Dell Technologies Inc. $DELL Shares Purchased by Apollon Wealth Management LLC

Key Points

• Apollon Wealth Management increased its Dell stake by 3.4% in the third quarter, bringing its holdings to 75,393 shares valued at approximately $40.6 million. Institutional investors collectively own 76.37% of Dell’s stock.
• Analyst sentiment remains favorable, with Dell receiving a “Moderate Buy” consensus rating and an average price target of $569.96; several firms recently raised their targets to between $600 and $650.
• Dell reported strong quarterly results, including $7.04 in adjusted EPS and $46.97 billion in revenue, while revenue grew 57.7% year over year. However, insiders sold roughly $990.3 million of stock over the past three months, and the company’s shares recently traded at $456.89.

Apollon Wealth Management LLC boosted its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 3.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 75,393 shares of the technology company's stock after purchasing an additional 2,456 shares during the period. Apollon Wealth Management LLC's holdings in Dell Technologies were worth $40,558,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Plato Investment Management Ltd acquired a new position in Dell Technologies during the 2nd quarter worth approximately $5,913,000. Kercheville Advisors LLC boosted its stake in Dell Technologies by 13.6% during the 3rd quarter. Kercheville Advisors LLC now owns 18,800 shares of the technology company's stock valued at $10,113,000 after acquiring an additional 2,250 shares during the last quarter. Gabelli Funds LLC raised its stake in shares of Dell Technologies by 49.0% in the 1st quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company's stock valued at $7,565,000 after purchasing an additional 15,150 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new stake in shares of Dell Technologies in the 1st quarter valued at about $5,930,000. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Dell Technologies by 71.8% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,166 shares of the technology company's stock worth $2,660,000 after purchasing an additional 2,576 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Ratings Changes

A number of equities analysts recently commented on DELL shares. Citigroup lifted their price target on Dell Technologies from $515.00 to $600.00 and gave the stock a "buy" rating in a research note on Wednesday, September 2nd. Sanford C. Bernstein upped their price objective on Dell Technologies from $500.00 to $650.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Truist Financial increased their target price on Dell Technologies from $360.00 to $505.00 and gave the stock a "hold" rating in a report on Wednesday, September 2nd. Royal Bank Of Canada initiated coverage on Dell Technologies in a research report on Thursday, September 10th. They issued an "outperform" rating and a $640.00 target price for the company. Finally, Susquehanna reiterated a "positive" rating on shares of Dell Technologies in a research report on Tuesday, September 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $569.96.

Dell Technologies News Summary

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

• Positive Sentiment: Dell’s reported $95 billion AI-server backlog and comparatively lower valuation were highlighted as advantages over Applied Digital, strengthening the investment case for Dell as AI infrastructure spending continues. DELL vs. APLD: Which AI-Infrastructure Stock Looks More Attractive?
• Positive Sentiment: Dell introduced new AI Factory hardware with NVIDIA, reinforcing its positioning as a supplier of complete AI computing systems and countering recent concerns about slowing enterprise demand. Dell Unveiled New AI Servers
• Positive Sentiment: Texas Athletics, Dell, Google Cloud and SHI International launched the Bevo Lab, an AI and analytics platform that expands Dell’s technology visibility in higher education and sports research. The deal is strategically positive but unlikely to materially affect near-term earnings. Texas Athletics and McCombs Launch Bevo Lab
• Neutral Sentiment: Dell rose alongside other AI-server stocks as the sector stabilized, although Hewlett Packard Enterprise outperformed Dell and Super Micro was little changed. The move suggests broader sector sentiment rather than a Dell-specific announcement. AI Server Peers Market Update
• Negative Sentiment: The previous session’s steep decline reflected profit-taking, technology-sector weakness and reported supply-chain concerns. Barclays’ recent downgrade, based partly on doubts about enterprise AI demand, continues to weigh on sentiment and may contribute to volatility. Dell Stock Drops in Tech Sell-Off

Insider Transactions at Dell Technologies

In other news, Director Lynn Vojvodich Radakovich sold 2,022 shares of the business's stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $565.28, for a total transaction of $1,142,996.16. Following the completion of the transaction, the director owned 25,267 shares of the company's stock, valued at approximately $14,282,929.76. The trade was a 7.41% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of the company's stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $582.30, for a total transaction of $14,845,156.20. Following the transaction, the director owned 22,686 shares of the company's stock, valued at $13,210,057.80. This represents a 52.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,817,628 shares of company stock valued at $990,253,476 over the last three months. 41.50% of the stock is currently owned by company insiders.

Dell Technologies Stock Up 0.1%

Shares of NYSE DELL opened at $456.89 on Monday. The firm's 50-day moving average price is $513.41 and its two-hundred day moving average price is $405.17. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $595.51. The stock has a market capitalization of $290.49 billion, a P/E ratio of 26.52, a P/E/G ratio of 0.47 and a beta of 1.37.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13. The company had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The business's revenue was up 57.7% compared to the same quarter last year. During the same period in the prior year, the company earned $1.70 earnings per share. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. As a group, equities research analysts expect that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be given a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.6%. Dell Technologies's dividend payout ratio (DPR) is currently 14.63%.

About Dell Technologies

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.

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