Handelsbanken Fonder AB Has $45.94 Million Stock Position in Dell Technologies Inc. $DELL

Key Points

• Handelsbanken Fonder reduced its Dell Technologies stake by 20% in the second quarter, selling 26,669 shares and retaining 106,467 shares valued at approximately $45.94 million. Institutional investors collectively own 76.37% of Dell.
• Dell continues to benefit from strong AI server demand, record backlog and expanded distribution, while its latest quarterly results exceeded expectations with $4.86 EPS and $43.84 billion in revenue, up 87.5% year over year.
• Analyst sentiment remains broadly positive, with a consensus “Moderate Buy” rating and a $492.43 price target, although valuation concerns, macroeconomic pressures and substantial insider selling create risks for investors.

Handelsbanken Fonder AB lessened its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 20.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 106,467 shares of the technology company's stock after selling 26,669 shares during the quarter. Handelsbanken Fonder AB's holdings in Dell Technologies were worth $45,936,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Brighton Jones LLC lifted its position in Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock valued at $347,000 after acquiring an additional 901 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Dell Technologies during the 2nd quarter worth about $328,000. Marshall Wace LLP bought a new position in Dell Technologies during the 2nd quarter worth about $809,000. Gamco Investors INC. ET AL raised its stake in shares of Dell Technologies by 30.2% in the 2nd quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company's stock valued at $819,000 after purchasing an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC lifted its holdings in shares of Dell Technologies by 147.2% in the second quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company's stock valued at $7,112,000 after purchasing an additional 34,538 shares in the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies News Roundup

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

• Positive Sentiment: Expanded distribution could improve sales reach. Dell expanded its partnership with D&H Distributing, which is now authorized to sell Dell’s full storage and server portfolio across the United States and Canada. The broader reseller network could increase access to Dell’s datacenter and infrastructure products, including AI-related systems. What Does Dell Technologies Full North America Distribution Reach Mean?
• Positive Sentiment: AI server demand remains the main growth catalyst. Recent coverage highlights Dell’s strong AI server demand, record backlog and ongoing server refresh cycle. Dell has also benefited from broader strength in AI server stocks, reinforcing expectations that data-center spending can support revenue growth. AI Server Stocks Advance
• Neutral Sentiment: Analysts disagree on valuation. One analysis argues Dell may be undervalued based on discounted-cash-flow and earnings-based estimates, while another says the stock is expensive at a premium multiple despite its growth outlook. This valuation debate may make investors more sensitive to interest rates, earnings execution and forward guidance. DELL Is Overvalued: Should You Still Buy the Stock?
• Negative Sentiment: Macro conditions pressured the stock. Technology and other growth sectors weakened as investors awaited inflation data that could influence interest-rate expectations. Higher oil prices and the resulting risk of persistent inflation also created a less favorable backdrop for high-multiple stocks.

Insider Activity

In related news, Director Spv-2 L.P. Sl sold 59,492 shares of the firm's stock in a transaction dated Thursday, July 9th. The shares were 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. This trade represents a 40.00% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of Dell Technologies stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $453.54, for a total value of $31,160,919.24. Following the transaction, the director owned 67,990 shares of the company's stock, valued at $30,836,184.60. The trade was a 50.26% decrease in their position. 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 in the last 90 days. 41.50% of the stock is owned by company insiders.

Analyst Ratings Changes

DELL has been the subject of several recent research reports. Citic Securities upped their price objective on Dell Technologies from $160.00 to $505.00 and gave the stock a "buy" rating in a research report on Monday, June 1st. William Blair started coverage on Dell Technologies in a research note on Monday, June 1st. They issued a "neutral" rating on the stock. Loop Capital upped their price target on Dell Technologies from $150.00 to $550.00 and gave the stock a "buy" rating in a research report on Friday, May 29th. Zacks Research raised shares of Dell Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 21st. Finally, Raymond James Financial lowered shares of Dell Technologies from an "outperform" rating to a "market perform" rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $492.43.

Dell Technologies Trading Down 3.8%

NYSE DELL opened at $440.54 on Wednesday. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $485.70. The stock has a 50 day moving average of $417.18 and a 200-day moving average of $265.98. The company has a market cap of $285.52 billion, a PE ratio of 34.99, a PEG ratio of 0.98 and a beta of 1.33.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping analysts' consensus estimates of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The business had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same period in the previous year, the company earned $1.55 earnings per share. The firm's revenue for the quarter was up 87.5% on a year-over-year basis. 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, sell-side analysts predict that Dell Technologies Inc. will post 17.77 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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

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.

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