Dell Technologies Inc. $DELL Shares Bought by PNC Financial Services Group Inc.

Key Points

• PNC Financial Services Group increased its stake in Dell Technologies by 15.3% in the fourth quarter, ending with 89,757 shares valued at about $11.3 million.
• Dell continues to draw bullish attention from analysts and investors ahead of earnings, with expectations for a beat, higher price targets, and strong momentum tied to AI demand and server backlog growth.
• The stock has surged to a fresh record high near $298, supported by strong recent earnings results and a dividend increase to $0.63 per share quarterly.

PNC Financial Services Group Inc. grew its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 89,757 shares of the technology company's stock after purchasing an additional 11,908 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Dell Technologies were worth $11,299,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Navalign LLC acquired a new position in Dell Technologies during the fourth quarter worth approximately $29,000. WealthCollab LLC increased its position in 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 buying an additional 114 shares during the period. iA Global Asset Management Inc. acquired a new position in Dell Technologies during the fourth quarter worth approximately $32,000. State of Wyoming acquired a new position in Dell Technologies during the second quarter worth approximately $33,000. Finally, Westside Investment Management Inc. increased its position in Dell Technologies by 35.8% during the third quarter. Westside Investment Management Inc. now owns 296 shares of the technology company's stock worth $43,000 after buying an additional 78 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Key Dell Technologies News

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

• Positive Sentiment: Analysts expect Dell to beat fiscal first-quarter estimates, with upbeat revisions and higher price targets adding to the stock’s rally ahead of earnings on May 28. Dell stock rallies as analysts show love ahead of Q1 earnings
• Positive Sentiment: AI demand remains a major catalyst, with Dell’s server backlog and revenue targets pointing to strong growth in enterprise and hyperscale AI infrastructure. Dell's AI Data Center Expansion Gains Pace: What Lies Ahead?
• Positive Sentiment: The shares hit a fresh record and 52-week high as investors continue to re-rate Dell higher on the strength of its AI story ahead of earnings. Dell Stock Surges to Fresh Record Ahead of Earnings Next Week
• Positive Sentiment: Heavy call-option activity suggests traders are positioning for more upside into the earnings report. Dell Technologies Stock Hits 52-Week High - Here's Why
• Neutral Sentiment: Dell also announced that an Infrastructure Solutions Group executive will present at a June investor conference, keeping the company in focus with investors but not changing near-term fundamentals. Dell Technologies to Present at Investor Conference in June
• Neutral Sentiment: Most of the recent coverage is centered on upcoming earnings and AI momentum, so the stock’s move is still largely driven by expectations rather than confirmed results. Dell Stock Leads the S&P 500 Today. Next Week's Earnings Could Send It Higher.

Dell Technologies Price Performance

Dell Technologies stock opened at $294.97 on Friday. Dell Technologies Inc. has a 1-year low of $106.38 and a 1-year high of $298.32. The company has a market cap of $190.48 billion, a PE ratio of 33.83, a price-to-earnings-growth ratio of 1.11 and a beta of 0.99. The stock's 50 day moving average price is $199.13 and its 200 day moving average price is $153.21.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share for the quarter, beating analysts' consensus estimates of $3.53 by $0.36. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The firm had revenue of $33.38 billion for the quarter, compared to the consensus estimate of $31.60 billion. During the same period in the previous 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. On average, equities research analysts anticipate that Dell Technologies Inc. will post 11.87 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Tuesday, April 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.9%. This is a boost from Dell Technologies's previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, April 21st. Dell Technologies's dividend payout ratio (DPR) is presently 28.90%.

Analyst Ratings Changes

DELL has been the topic of several research analyst reports. Wall Street Zen lowered Dell Technologies from a "strong-buy" rating to a "buy" rating in a research report on Saturday, May 16th. Piper Sandler cut their price target on Dell Technologies from $172.00 to $167.00 and set an "overweight" rating on the stock in a research report on Friday, February 27th. Mizuho lifted their price target on Dell Technologies from $215.00 to $260.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 6th. Morgan Stanley raised Dell Technologies from an "underweight" rating to a "buy" rating in a research report on Friday. Finally, Daiwa Securities Group lifted their price target on Dell Technologies from $150.00 to $170.00 and gave the stock an "outperform" rating in a research report on Friday, March 6th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $211.32.

Insider Transactions at Dell Technologies

In related news, insider William F. Scannell sold 143,067 shares of Dell Technologies stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $165.00, for a total value of $23,606,055.00. Following the sale, the insider directly owned 21,779 shares in the company, valued at $3,593,535. The trade was a 86.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, COO Jeffrey W. Clarke sold 116,000 shares of Dell Technologies stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $182.48, for a total value of $21,167,680.00. Following the completion of the sale, the chief operating officer owned 1,687,414 shares in the company, valued at approximately $307,919,306.72. This trade represents a 6.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 3,571,688 shares of company stock valued at $576,654,105. 42.00% of the stock is owned by company insiders.

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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