US Bancorp DE Buys 65,503 Shares of Dell Technologies Inc. $DELL

Key Points

• US Bancorp DE boosted its Dell stake by 174.7%, buying 65,503 shares to hold 103,000 shares valued at about $12.97 million at quarter-end.
• Dell reported a strong quarter—EPS $3.89 vs. $3.53 expected and revenue of $33.38 billion vs. $31.60 billion—and analysts have raised price targets (consensus "Moderate Buy," target $184.47, with some street highs up to $240) amid AI/server demand optimism.
• Despite 76.37% institutional ownership, insiders have sold roughly 3.57 million shares (~$576.7M) in the last 90 days; the company also raised its quarterly dividend to $0.63 (annualized $2.52, yield ~1.2%).

US Bancorp DE boosted its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 174.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 103,000 shares of the technology company's stock after buying an additional 65,503 shares during the quarter. US Bancorp DE's holdings in Dell Technologies were worth $12,966,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of DELL. WealthCollab LLC lifted its holdings in shares of Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company's stock worth $31,000 after acquiring an additional 114 shares during the last quarter. State of Wyoming bought a new position in shares of Dell Technologies in the second quarter worth about $33,000. Red Tortoise LLC bought a new position in shares of Dell Technologies in the third quarter worth about $36,000. J.Safra Asset Management Corp bought a new position in shares of Dell Technologies in the third quarter worth about $43,000. Finally, Westside Investment Management Inc. lifted its holdings in shares of Dell Technologies by 35.8% in the third quarter. Westside Investment Management Inc. now owns 296 shares of the technology company's stock worth $43,000 after acquiring an additional 78 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Mizuho increased their target price on shares of Dell Technologies from $180.00 to $215.00 and gave the stock an "outperform" rating in a report on Monday, April 6th. Evercore lifted their price target on Dell Technologies from $205.00 to $240.00 and gave the company an "outperform" rating in a research note on Wednesday, April 22nd. Zacks Research raised Dell Technologies from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, April 21st. Raymond James Financial lifted their price target on Dell Technologies from $166.00 to $182.00 and gave the company an "outperform" rating in a research note on Friday, February 27th. Finally, Morgan Stanley lifted their price target on Dell Technologies from $101.00 to $110.00 and gave the company an "underweight" rating in a research note on Tuesday, April 28th. One research analyst has rated the stock with a Strong Buy rating, seventeen have given a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $184.47.

Dell Technologies News Roundup

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

• Positive Sentiment: Dell led AI-server peers in April, gaining the most of the group as investors reward exposure to agentic/AI server demand — a direct driver of revenue and margin outlook. Dell, Super Micro, or HPE: Which AI Server Stock Crushed It in April?
• Positive Sentiment: Goldman Sachs raised its price target on DELL to $230 (from $215), signaling stronger analyst conviction and providing fresh catalyst for buy-side flows. Goldman Sachs Lifts Dell Technologies Price Target to $230 From $215
• Positive Sentiment: Trust3 AI expanded a strategic partnership with Dell to deliver a secure, governed AI-ready data lakehouse — a commercial tie-up that supports pipeline growth for Dell’s data center and software offerings. Trust3 AI and Dell Technologies Partner to Deliver Secure, Governed AI-Ready Data Lakehouse Infrastructure
• Positive Sentiment: Portfolio managers and commentators are highlighting Dell as a “downstream winner” from the latest AI cycle, reinforcing the idea that non-chip hardware and systems companies can capture durable demand. The downstream winners of the AI trade's latest phase
• Positive Sentiment: Street commentary noted a new street-high price target on Dell as analysts bet agentic AI will sustain momentum into 2027, which can support multiple expansion. Dell Stock Just Got a New Street-High Price Target. Should You Buy Shares Here?
• Neutral Sentiment: Short-term market coverage notes DELL outpaced the broader market on recent sessions (momentum ahead of earnings), but trading volume remains below average — highlighting possible concentration of gains in sentiment-driven flows. Why Dell Technologies (DELL) Outpaced the Stock Market Today
• Neutral Sentiment: Peer upgrades (e.g., Bank of America lifting HPE) underline sector-wide bullishness on the next AI phase; positive for sentiment but increases competitive visibility for Dell. Bank of America Lifts Hewlett Packard Enterprise (HPE) Target

Dell Technologies Trading Up 0.6%

Shares of DELL stock opened at $210.23 on Friday. The business's 50-day moving average price is $169.13 and its 200-day moving average price is $144.44. The firm has a market capitalization of $135.76 billion, a price-to-earnings ratio of 24.11, a PEG ratio of 0.85 and a beta of 0.99. Dell Technologies Inc. has a 12 month low of $92.53 and a 12 month high of $221.50.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings data on Thursday, February 26th. The technology company reported $3.89 EPS for the quarter, topping analysts' consensus estimates of $3.53 by $0.36. The company had revenue of $33.38 billion for the quarter, compared to analyst estimates of $31.60 billion. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The firm's quarterly revenue was up 39.5% on a year-over-year basis. During the same period in the previous year, the firm earned $2.68 earnings per share. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. On average, sell-side analysts predict that Dell Technologies Inc. will post 11.9 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Investors of record on Tuesday, April 21st were paid a $0.63 dividend. This is an increase from Dell Technologies's previous quarterly dividend of $0.53. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Tuesday, April 21st. Dell Technologies's payout ratio is presently 28.90%.

Insider Buying and Selling

In other Dell Technologies news, Director Ellen Jamison Kullman sold 150,346 shares of Dell Technologies stock in a transaction that occurred on Friday, March 6th. The stock was sold at an average price of $145.13, for a total value of $21,819,714.98. Following the completion of the sale, the director directly owned 65,662 shares in the company, valued at approximately $9,529,526.06. The trade was a 69.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director V (Gp) L.L.C. Slta sold 510,000 shares of Dell Technologies stock in a transaction that occurred on Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total value of $74,883,300.00. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 3,571,688 shares of company stock worth $576,654,105. 42.00% of the stock is owned by insiders.

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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