KBC Group NV Reduces Holdings in Dell Technologies Inc. $DELL

Key Points

• KBC Group NV reduced its Dell stake by 13.6% in Q4, selling 51,523 shares and ending the quarter with 328,121 shares valued at about $41.3 million, per its 13F filing.
• Wall Street sentiment is broadly positive with a consensus rating of Moderate Buy (16 Buys, 8 Holds, 1 Sell) and an average price target of $175.74, while major banks like Goldman Sachs and JPMorgan recently raised targets to $215 and $205 respectively.
• Dell beat quarterly expectations—EPS $3.89 vs. $3.53 and revenue $33.38B (up 39.5% YoY)—announced a higher quarterly dividend of $0.63, and is trading near its 12‑month high with a market cap around $124.7 billion.

KBC Group NV reduced its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 13.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 328,121 shares of the technology company's stock after selling 51,523 shares during the quarter. KBC Group NV's holdings in Dell Technologies were worth $41,303,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in DELL. WealthCollab LLC increased its holdings in Dell Technologies by 82.0% during the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company's stock valued at $31,000 after acquiring an additional 114 shares in the last quarter. State of Wyoming purchased a new position in Dell Technologies during the 2nd quarter valued at about $33,000. Red Tortoise LLC purchased a new position in Dell Technologies during the 3rd quarter valued at about $36,000. Caldwell Trust Co purchased a new position in Dell Technologies during the 2nd quarter valued at about $42,000. Finally, J.Safra Asset Management Corp purchased a new position in Dell Technologies during the 3rd quarter valued at about $43,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

DELL has been the subject of several recent research reports. Wolfe Research initiated coverage on shares of Dell Technologies in a report on Thursday, April 9th. They set a "peer perform" rating for the company. Piper Sandler dropped their target price on shares of Dell Technologies from $172.00 to $167.00 and set an "overweight" rating for the company in a report on Friday, February 27th. Morgan Stanley lifted their price target on shares of Dell Technologies from $101.00 to $110.00 and gave the stock an "underweight" rating in a report on Friday, February 27th. The Goldman Sachs Group lifted their price target on shares of Dell Technologies from $195.00 to $215.00 and gave the stock a "buy" rating in a report on Thursday. Finally, Citigroup lowered their price target on shares of Dell Technologies from $165.00 to $160.00 and set a "buy" rating for the company in a report on Tuesday, February 17th. Sixteen equities research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $175.74.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $193.11 on Friday. The company has a 50-day simple moving average of $151.14 and a 200-day simple moving average of $140.26. Dell Technologies Inc. has a 12 month low of $80.74 and a 12 month high of $193.80. The company has a market cap of $124.70 billion, a PE ratio of 22.15, a price-to-earnings-growth ratio of 0.72 and a beta of 0.88.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.53 by $0.36. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The business had revenue of $33.38 billion for the quarter, compared to analysts' expectations of $31.60 billion. During the same period last year, the company earned $2.68 earnings per share. The company's quarterly revenue was up 39.5% on a year-over-year basis. 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, analysts anticipate that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 1st. Investors of record on Tuesday, April 21st will be given a $0.63 dividend. This is a boost from Dell Technologies's previous quarterly dividend of $0.53. This represents a $2.52 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, April 21st. Dell Technologies's dividend payout ratio is 24.08%.

Insiders Place Their Bets

In related news, insider William F. Scannell sold 143,067 shares of the firm's stock in a transaction that occurred on Monday, March 23rd. The shares were sold at an average price of $165.00, for a total value of $23,606,055.00. Following the sale, the insider directly owned 21,779 shares of the company's stock, valued at approximately $3,593,535. This trade represents a 86.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Richard Troy Sharp sold 1,538 shares of the firm's stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $149.26, for a total transaction of $229,561.88. Following the completion of the sale, the chief accounting officer directly owned 8,030 shares in the company, valued at $1,198,557.80. This represents a 16.07% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 2,615,022 shares of company stock valued at $406,651,043. 42.00% of the stock is currently owned by corporate insiders.

Dell Technologies News Summary

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

• Positive Sentiment: Goldman Sachs raised its price target to $215 and kept a Buy rating, reinforcing the investment case that Dell is an AI/server leader and supporting upward momentum. Goldman Sachs Raises Dell Price Target to $215
• Positive Sentiment: JPMorgan upgraded/raised its price target to $205 and put an Overweight rating on DELL — another major analyst endorsement that likely pulled in buyers. JPMorgan raises Dell price target to $205 (Benzinga)
• Positive Sentiment: Media coverage noted Dell hitting an all-time high and Goldman seeing further upside after a strong rally this year — attention like this attracts momentum trading and new inflows. Dell stock hits all-time high – Goldman Sachs sees further growth
• Positive Sentiment: CEO Michael Dell publicly opposed a proposed AI data-center moratorium, signaling management support for continued AI infrastructure buildouts — bullish for server/storage demand. Michael Dell on proposed data center moratorium: 'That's not a great idea'
• Positive Sentiment: Dell is named in a new Intel–Nokia 5G edge collaboration (compact UPF appliance), which highlights Dell’s role in edge/telecom infrastructure opportunities. Intel Joins Nokia & Dell in 5G Edge Innovation
• Positive Sentiment: Unusually large call-option activity (well above average) signals speculative bullish positioning by traders ahead of further catalysts. (No link)
• Neutral Sentiment: Analyst pieces arguing Dell is a "value multiple on an AI growth business" provide longer-term rationale but are less immediate catalysts than price-target changes. Dell: A Value Stock Multiple On An AI Growth Business
• Neutral Sentiment: Benzinga/press-roundups summarizing analyst forecasts and bullish notes amplify visibility but largely echo the same bullish signals that moved the tape. What's Behind The Jump In Dell Technologies Stock?
• Negative Sentiment: At least one Seeking Alpha piece downgraded the tone on Dell (“You Are Already Late To The Party”), warning the rally could be near-term priced-in — a caution for momentum traders. Dell: You Are Already Late To The Party (Downgrade)
• Negative Sentiment: Competitors (e.g., SMCI) are launching compact, cost-efficient edge AI systems — increased competition in some segments could pressure margins or pricing over time. SMCI Launches Compact and Cost-Efficient Edge AI System

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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