Kestra Investment Management LLC Takes $528,000 Position in Dell Technologies Inc. $DELL

Key Points

• Kestra Investment Management initiated a new position in Dell Technologies during the fourth quarter, buying 4,192 shares worth about $528,000.
• Dell’s stock has surged, recently trading near its 52-week high of $312.14, and the company now has a market value of about $197 billion.
• Fundamentals and sentiment remain strong: Dell recently beat quarterly earnings and revenue expectations, while analysts have been raising price targets and maintaining mostly Buy ratings.

Kestra Investment Management LLC purchased a new stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 4,192 shares of the technology company's stock, valued at approximately $528,000.

Several other large investors have also recently bought and sold shares of the business. Flagship Harbor Advisors LLC boosted its position in 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 acquiring an additional 71 shares during the period. Westside Investment Management Inc. increased its holdings in shares of 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 during the period. Pinnacle Associates Ltd. increased its holdings in shares of Dell Technologies by 0.4% in the 3rd quarter. Pinnacle Associates Ltd. now owns 21,631 shares of the technology company's stock valued at $3,067,000 after purchasing an additional 78 shares during the period. Lindenwold Advisors INC lifted its position in shares of Dell Technologies by 1.0% in the third quarter. Lindenwold Advisors INC now owns 9,185 shares of the technology company's stock worth $1,302,000 after purchasing an additional 87 shares in the last quarter. Finally, Ancora Advisors LLC boosted its holdings in shares of Dell Technologies by 18.6% during the third quarter. Ancora Advisors LLC now owns 556 shares of the technology company's stock worth $79,000 after purchasing an additional 87 shares during the period. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Price Performance

Shares of DELL opened at $305.11 on Thursday. The company has a market capitalization of $197.02 billion, a PE ratio of 34.99, a price-to-earnings-growth ratio of 1.12 and a beta of 0.99. Dell Technologies Inc. has a one year low of $106.38 and a one year high of $312.14. The company's fifty day moving average price is $208.08 and its 200 day moving average price is $156.33.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.53 by $0.36. The company had revenue of $33.38 billion during the quarter, compared to analysts' expectations of $31.60 billion. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The business's quarterly revenue was up 39.5% compared to the same quarter last year. During the same period in the prior year, the company earned $2.68 earnings per share. Analysts anticipate that Dell Technologies Inc. will post 12.21 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on DELL shares. Evercore upped their price objective on shares of Dell Technologies from $240.00 to $270.00 and gave the company an "outperform" rating in a research note on Tuesday, May 19th. Bank of America lifted their target price on shares of Dell Technologies from $246.00 to $280.00 and gave the company a "buy" rating in a research note on Monday, May 18th. Sanford C. Bernstein reaffirmed an "outperform" rating and issued a $280.00 price target on shares of Dell Technologies in a research note on Wednesday, May 20th. Morgan Stanley upgraded Dell Technologies from an "underweight" rating to a "buy" rating in a report on Friday, May 22nd. Finally, Daiwa Securities Group lifted their price objective on Dell Technologies from $150.00 to $170.00 and gave the company an "outperform" rating in a research report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, seventeen have issued a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $211.32.

Dell Technologies News Summary

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

• Positive Sentiment: Dell won a roughly $9.7 billion Pentagon deal to consolidate and manage Microsoft software licenses for the U.S. Department of Defense, a headline that signals a large, high-profile revenue opportunity and is helping drive the stock higher. CNBC article on Dell Pentagon software deal
• Positive Sentiment: Investor enthusiasm is also being fueled by expectations that Dell’s fiscal first-quarter results will show strong AI-server demand, with analysts pointing to robust infrastructure solutions growth and potentially very large AI server revenue contributions. Zacks article on Dell AI server earnings preview
• Positive Sentiment: Momentum in Dell shares has been reinforced by a broader AI hardware rally and recent product/infrastructure announcements, including a $1.6 billion deal for Dell systems tied to IREN’s Nvidia Blackwell deployment, which underscores demand for Dell’s AI-ready hardware. Yahoo Finance article on IREN and Dell Blackwell deal
• Neutral Sentiment: Several previews and commentary pieces note that Dell’s stock has already had a huge run-up, so the upcoming earnings report is now a key test of whether AI demand can justify the valuation and sustain the recent rally. Benzinga earnings preview
• Negative Sentiment: There is still some risk that PC competition and broader macro pressure could weigh on margins, especially if the company’s earnings or guidance do not match the elevated expectations built into the stock. Zacks earnings article

Insider Activity

In other news, Director V (Gp) L.L.C. Slta sold 382,000 shares of the company's stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $176.81, for a total transaction of $67,541,420.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO David Alan Kennedy sold 19,500 shares of the stock in a transaction that occurred on Thursday, April 9th. The shares were sold at an average price of $182.53, for a total value of $3,559,335.00. Following the completion of the sale, the chief financial officer directly owned 183,097 shares of the company's stock, valued at $33,420,695.41. This represents a 9.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 3,571,688 shares of company stock worth $576,654,105 over the last 90 days. Company insiders own 41.50% of the company's stock.

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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