Procyon Advisors LLC Purchases 5,797 Shares of Dell Technologies Inc. $DELL

Key Points

• Procyon Advisors LLC increased its Dell Technologies stake by 35.9% in the first quarter, buying 5,797 additional shares and bringing its total holding to 21,951 shares worth about $3.6 million.
• Dell reported strong quarterly results, with EPS of $4.86 versus estimates of $2.96 and revenue of $43.84 billion, well above consensus; revenue jumped 87.5% year over year.
• The company also announced a quarterly dividend of $0.63 per share payable July 31, while analysts remain generally positive with a consensus rating of Moderate Buy and an average price target of $492.76.

Procyon Advisors LLC boosted its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 35.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,951 shares of the technology company's stock after buying an additional 5,797 shares during the quarter. Procyon Advisors LLC's holdings in Dell Technologies were worth $3,603,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of DELL. Brighton Jones LLC lifted its position in shares of Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company's stock worth $347,000 after purchasing an additional 901 shares in the last quarter. Sivia Capital Partners LLC bought a new position in Dell Technologies in the second quarter valued at $328,000. Marshall Wace LLP acquired a new stake in Dell Technologies in the 2nd quarter valued at $809,000. Gamco Investors INC. ET AL lifted its position in Dell Technologies by 30.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company's stock worth $819,000 after buying an additional 1,550 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Dell Technologies by 147.2% during the 2nd quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company's stock worth $7,112,000 after buying an additional 34,538 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Dell Technologies Trading Down 1.8%

DELL stock opened at $427.24 on Tuesday. The firm has a market capitalization of $276.90 billion, a PE ratio of 33.93, a PEG ratio of 0.93 and a beta of 1.31. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $469.47. The business's 50 day simple moving average is $358.44 and its 200 day simple moving average is $221.33.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The business had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $35.74 billion. During the same quarter last year, the firm posted $1.55 EPS. The company's quarterly revenue 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 17.74 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Tuesday, July 21st. Dell Technologies's dividend payout ratio (DPR) is currently 20.02%.

Key Dell Technologies News

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

• Positive Sentiment: Several articles highlight Dell’s strong AI infrastructure momentum, with commentary saying the company is “winning the AI infrastructure race” thanks to surging demand for AI-optimized servers. Dell Is Winning the AI Infrastructure Race. Here’s What Comes Next After a 250% YTD Rally.
• Positive Sentiment: Another update said PC shipments fell in Q2, but Dell’s AI infrastructure business continues to exceed expectations, which could help offset weakness in its legacy PC segment. PC Shipments Fell in Q2, but AI Optimism Is Set to Keep Growing and Push DELL Stock Higher
• Positive Sentiment: Analyst coverage also remains constructive, with one note citing Dell’s strong interest coverage and solid growth prospects despite higher borrowing costs. DELL & 3 More Stocks With Strong Interest Coverage to Buy Now
• Neutral Sentiment: Some market commentary focused on Dell’s huge year-to-date run and where the stock could go next, suggesting traders are still debating valuation after a steep rally. Missed DELL’s 248% Run? IGPT Quietly Turned $10K Into $16,600
• Negative Sentiment: Three Dell directors tied to Silver Lake sold large blocks of stock at $453.54 per share, which may raise concerns about insider confidence and helped add to the downside pressure. SEC filing for Silver Lake Partners Iv, L.P. sale
• Negative Sentiment: Another report noted Dell closed lower and underperformed the broader market, reinforcing that investors are taking profits after the recent run-up. Dell Technologies Registers a Bigger Fall Than the Market

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 16,679 shares of the firm's stock in a transaction that occurred on Friday, June 26th. The shares were sold at an average price of $396.37, for a total transaction of $6,611,055.23. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Spv-2 L.P. Sl sold 59,492 shares of the company's stock in a transaction that occurred on 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 transaction, the director directly owned 89,222 shares in the company, valued at $40,465,745.88. The trade was a 40.00% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 4,391,424 shares of company stock worth $1,618,873,745. 41.50% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. William Blair assumed coverage on Dell Technologies in a research report on Monday, June 1st. They issued a "neutral" rating on the stock. Weiss Ratings raised Dell Technologies from a "buy (b-)" rating to a "buy (b)" rating in a research report on Friday, May 15th. Susquehanna set a $289.00 price target on Dell Technologies and gave the company a "neutral" rating in a research note on Friday, May 29th. Jefferies Financial Group cut Dell Technologies to a "hold" rating in a research note on Monday, June 1st. Finally, Wolfe Research downgraded Dell Technologies from a "peer perform" rating to a "peer perform" rating in a report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $492.76.

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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