% compared to the same quarter last year. During the same period in the previous year, the company earned $2.68 earnings per share. 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. On average, equities research analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Tuesday, April 21st will be issued a dividend of $0.63 per share. The ex-dividend date of this dividend is Tuesday, April 21st. This is an increase from Dell Technologies's previous quarterly dividend of $0.53. This represents a $2.52 dividend on an annualized basis and a yield of 1.4%. Dell Technologies's dividend payout ratio is presently 24.08%.

Insider Transactions at Dell Technologies

In related news, insider William F. Scannell sold 143,067 shares of Dell Technologies stock in a transaction dated Monday, March 23rd. The stock was sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the transaction, the insider directly owned 21,779 shares of the company's stock, valued at $3,593,535. The trade was a 86.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 510,000 shares of Dell Technologies stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total value of $74,883,300.00. The disclosure for this sale is available in the SEC filing. Insiders sold 2,595,522 shares of company stock valued at $403,091,708 in the last three months. 42.00% of the stock is currently owned by insiders.

Dell Technologies 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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