Berkshire Asset Management LLC PA raised its position in Dell Technologies Inc. (NYSE:DELL – Free Report) by 1.7% in the fourth quarter, Holdings Channel reports. The fund owned 309,427 shares of the technology company’s stock after buying an additional 5,143 shares during the period. Dell Technologies makes up approximately 1.7% of Berkshire Asset Management LLC PA’s portfolio, making the stock its 24th biggest holding. Berkshire Asset Management LLC PA’s holdings in Dell Technologies were worth $38,951,000 at the end of the most recent quarter.
A number of other institutional investors also recently added to or reduced their stakes in DELL. Brighton Jones LLC lifted its stake in Dell Technologies by 42.7% in the fourth quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after acquiring an additional 901 shares during the last quarter. Sivia Capital Partners LLC purchased a new position in Dell Technologies in the second quarter worth approximately $328,000. Marshall Wace LLP purchased a new position in Dell Technologies in the second quarter worth approximately $809,000. Gamco Investors INC. ET AL lifted its stake in Dell Technologies by 30.2% in the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock worth $819,000 after acquiring an additional 1,550 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in Dell Technologies by 147.2% in the second quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock worth $7,112,000 after acquiring an additional 34,538 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.
Key Stories Impacting Dell Technologies
Here are the key news stories impacting Dell Technologies this week:
- Positive Sentiment: Dell Federal Systems won a $1.44 billion U.S. Air Force contract, adding to the company’s growing government business and reinforcing demand for its enterprise infrastructure offerings. Dell Wins $1.44B Microsoft License Deal
- Positive Sentiment: Several bullish articles highlighted Dell’s AI server momentum, including reports that AI server revenue has surged and that the market may still be underestimating Dell’s AI opportunity. Dell’s Momentum Score Jumps As AI Server Revenue Surges Over 750% Amid Data Center Demand The Dell Story Is No Longer Just About PCs. Here’s Why the Stock Still Looks Undervalued.
- Positive Sentiment: Analyst commentary remained constructive, with a report saying Dell looks cheap relative to higher forecast revisions and another noting Wall Street recommendations still average to a Buy. Dell Stock Looks Cheap Here With Higher Analyst Forecasts – Short Put Plays Are Attractive Wall Street Analysts Think Dell Technologies (DELL) Is a Good Investment: Is It?
- Positive Sentiment: Dell also continues to benefit from broad investor interest after strong earnings and a narrative that its AI backlog keeps building, which supports the stock’s longer-term growth case. DELL Stock Pulled Back. The AI Backlog Keeps Building
- Neutral Sentiment: Dell completed a $3 billion senior notes offering, which may support liquidity and capital structure flexibility, but it also increases leverage and is not clearly a direct near-term catalyst. Dell Technologies Completes $3 Billion Senior Notes Offering
- Negative Sentiment: Multiple Dell insiders and Silver Lake-related directors sold shares recently, which can weigh on sentiment even if the sales were preplanned or routine. SEC filing: David W. Dorman sale
- Negative Sentiment: One industry report warned that memory shortages are disrupting server supply chains, a possible headwind for Dell’s server shipments and margins. Dell, HPE server supply upended by memory crunch
Wall Street Analysts Forecast Growth
Read Our Latest Stock Report on DELL
Insider Activity at Dell Technologies
In other news, Director Spv-2 L.P. Sl sold 34,257 shares of Dell Technologies stock in a transaction on Friday, June 12th. The shares were sold at an average price of $403.12, for a total value of $13,809,681.84. Following the transaction, the director directly owned 91,809 shares of the company’s stock, valued at $37,010,044.08. The trade was a 27.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director David W. Dorman sold 41,292 shares of Dell Technologies stock in a transaction on Friday, June 12th. The shares were sold at an average price of $405.89, for a total transaction of $16,760,009.88. The SEC filing for this sale provides additional information. Insiders have sold a total of 4,907,857 shares of company stock worth $1,556,603,326 over the last 90 days. 41.50% of the stock is owned by corporate insiders.
Dell Technologies Trading Down 1.2%
Shares of NYSE:DELL opened at $404.07 on Wednesday. The company has a market capitalization of $260.93 billion, a PE ratio of 32.09, a P/E/G ratio of 0.88 and a beta of 1.30. Dell Technologies Inc. has a twelve month low of $110.22 and a twelve month high of $469.47. The firm has a 50 day simple moving average of $273.91 and a 200-day simple moving average of $183.09.
Dell Technologies (NYSE:DELL – Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company’s revenue was up 87.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.55 EPS. 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, equities research analysts predict that Dell Technologies Inc. will post 17.6 EPS for the current fiscal year.
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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