Deutsche Bank AG Increases Holdings in Dell Technologies Inc. $DELL

Deutsche Bank AG grew its holdings in shares of Dell Technologies Inc. (NYSE:DELLFree Report) by 24.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,517,070 shares of the technology company’s stock after buying an additional 1,090,336 shares during the period. Deutsche Bank AG’s holdings in Dell Technologies were worth $694,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth Retirement Investments LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at about $25,000. Navalign LLC purchased a new stake in shares of Dell Technologies in the 4th quarter valued at about $29,000. WealthCollab LLC lifted its holdings in shares of Dell Technologies by 82.0% in the 2nd 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. iA Global Asset Management Inc. purchased a new stake in shares of Dell Technologies in the 4th quarter valued at about $32,000. Finally, State of Wyoming purchased a new stake in shares of Dell Technologies in the 2nd quarter valued at about $33,000. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In related news, Director Spv-2 L.P. Sl sold 84,583 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The stock was sold at an average price of $403.00, for a total value of $34,086,949.00. Following the sale, the director owned 8,149 shares of the company’s stock, valued at approximately $3,284,047. This represents a 91.21% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 89,648 shares of the company’s stock in a transaction that occurred on Friday, June 5th. The shares were sold at an average price of $403.01, for a total value of $36,129,040.48. Following the completion of the sale, the director directly owned 5,544 shares in the company, valued at approximately $2,234,287.44. The trade was a 94.18% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 4,305,875 shares of company stock valued at $1,233,161,867. 41.50% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on DELL. Royal Bank Of Canada began coverage on Dell Technologies in a report on Friday, May 29th. They issued an “outperform” rating for the company. Susquehanna set a $289.00 target price on Dell Technologies and gave the company a “neutral” rating in a report on Friday, May 29th. Roth Mkm began coverage on Dell Technologies in a report on Friday, May 29th. They issued a “buy” rating for the company. Sanford C. Bernstein boosted their target price on Dell Technologies from $280.00 to $500.00 and gave the company an “outperform” rating in a report on Friday, May 29th. Finally, Mizuho boosted their target price on Dell Technologies from $435.00 to $500.00 and gave the company an “outperform” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and an average target price of $475.76.

Check Out Our Latest Report on Dell Technologies

Dell Technologies News Summary

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

Dell Technologies Trading Down 5.1%

NYSE DELL opened at $380.44 on Wednesday. The business’s 50 day moving average is $251.44 and its two-hundred day moving average is $173.64. Dell Technologies Inc. has a 12-month low of $109.17 and a 12-month high of $469.47. The stock has a market capitalization of $245.67 billion, a price-to-earnings ratio of 30.22, a PEG ratio of 0.89 and a beta of 1.30.

Dell Technologies (NYSE:DELLGet Free Report) last released its earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) 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 analysts’ expectations of $35.74 billion. During the same quarter in the previous year, the firm posted $1.55 EPS. The firm’s quarterly revenue was up 87.5% on a year-over-year basis. 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. Equities analysts forecast that Dell Technologies Inc. will post 17.05 earnings per share for the current fiscal year.

Dell Technologies Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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