Highland Capital Management LLC Cuts Position in Dell Technologies Inc. $DELL

Key Points

• Highland Capital cut its Dell stake by 70.8% in Q4, selling 11,913 shares and leaving 4,906 shares valued at about $618,000.
• Dell delivered a strong quarter (EPS $3.89 vs $3.53 est.; revenue $33.38B, +39.5% YoY), shares rallied ~10.6% and analysts including Mizuho raised targets (Mizuho to $260).
• Heavy insider selling recently: insiders sold 3,571,688 shares (~$576.65M) in the last three months — including the CFO and a 382,000‑share block — though insiders still own 42% and institutions own 76.37% of the stock.

Highland Capital Management LLC cut its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 70.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,906 shares of the technology company's stock after selling 11,913 shares during the quarter. Highland Capital Management LLC's holdings in Dell Technologies were worth $618,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Flagship Harbor Advisors LLC raised its position in shares of Dell Technologies by 1.3% during the 3rd quarter. Flagship Harbor Advisors LLC now owns 5,563 shares of the technology company's stock worth $789,000 after purchasing an additional 71 shares during the last quarter. Westside Investment Management Inc. lifted its holdings in Dell Technologies by 35.8% in the 3rd quarter. Westside Investment Management Inc. now owns 296 shares of the technology company's stock valued at $43,000 after purchasing an additional 78 shares in the last quarter. Pinnacle Associates Ltd. grew its holdings in shares of Dell Technologies by 0.4% during the third quarter. Pinnacle Associates Ltd. now owns 21,631 shares of the technology company's stock worth $3,067,000 after buying an additional 78 shares in the last quarter. Meeder Asset Management Inc. boosted its position in Dell Technologies by 33.7% during the third quarter. Meeder Asset Management Inc. now owns 325 shares of the technology company's stock worth $46,000 after acquiring an additional 82 shares during the last quarter. Finally, Ancora Advisors LLC raised its holdings in Dell Technologies by 18.6% in the 3rd quarter. Ancora Advisors LLC now owns 556 shares of the technology company's stock valued at $79,000 after acquiring an additional 87 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: TotalEnergies selected Dell (with NVIDIA) to build Pangea 5, a next‑generation AI supercomputer that will multiply TotalEnergies’ computing power roughly sixfold — a meaningful commercial win and reference account for Dell’s data‑center and AI infrastructure business. TotalEnergies Pens AI Supercomputer Deal With Nvidia & Dell
• Positive Sentiment: Mizuho raised its price target on DELL to $260 with an “outperform,” which provides analyst validation for upside and may attract momentum and institutional buying. Mizuho raises price target on Dell
• Positive Sentiment: Unusually large call‑option activity: traders bought ~52,342 DELL calls (≈ +18% vs. average), a short‑term bullish flow that can amplify upside as hedging and gamma demand push shares.
• Positive Sentiment: Dell expanded its regulated‑AI go‑to‑market by integrating Trust3’s governance into its storage/AI stack — strengthens enterprise sales pitch into healthcare, financial services and public sector customers. Dell Targets Regulated AI Growth With Trust3 Data Governance Integration
• Neutral Sentiment: Dell’s board approved redomestication from Delaware to Texas — a corporate‑governance/tax/legal move that could have long‑term cost/benefit implications but is unlikely to change near‑term fundamentals. Dell plans reincorporate Texas
• Neutral Sentiment: Jim Cramer and other media mentioned Dell among AI/data center winners, which can boost retail interest but is a sentiment driver rather than a fundamental change. Cramer's AI Winners List
• Negative Sentiment: Dell granted COO Clarke ~$132M in performance‑linked stock options — could create dilution or be viewed as a large compensation expense if targets are met; investors may weigh alignment vs. dilution risk. Dell Offers COO Clarke $132 Mn in Performance-Linked Stock Options
• Negative Sentiment: Reports of insider selling in April show executives trimming positions; mixed signals that some insiders are locking gains even as institutions buy. Leading Insider Sales: April Activity Ramps

Insiders Place Their Bets

In other news, CFO David Alan Kennedy sold 19,500 shares of the company's stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $182.53, for a total transaction of $3,559,335.00. Following the completion of the transaction, the chief financial officer directly owned 183,097 shares of the company's stock, valued at approximately $33,420,695.41. This represents a 9.63% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director V (Gp) L.L.C. Slta sold 382,000 shares of the firm's stock in a transaction dated Thursday, April 16th. The stock was sold at an average price of $176.81, for a total value of $67,541,420.00. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,571,688 shares of company stock worth $576,654,105. 42.00% of the stock is currently owned by insiders.

Dell Technologies Trading Up 10.6%

Shares of NYSE DELL opened at $239.19 on Thursday. Dell Technologies Inc. has a 12-month low of $92.88 and a 12-month high of $239.45. The stock has a market cap of $154.46 billion, a P/E ratio of 27.43, a PEG ratio of 0.88 and a beta of 0.99. The business's fifty day simple moving average is $173.41 and its 200-day simple moving average is $145.47.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share for the quarter, topping the consensus estimate of $3.53 by $0.36. The company had revenue of $33.38 billion for the quarter, compared to the consensus estimate of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.Dell Technologies's revenue was up 39.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $2.68 EPS. 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 analysts forecast that Dell Technologies Inc. will post 11.9 EPS for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Tuesday, April 21st were issued a dividend of $0.63 per share. This is a boost from Dell Technologies's previous quarterly dividend of $0.53. The ex-dividend date was Tuesday, April 21st. This represents a $2.52 annualized dividend and a yield of 1.1%. Dell Technologies's dividend payout ratio (DPR) is presently 28.90%.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of analyst reports. Wolfe Research initiated coverage on Dell Technologies in a research report on Thursday, April 9th. They set a "peer perform" rating on the stock. Weiss Ratings upgraded Dell Technologies from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, April 16th. Mizuho upped their price target on Dell Technologies from $215.00 to $260.00 and gave the company an "outperform" rating in a research note on Wednesday. Morgan Stanley raised their price objective on Dell Technologies from $101.00 to $110.00 and gave the stock an "underweight" rating in a research report on Tuesday, April 28th. Finally, Evercore lifted their price target on shares of Dell Technologies from $205.00 to $240.00 and gave the company an "outperform" rating in a research report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $186.84.

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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