Nomura Asset Management Co. Ltd. lifted its holdings in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) by 2.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 477,078 shares of the technology company’s stock after purchasing an additional 12,516 shares during the period. Nomura Asset Management Co. Ltd. owned about 0.07% of Dell Technologies worth $60,055,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised 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 worth $3,957,850,000 after purchasing an additional 1,355,841 shares during the period. State Street Corp raised its stake in shares of Dell Technologies by 2.5% during the 3rd quarter. State Street Corp now owns 14,450,258 shares of the technology company’s stock worth $2,048,613,000 after purchasing an additional 350,941 shares during the period. Geode Capital Management LLC raised its stake in shares of 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 worth $939,808,000 after purchasing an additional 108,011 shares during the period. Invesco Ltd. raised its stake in Dell Technologies by 82.3% in the 3rd quarter. Invesco Ltd. now owns 4,855,154 shares of the technology company’s stock valued at $688,315,000 after acquiring an additional 2,191,317 shares during the period. Finally, Norges Bank bought a new stake in Dell Technologies in the 4th quarter valued at about $607,349,000. 76.37% of the stock is currently owned by institutional investors.
Dell Technologies Stock Up 0.0%
Shares of DELL opened at $420.96 on Monday. The business’s 50-day moving average price is $216.82 and its 200-day moving average price is $159.50. Dell Technologies Inc. has a twelve month low of $106.38 and a twelve month high of $429.15. The stock has a market cap of $271.83 billion, a PE ratio of 33.44, a P/E/G ratio of 1.55 and a beta of 1.30.
Dell Technologies News Summary
Here are the key news stories impacting Dell Technologies this week:
- Positive Sentiment: Dell reported revenue of $43.8 billion, up 88% year over year, and EPS of $4.86, far above Wall Street expectations, signaling a major earnings beat. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
- Positive Sentiment: AI server demand was the main catalyst: Dell said AI-optimized server revenue jumped 757% to $16.1 billion, with $24.4 billion of AI orders and a record backlog, showing demand remains very strong. Reuters: Dell raises annual forecasts as AI data center buildout fuels demand
- Positive Sentiment: Management raised full-year guidance to $165 billion-$169 billion in revenue and lifted AI-server revenue expectations, which suggests the growth surge may continue into the next quarters. WSJ: Dell Raises Fiscal Year Outlook After Sales Soar 88%
- Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets sharply, which can add momentum to the stock. Benzinga: Dell’s AI-Fueled Surge May Be Far From Over
- Neutral Sentiment: The Pentagon contract is strategically important and supports Dell’s enterprise/software relationships, but investors appear to be focusing more on the AI-server earnings beat than the contract itself. CNBC: Dell wins a $9.7 billion Pentagon software deal
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on DELL. Melius Research set a $565.00 price objective on Dell Technologies in a research note on Friday. Loop Capital boosted their price objective on Dell Technologies from $150.00 to $550.00 and gave the company a “buy” rating in a research note on Friday. CLSA upgraded Dell Technologies to an “outperform” rating in a research note on Friday. Argus boosted their price objective on Dell Technologies from $200.00 to $460.00 and gave the company a “buy” rating in a research note on Friday. Finally, TD Cowen boosted their price objective on Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a research note on Friday. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $421.00.
View Our Latest Research Report on DELL
Insider Activity at Dell Technologies
In related news, Director Ellen Jamison Kullman sold 150,346 shares of the company’s stock in a transaction that occurred on Friday, March 6th. The shares were sold at an average price of $145.13, for a total value of $21,819,714.98. Following the transaction, the director directly owned 65,662 shares in the company, valued at approximately $9,529,526.06. This represents a 69.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider William F. Scannell sold 143,067 shares of the company’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the completion of the transaction, the insider owned 21,779 shares in the company, valued at approximately $3,593,535. This trade represents a 86.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 3,071,687 shares of company stock valued at $501,560,818 in the last ninety days. 41.50% of the stock is currently owned by company 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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