Vista Investment Partners LLC Cuts Holdings in Dell Technologies Inc. $DELL

Key Points

• Vista Investment Partners reduced its Dell stake by 21.4% in the second quarter, selling 6,105 shares and retaining 22,365 shares valued at approximately $9.64 million. Dell represents about 2.4% of the firm’s portfolio.
• Despite the reduction, institutional ownership remains high at 76.37%, and analysts maintain a broadly positive outlook with a consensus “Moderate Buy” rating and an average price target of $494.67.
• Dell reported strong quarterly results, including $4.86 in earnings per share and $43.84 billion in revenue, while revenue surged 87.5% year over year. However, the stock’s sharp rally, insider selling and valuation concerns present potential near-term risks.

Vista Investment Partners LLC reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 21.4% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 22,365 shares of the technology company's stock after selling 6,105 shares during the quarter. Dell Technologies makes up about 2.4% of Vista Investment Partners LLC's holdings, making the stock its 6th biggest holding. Vista Investment Partners LLC's holdings in Dell Technologies were worth $9,643,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in shares of Dell Technologies by 4.5% during the 4th quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company's stock valued at $3,957,850,000 after purchasing an additional 1,355,841 shares in the last quarter. State Street Corp raised its stake in Dell Technologies by 1.8% in the fourth quarter. State Street Corp now owns 14,715,998 shares of the technology company's stock worth $1,852,450,000 after buying an additional 265,740 shares in the last quarter. Bank of America Corp DE lifted its holdings in Dell Technologies by 7.6% in the first quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company's stock worth $2,362,624,000 after buying an additional 1,011,101 shares during the period. Geode Capital Management LLC boosted its position in Dell Technologies by 1.5% during the 4th quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company's stock valued at $939,808,000 after acquiring an additional 108,011 shares in the last quarter. Finally, Invesco Ltd. grew its holdings in shares of 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 acquiring an additional 2,445,854 shares during the period. 76.37% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on DELL shares. CLSA raised Dell Technologies to an "outperform" rating in a research report on Friday, May 29th. Morgan Stanley upped their price target on Dell Technologies from $448.00 to $477.00 and gave the stock an "equal weight" rating in a research note on Tuesday, June 23rd. Royal Bank Of Canada assumed coverage on Dell Technologies in a report on Friday, May 29th. They issued an "outperform" rating for the company. TD Cowen raised their price objective on Dell Technologies from $150.00 to $450.00 and gave the company a "hold" rating in a research report on Friday, May 29th. Finally, The Goldman Sachs Group boosted their target price on shares of Dell Technologies from $230.00 to $500.00 and gave the company a "buy" rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $494.67.

Dell Technologies Stock Performance

DELL stock opened at $453.71 on Monday. The firm has a 50 day moving average price of $417.22 and a 200-day moving average price of $261.23. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $485.70. The firm has a market capitalization of $294.05 billion, a price-to-earnings ratio of 36.04, a PEG ratio of 0.97 and a beta of 1.33.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping 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 company had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same quarter in the prior year, the business posted $1.55 EPS. The firm's quarterly revenue was up 87.5% compared to the same quarter last year. 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 forecast that Dell Technologies Inc. will post 17.77 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Dell Technologies's payout ratio is 20.02%.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Investors continue to point to Dell’s AI-server momentum, including reported contract wins tied to the Volta AI factory and Texas A&M’s IGNITE platform. The company’s latest results also showed record revenue, strong AI-optimized server sales and a substantial AI order pipeline. Dell Technologies Could Be 4% Below Fair Value on AI Infrastructure Wins
• Positive Sentiment: Analyst sentiment remains broadly favorable, with recent price targets generally above the current trading range and a reported median target of $500. Optimism centers on enterprise IT spending and demand for AI servers, while partnerships with Nvidia, AMD and Microsoft reinforce Dell’s competitive positioning. Is Dell Technologies a Buy as Wall Street Analysts Look Optimistic?
• Positive Sentiment: A broader view from Barchart argues that Dell’s long-term growth opportunity remains intact despite its major rally, citing rising enterprise technology spending as a foundation for further expansion. After a 250% Rally, Dell Stock Still Has Room to Run
• Neutral Sentiment: Dell’s collaboration with Nokia and Nvidia on AI-powered radio access networks and future 6G connectivity adds strategic visibility, although the initiative is primarily a Nokia-focused announcement and its direct financial impact on Dell is not yet clear. Nokia Launches AI RAN Platform
• Negative Sentiment: Seeking Alpha downgraded Dell, arguing that the business is strong but the stock is now fully valued following its steep advance. This valuation concern could encourage profit-taking near the stock’s highs. Dell: Great Business, Full Price
• Negative Sentiment: Weakness in a major AI-server peer triggered a sector-wide reassessment, pressuring Dell on concerns that AI hardware demand or near-term orders could disappoint. Dell’s next earnings report is scheduled for September 3, leaving the stock sensitive to peer results and industry commentary. Dell Slips as Peer Earnings Pressure AI Server Trade
• Negative Sentiment: Investor’s Business Daily highlighted a failed breakout and discussed exiting the trade, signaling short-term technical risk after Dell’s rapid run-up. Extensive recent insider selling may add to concerns about profit-taking, even though it does not necessarily indicate deteriorating fundamentals. Exiting Gracefully on Opening Bell Disasters

Insider Buying and Selling

In related news, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of the stock in a transaction dated Thursday, July 9th. The shares were sold at an average price of $453.54, for a total transaction of $15,814,486.26. Following the sale, the director directly owned 43,961 shares of the company's stock, valued at approximately $19,938,071.94. This represents a 44.23% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Lake Group L.L.C. Silver sold 16,679 shares of the firm's stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $396.37, for a total transaction of $6,611,055.23. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 3,434,758 shares of company stock valued at $1,448,870,683. Insiders own 41.50% of the company's stock.

Dell Technologies Company 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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