HB Wealth Management LLC Boosts Stock Position in Dell Technologies Inc. $DELL

Key Points

• HB Wealth Management increased its Dell position by 35.6% in the second quarter, holding 16,725 shares worth approximately $7.2 million. Institutional investors and hedge funds collectively own 76.37% of Dell.
• Dell reported strong AI-driven results, with quarterly revenue rising 57.7% year over year to $46.97 billion and adjusted earnings of $7.04 per share, exceeding estimates. Record AI-server orders and a backlog of roughly $95 billion are supporting bullish analyst sentiment.
• Despite strong momentum, insider selling and valuation risks remain: insiders sold about 1.2 million shares worth $489.2 million over the past three months, while investors are watching whether Dell can convert its large backlog into profitable growth and cash flow.

HB Wealth Management LLC raised its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 35.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,725 shares of the technology company's stock after buying an additional 4,391 shares during the period. HB Wealth Management LLC's holdings in Dell Technologies were worth $7,216,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in DELL. Saudi Central Bank raised its position in shares of Dell Technologies by 80.1% during the 2nd quarter. Saudi Central Bank now owns 21,086 shares of the technology company's stock worth $9,098,000 after acquiring an additional 9,377 shares in the last quarter. Angeles Wealth Management LLC acquired a new position in Dell Technologies in the second quarter valued at approximately $546,000. Compass Financial Management LLC purchased a new position in Dell Technologies in the second quarter valued at approximately $1,855,000. AlphaGrep UK Ltd purchased a new position in Dell Technologies in the second quarter valued at approximately $887,000. Finally, Markowski Investments acquired a new stake in Dell Technologies during the second quarter worth approximately $209,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: AI demand remains the primary catalyst. Dell reported record AI-server orders and a roughly $95 billion backlog, supporting expectations for sustained data-center growth. Broad enterprise IT-refresh demand is providing an additional tailwind. DELL Stock Hits 52-Week High: Does it Have More Room to Run?
• Positive Sentiment: The latest earnings beat reset expectations higher. Dell posted quarterly revenue of $46.97 billion, up 57.7% year over year and above the $44.89 billion consensus. Adjusted earnings of $7.04 per share exceeded estimates by $2.13, while management raised its fiscal outlook. Dell Technologies Raises the Bar Again as AI Demand Fuels Another Strong Quarter
• Positive Sentiment: Analyst support strengthened. Goldman Sachs increased its price target by $60, while JPMorgan raised its target to $635. Other firms, including UBS, Morgan Stanley and TD Cowen, also expressed constructive views, reinforcing bullish sentiment around Dell’s AI-server opportunity. Goldman Sachs resets Dell stock price target by $60
• Positive Sentiment: Dell is increasingly viewed as a potential major AI beneficiary because its growth is being supported by reported customer orders and revenue rather than expectations alone. Its performance has also helped validate the broader AI infrastructure trade. Bank of America sees upside in surging AI stock
• Neutral Sentiment: Valuation and execution are becoming more important. After a sharp 2026 rally and a move near its 52-week high, investors are debating whether the backlog can translate into profitable growth at current expectations.
• Negative Sentiment: Some commentary cautions that Dell’s margins, supply availability and ability to convert the backlog into cash flow could limit further upside. The stock’s substantial gains also increase the risk of profit-taking or consolidation if future results merely meet, rather than exceed, elevated expectations. Dell Just Jumped 16% and One Strategist Says That Is the Whole Tech Argument Right Now

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 72,854 shares of the stock in a transaction that occurred on Wednesday, July 8th. The stock was sold at an average price of $427.15, for a total transaction of $31,119,586.10. Following the completion of the sale, the director directly owned 46,192 shares of the company's stock, valued at approximately $19,730,912.80. This trade represents a 61.20% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Spv-2 L.P. Sl sold 63,204 shares of Dell Technologies stock in a transaction that occurred on Monday, July 6th. The shares were sold at an average price of $410.52, for a total value of $25,946,506.08. Following the completion of the transaction, the director owned 30,167 shares in the company, valued at $12,384,156.84. This trade represents a 67.69% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 1,200,778 shares of company stock worth $489,196,297. Corporate insiders own 41.50% of the company's stock.

Dell Technologies Price Performance

Shares of Dell Technologies stock opened at $525.66 on Monday. The firm's fifty day simple moving average is $439.28 and its 200-day simple moving average is $310.29. The stock has a market capitalization of $340.69 billion, a price-to-earnings ratio of 30.51, a PEG ratio of 0.54 and a beta of 1.34. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $534.99.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, topping analysts' consensus estimates of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The firm had revenue of $46.97 billion during the quarter, compared to analysts' expectations of $44.89 billion. During the same quarter in the prior year, the business earned $1.70 EPS. Dell Technologies's quarterly revenue was up 57.7% compared to the same quarter last year. 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. Analysts anticipate that Dell Technologies Inc. will post 25.14 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be paid a dividend of $0.63 per share. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.5%. Dell Technologies's dividend payout ratio is 14.63%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Cowen upped their target price on shares of Dell Technologies from $450.00 to $500.00 and gave the company a "hold" rating in a report on Wednesday, September 2nd. Argus lifted their price target on shares of Dell Technologies from $200.00 to $460.00 and gave the stock a "buy" rating in a research note on Friday, May 29th. Piper Sandler reissued an "overweight" rating and issued a $558.00 price target (up from $497.00) on shares of Dell Technologies in a research report on Wednesday. Citigroup upped their price objective on shares of Dell Technologies from $515.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday. Finally, Weiss Ratings reaffirmed a "buy (b)" rating on shares of Dell Technologies in a report on Wednesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $553.79.

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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