Raiffeisen Bank International AG Reduces Position in Dell Technologies Inc. $DELL

Key Points

• Raiffeisen Bank International reduced its Dell Technologies position by 30.3% in the second quarter, selling 4,413 shares and retaining 10,148 shares valued at approximately $4.2 million. Institutional investors collectively own 76.37% of Dell’s stock.
• Dell’s AI-driven momentum remains strong: quarterly revenue rose 57.7% year over year to $46.97 billion, while adjusted earnings of $7.04 per share exceeded estimates by $2.13. Record AI-server orders and an approximately $95 billion backlog are supporting bullish analyst sentiment.
• Elevated expectations create execution risks. Dell shares recently traded near their 52-week high, while investors are monitoring margins, supply availability, cash-flow conversion and whether the company’s backlog can translate into profitable growth.

Raiffeisen Bank International AG lowered its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 30.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,148 shares of the technology company's stock after selling 4,413 shares during the period. Raiffeisen Bank International AG's holdings in Dell Technologies were worth $4,207,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC acquired a new position in shares of Dell Technologies during the 4th quarter worth about $25,000. Rossby Financial LCC raised its position in shares of Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company's stock worth $26,000 after acquiring an additional 184 shares in the last quarter. Navalign LLC purchased a new stake in Dell Technologies during the fourth quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new position in Dell Technologies in the fourth quarter valued at approximately $29,000. Finally, WealthCollab LLC increased its stake in Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company's stock valued at $31,000 after purchasing an additional 114 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

More Dell Technologies News

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

• Positive Sentiment: AI demand remains the primary catalyst. Dell reported record AI-server orders and a roughly $95 billion backlog, supporting expectations for sustained data-center growth. Broad enterprise IT-refresh demand is providing an additional tailwind. DELL Stock Hits 52-Week High: Does it Have More Room to Run?
• Positive Sentiment: The latest earnings beat reset expectations higher. Dell posted quarterly revenue of $46.97 billion, up 57.7% year over year and above the $44.89 billion consensus. Adjusted earnings of $7.04 per share exceeded estimates by $2.13, while management raised its fiscal outlook. Dell Technologies Raises the Bar Again as AI Demand Fuels Another Strong Quarter
• Positive Sentiment: Analyst support strengthened. Goldman Sachs increased its price target by $60, while JPMorgan raised its target to $635. Other firms, including UBS, Morgan Stanley and TD Cowen, also expressed constructive views, reinforcing bullish sentiment around Dell’s AI-server opportunity. Goldman Sachs resets Dell stock price target by $60
• Positive Sentiment: Dell is increasingly viewed as a potential major AI beneficiary because its growth is being supported by reported customer orders and revenue rather than expectations alone. Its performance has also helped validate the broader AI infrastructure trade. Bank of America sees upside in surging AI stock
• Neutral Sentiment: Valuation and execution are becoming more important. After a sharp 2026 rally and a move near its 52-week high, investors are debating whether the backlog can translate into profitable growth at current expectations.
• Negative Sentiment: Some commentary cautions that Dell’s margins, supply availability and ability to convert the backlog into cash flow could limit further upside. The stock’s substantial gains also increase the risk of profit-taking or consolidation if future results merely meet, rather than exceed, elevated expectations. Dell Just Jumped 16% and One Strategist Says That Is the Whole Tech Argument Right Now

Dell Technologies Stock Up 1.8%

Shares of DELL stock opened at $525.66 on Friday. The stock's 50-day moving average price is $439.28 and its 200 day moving average price is $308.94. The stock has a market capitalization of $340.69 billion, a PE ratio of 30.51, a price-to-earnings-growth ratio of 0.73 and a beta of 1.34. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $534.99.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, topping analysts' consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion during the quarter, compared to analysts' expectations of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%.The firm's revenue for the quarter was up 57.7% on a year-over-year basis. During the same period last year, the firm earned $1.70 EPS. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. Analysts expect that Dell Technologies Inc. will post 21.28 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Tuesday, October 20th. Dell Technologies's dividend payout ratio (DPR) is 14.63%.

Analyst Ratings Changes

A number of research firms recently commented on DELL. Bank of America increased their target price on shares of Dell Technologies from $505.00 to $600.00 and gave the company a "buy" rating in a research report on Monday. Citigroup upped their price objective on shares of Dell Technologies from $515.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday. HSBC raised Dell Technologies to a "buy" rating in a report on Friday, May 29th. JPMorgan Chase & Co. boosted their target price on Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a report on Wednesday. Finally, Roth Capital initiated coverage on Dell Technologies in a research report on Friday, May 29th. They issued a "buy" rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $553.79.

Insiders Place Their Bets

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 138,885 shares of the business's stock in a transaction on Monday, June 8th. The shares were sold at an average price of $398.13, for a total value of $55,294,285.05. Following the transaction, the director directly owned 8,585 shares of the company's stock, valued at approximately $3,417,946.05. The trade was a 94.18% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Spv-2 L.P. Sl sold 131,040 shares of the firm's stock in a transaction on Monday, June 8th. The stock was sold at an average price of $398.13, for a total transaction of $52,170,955.20. Following the completion of the sale, the director owned 12,619 shares of the company's stock, valued at $5,024,002.47. This trade represents a 91.22% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 1,527,629 shares of company stock worth $619,325,485. 41.50% of the stock is currently owned by insiders.

Dell Technologies 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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