Public Employees Retirement System of Ohio Buys New Shares in Dell Technologies Inc. $DELL

Key Points

• Public Employees Retirement System of Ohio purchased 117,494 Dell shares worth approximately $50.7 million, while institutional investors collectively own 76.37% of the stock.
• Dell’s AI infrastructure business remains the primary growth catalyst, with analysts expecting continued strong earnings and a consensus “Moderate Buy” rating with a $485.24 price target.
• Despite strong recent results—revenue rose 87.5% year over year and EPS exceeded estimates—valuation, server-production capacity, margin pressure and substantial insider selling remain key risks.

Public Employees Retirement System of Ohio purchased a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 117,494 shares of the technology company's stock, valued at approximately $50,694,000.

Other institutional investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in Dell Technologies during the fourth quarter worth about $607,349,000. Wellington Management Group LLP grew its holdings in shares of Dell Technologies by 4,279.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company's stock worth $426,129,000 after purchasing an additional 2,937,137 shares during the period. Invesco Ltd. increased its position in Dell Technologies by 50.4% during the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company's stock worth $919,051,000 after purchasing an additional 2,445,854 shares in the last quarter. Michael & Susan Dell Foundation raised its holdings in Dell Technologies by 533.3% in the fourth quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company's stock valued at $337,652,000 after buying an additional 2,258,797 shares during the period. Finally, AQR Capital Management LLC lifted its position in Dell Technologies by 628.5% during the second quarter. AQR Capital Management LLC now owns 1,374,078 shares of the technology company's stock valued at $168,462,000 after buying an additional 1,185,454 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the firm's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $457.99, for a total transaction of $86,928,791.95. Following the completion of the transaction, the director owned 24,287 shares of the company's stock, valued at $11,123,203.13. This trade represents a 88.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Spv-2 L.P. Sl sold 175,901 shares of the business's stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $457.99, for a total transaction of $80,560,898.99. Following the completion of the sale, the director owned 36,659 shares in the company, valued at approximately $16,789,455.41. This trade represents a 82.75% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 3,436,780 shares of company stock worth $1,449,756,744. 41.50% of the stock is owned by insiders.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: AI infrastructure demand remains the main catalyst. Dell discussed scaling AI networking from 800G to 1.6T and highlighted the specialized requirements of AI data centers. The commentary supports the view that demand for AI servers, networking equipment and related infrastructure remains strong. Dell AI networking transcript
• Positive Sentiment: Investors expect another strong earnings performance. Analysts anticipate substantial year-over-year growth in revenue and earnings for the quarter ended July 2026. Optimism is reinforced by Dell’s previous quarterly results, when revenue and EPS exceeded consensus estimates by wide margins. Dell Q2 earnings expectations
• Positive Sentiment: AI-focused analysts remain constructive. Mizuho identified Dell as a preferred way to participate in the data-center buildout, while other commentary suggests the company could deliver a further “beat-and-raise” quarter. Some bullish projections see additional upside if AI-server growth continues. Mizuho AI stock picks
• Neutral Sentiment: September 1 earnings are the next major catalyst. Dell is scheduled to report fiscal second-quarter results after the market close, making guidance for AI-server demand, supply capacity and margins especially important. Dell earnings preview
• Negative Sentiment: Valuation and execution risks are becoming more prominent. Dell may not be able to build servers quickly enough to meet demand, while the incremental volume is relatively low margin. Consensus expectations already appear higher than management’s guidance, raising the risk of a disappointing outlook or limited upside after earnings. Dell server capacity and valuation analysis
• Negative Sentiment: Insider selling is a modest overhang. A Dell director sold approximately $886,000 of shares under a pre-arranged Rule 10b5-1 plan, though the transaction does not necessarily indicate weakening fundamentals. Dell SEC insider filing

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Weiss Ratings reissued a "buy (b)" rating on shares of Dell Technologies in a research report on Wednesday, August 12th. HSBC raised shares of Dell Technologies to a "buy" rating in a research report on Friday, May 29th. Raymond James Financial cut Dell Technologies from an "outperform" rating to a "market perform" rating in a research note on Friday, May 29th. Roth Capital began coverage on Dell Technologies in a research report on Friday, May 29th. They issued a "buy" rating for the company. Finally, TD Cowen increased their target price on Dell Technologies from $150.00 to $450.00 and gave the company a "hold" rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $485.24.

Dell Technologies Price Performance

Dell Technologies stock opened at $471.55 on Friday. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $514.00. The company has a market capitalization of $305.62 billion, a price-to-earnings ratio of 37.45, a price-to-earnings-growth ratio of 0.96 and a beta of 1.33. The firm's fifty day moving average price is $431.85 and its 200 day moving average price is $295.17.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping analysts' consensus estimates 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 period last year, the firm earned $1.55 earnings per share. The company's revenue for the quarter was up 87.5% compared to the same quarter last year. Analysts forecast that Dell Technologies Inc. will post 18.32 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were paid a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 21st. Dell Technologies's dividend payout ratio is currently 20.02%.

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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