Great Lakes Advisors LLC Invests $1.27 Million in Dell Technologies Inc. $DELL

Key Points

• Great Lakes Advisors acquired 2,955 Dell shares worth approximately $1.27 million in the second quarter, while institutional investors collectively own 76.37% of the company.
• Wall Street sentiment is broadly positive: Dell has a consensus “Moderate Buy” rating from 32 analysts and an average price target of $496.71, despite some concerns about valuation and volatility.
• Dell reported quarterly EPS of $4.86 versus expectations of $2.96, while revenue rose 87.5% year over year to $43.84 billion. Shares opened at $441.98, and insiders sold more than $1.4 billion of stock during the last quarter.

Great Lakes Advisors LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 2,955 shares of the technology company's stock, valued at approximately $1,275,000.

A number of other institutional investors also recently bought and sold shares of the stock. Commonwealth Retirement Investments LLC purchased a new stake in Dell Technologies in the fourth quarter worth about $25,000. Rossby Financial LCC lifted its position in shares of Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company's stock valued at $26,000 after buying an additional 184 shares in the last quarter. Navalign LLC purchased a new position in shares of Dell Technologies during the 4th quarter valued at about $29,000. Kemnay Advisory Services Inc. bought a new position in shares of Dell Technologies during the 4th quarter valued at approximately $29,000. Finally, WealthCollab LLC increased its holdings in Dell Technologies by 82.0% in the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company's stock worth $31,000 after acquiring an additional 114 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. CLSA upgraded shares of Dell Technologies to an "outperform" rating in a research note on Friday, May 29th. Sanford C. Bernstein increased their price target on Dell Technologies from $280.00 to $500.00 and gave the stock an "outperform" rating in a research note on Friday, May 29th. William Blair started coverage on Dell Technologies in a research report on Monday, June 1st. They issued a "neutral" rating on the stock. Guggenheim raised Dell Technologies to a "buy" rating in a research note on Monday, June 1st. Finally, Piper Sandler increased their target price on Dell Technologies from $167.00 to $497.00 and gave the stock an "overweight" rating in a research report on Friday, May 29th. One investment analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $496.71.

Dell Technologies Trading Up 1.7%

Shares of Dell Technologies stock opened at $441.98 on Friday. The firm has a market cap of $286.45 billion, a PE ratio of 35.11, a PEG ratio of 0.92 and a beta of 1.33. The stock has a 50 day moving average of $428.31 and a 200 day moving average of $284.54. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $514.00.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, topping 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%.The company's revenue was up 87.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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. As a group, equities research analysts forecast that Dell Technologies Inc. will post 18.17 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: Analyst coverage highlights Dell as a potential beneficiary of accelerating AI data-center investment beyond GPUs, including demand for servers, networking, storage, optics, power and cooling. The Zacks Analyst Blog Highlights Dell, Celestica, Lumentum and Vertiv
• Positive Sentiment: Dell is targeting AI-storage growth with an ObjectScale system offering up to 9.83 petabytes in a 2U configuration, potentially strengthening its position in enterprise AI infrastructure. Dell Targets AI Storage Growth With 9.83PB ObjectScale System
• Positive Sentiment: A memorandum of understanding with Emarat is intended to accelerate AI adoption and digital transformation, creating potential long-term enterprise demand for Dell’s technology and services. Emarat, Dell Technologies collaborate to accelerate AI-enabled transformation
• Positive Sentiment: Renewing Dell’s Team Liquid partnership could support Alienware’s gaming brand as it competes with HP and Corsair in premium PCs and peripherals. Can Team Liquid Partnership Strengthen DELL Against HPQ and CRSR?
• Neutral Sentiment: A covered-call strategy is being promoted as a way to generate substantial income from DELL shares, but it caps upside if the stock rises above the option strike and is not a change to Dell’s fundamentals. Own DELL Stock? Here Is How To Collect 21% a Year On It
• Negative Sentiment: An analyst downgraded Dell ahead of its second-quarter earnings preview, indicating concern that high expectations or valuation may limit further gains. I’m Downgrading Dell Ahead Of Q2 Earnings
• Negative Sentiment: Dell recently fell sharply even as the broader market advanced, highlighting elevated volatility and profit-taking risk after a major rally. Dell Technologies Stock Slides as Market Rises

Insider Buying and Selling at Dell Technologies

In other news, Director Spv-2 L.P. Sl sold 175,901 shares of the company's stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the sale, the director directly owned 36,659 shares in the company, valued at approximately $16,789,455.41. This represents a 82.75% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $457.99, for a total transaction of $86,928,791.95. Following the completion of the transaction, the director directly owned 24,287 shares of the company's stock, valued at approximately $11,123,203.13. The trade was a 88.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 3,434,758 shares of company stock valued at $1,448,870,683 in the last quarter. 41.50% of the stock is owned by company 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.

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.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source