Revere Asset Management Inc Makes New $5.52 Million Investment in Dell Technologies Inc. $DELL

Key Points

• Revere Asset Management acquired 12,804 Dell shares worth approximately $5.52 million, making Dell its ninth-largest holding and representing 2.1% of its portfolio. Institutional investors collectively own 76.37% of Dell.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $560.24. Dell also reported quarterly revenue of $46.97 billion and adjusted earnings of $7.04 per share, both above expectations.
• Dell shares fell 5.7% to $534.99 amid concerns over AI spending sustainability, valuation and insider selling. Insiders sold roughly $686.5 million of stock over the past three months, although strong AI-server demand and a large backlog continue to support the growth outlook.

Revere Asset Management Inc acquired a new position in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,804 shares of the technology company's stock, valued at approximately $5,524,000. Dell Technologies makes up 2.1% of Revere Asset Management Inc's portfolio, making the stock its 9th largest holding.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. California State Teachers Retirement System lifted its stake in shares of Dell Technologies by 41,141.5% during the second quarter. California State Teachers Retirement System now owns 198,605,353 shares of the technology company's stock worth $85,690,266,000 after purchasing an additional 198,123,786 shares in the last quarter. Norges Bank acquired a new stake in shares of Dell Technologies in the fourth quarter valued at about $607,349,000. Wellington Management Group LLP raised its holdings in shares of Dell Technologies by 140.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company's stock valued at $1,090,294,000 after buying an additional 1,474,347 shares during the period. Deutsche Bank AG lifted its position in Dell Technologies by 24.6% during the 4th quarter. Deutsche Bank AG now owns 5,517,070 shares of the technology company's stock worth $694,489,000 after acquiring an additional 1,090,336 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in Dell Technologies by 7.6% in the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company's stock worth $2,362,624,000 after acquiring an additional 1,011,101 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on DELL. Roth Capital started coverage on shares of Dell Technologies in a research note on Friday, May 29th. They set a "buy" rating on the stock. Barclays raised their price target on shares of Dell Technologies from $550.00 to $603.00 and gave the company an "overweight" rating in a report on Wednesday, September 2nd. Morgan Stanley lifted their price target on shares of Dell Technologies from $434.00 to $499.00 and gave the stock an "equal weight" rating in a research note on Wednesday, September 2nd. TD Cowen boosted their price objective on shares of Dell Technologies from $450.00 to $500.00 and gave the stock a "hold" rating in a report on Wednesday, September 2nd. Finally, Loop Capital raised their target price on Dell Technologies from $150.00 to $550.00 and gave the company a "buy" rating in a research note on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $560.24.

Dell Technologies News Roundup

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

• Positive Sentiment: Dell reported record AI-server orders of approximately $60.9 billion in its latest fiscal quarter and ended the period with a roughly $95 billion backlog, reinforcing expectations for continued AI infrastructure growth. Dell Booked More AI Server Orders in 3 Months Than It Recorded in Total Revenue
• Positive Sentiment: RBC initiated coverage with an Outperform rating, while other commentary remains bullish on Dell’s role as a major supplier of servers for agentic AI and data-center expansion. Why Dell Stock Climbed to a New All-Time High This Week
• Positive Sentiment: Analysts and technical indicators remain supportive, with projections calling for strong revenue and earnings growth and Barchart maintaining a Buy-oriented technical view. Dell Stock Is Up 331% Over the Past Year and Still Could Run Higher
• Positive Sentiment: Dell expanded its AI infrastructure efforts in Saudi Arabia through a collaboration with Salam focused on cloud infrastructure and edge-AI solutions, adding potential international growth opportunities. Salam and Dell Technologies Collaborate
• Neutral Sentiment: A consortium led by Michael Dell’s family office agreed to take Baldwin Insurance private for approximately $7.7 billion. The transaction involves a private investment vehicle rather than Dell Technologies, so it has limited direct impact on DELL’s fundamentals. Dell’s DFO Management and Sequence to Take Baldwin Private
• Negative Sentiment: DELL declined as investors reduced exposure to AI hardware stocks amid concerns about AI spending sustainability, AI-related risks and profit-taking following its record advance. Why Is Dell Technologies Stock Falling Monday?
• Negative Sentiment: A reported $29.5 million insider sale, along with separate director stock sales, added to concerns that company insiders may be taking advantage of the sharp rally. Dell Stock Falls as AI Spending Concerns and Insider Sale Weigh
• Negative Sentiment: Valuation and execution risks are becoming more important after the stock’s extraordinary run, particularly because AI-server demand is surging faster than Dell can build equipment and collect cash. Should You Buy Dell Technologies Stock for All That AI Revenue?

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 83,006 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value of $42,942,324.04. Following the sale, the director owned 73,185 shares in the company, valued at approximately $37,861,527.90. This trade represents a 53.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total value of $47,176,751.94. Following the transaction, the director owned 64,209 shares of the company's stock, valued at approximately $33,217,884.06. This represents a 58.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,412,945 shares of company stock valued at $686,463,063 over the last three months. 41.50% of the stock is currently owned by company insiders.

Dell Technologies Stock Down 5.7%

Shares of NYSE:DELL traded down $32.30 on Monday, reaching $534.99. 9,134,794 shares of the company's stock were exchanged, compared to its average volume of 8,384,696. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $567.75. The business's 50-day moving average is $451.44 and its two-hundred day moving average is $324.90. The firm has a market capitalization of $346.73 billion, a price-to-earnings ratio of 31.05, a PEG ratio of 0.59 and a beta of 1.34.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.91 by $2.13. The business had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The company's revenue for the quarter was up 57.7% compared to the same quarter last year. During the same quarter in the prior 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 predict that Dell Technologies Inc. will post 25.14 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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 issued 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 is Tuesday, October 20th. Dell Technologies's dividend payout ratio (DPR) is 14.63%.

Dell Technologies Profile

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, displays, peripherals and related accessories marketed primarily under the Dell brand.

The company also provides enterprise infrastructure solutions, including servers, storage systems, networking equipment, data protection, cybersecurity and cloud-related technologies. Dell Technologies supports organizations with consulting, deployment, managed and support services designed to help them operate data centers, hybrid cloud environments and modern workplace technology.

Michael Dell founded the company in 1984 and serves as its chairman and chief executive officer.

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