Legal & General Group Plc Sells 27,979 Shares of Dell Technologies Inc. $DELL

Legal & General Group Plc cut its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 1.3% during the 4th quarter, Holdings Channel reports. The firm owned 2,203,028 shares of the technology company’s stock after selling 27,979 shares during the period. Legal & General Group Plc’s holdings in Dell Technologies were worth $277,317,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Navalign LLC bought a new position in shares of Dell Technologies during the fourth quarter worth approximately $29,000. WealthCollab LLC increased its holdings in shares of Dell Technologies by 82.0% during the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after purchasing an additional 114 shares during the period. iA Global Asset Management Inc. bought a new position in shares of Dell Technologies during the fourth quarter worth approximately $32,000. State of Wyoming bought a new position in shares of Dell Technologies during the second quarter worth approximately $33,000. Finally, Westside Investment Management Inc. increased its holdings in shares of Dell Technologies by 35.8% during the third quarter. Westside Investment Management Inc. now owns 296 shares of the technology company’s stock worth $43,000 after purchasing an additional 78 shares during the period. 76.37% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently commented on DELL. Zacks Research raised shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Wall Street Zen cut shares of Dell Technologies from a “strong-buy” rating to a “buy” rating in a research note on Saturday, May 16th. Mizuho lifted their price objective on shares of Dell Technologies from $215.00 to $260.00 and gave the company an “outperform” rating in a research note on Wednesday, May 6th. Truist Financial initiated coverage on shares of Dell Technologies in a research note on Tuesday, March 31st. They issued a “hold” rating and a $170.00 price objective on the stock. Finally, Weiss Ratings raised shares of Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $211.32.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: IREN said it will buy Nvidia Blackwell systems from Dell for about $1.6 billion, reinforcing demand for Dell’s AI infrastructure products and signaling a meaningful order pipeline. IREN to buy Blackwell systems from Dell for about $1.6 billion
• Positive Sentiment: Dell shares are rising into earnings as the market bets that strong AI server growth, analyst upgrades, and new product announcements will keep momentum going. Dell Shares Hit New 52-Week High As AI Push And Analyst Upgrades Fuel Rally
• Positive Sentiment: Lenovo’s strong results lifted confidence in the broader PC and AI hardware recovery, helping Dell rally alongside peers HP and Qualcomm. Dell and HP Rally as Lenovo’s AI-Fueled Growth Lifts Sector
• Positive Sentiment: Investor commentary continues to frame Dell as a major AI winner, with bullish articles highlighting “massive growth” potential from AI agents and sovereign AI spending. ‘Massive Growth Down the Pike,’ Says Top Investor About Dell Stock

Dell Technologies Stock Performance

NYSE DELL opened at $305.56 on Wednesday. The firm’s fifty day moving average price is $205.11 and its two-hundred day moving average price is $155.23. The stock has a market cap of $197.32 billion, a PE ratio of 35.04, a PEG ratio of 1.11 and a beta of 0.99. Dell Technologies Inc. has a fifty-two week low of $106.38 and a fifty-two week high of $308.64.

Dell Technologies (NYSE:DELL) last posted its earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share for the quarter, topping analysts’ consensus estimates of $3.53 by $0.36. The firm had revenue of $33.38 billion for the quarter, compared to analysts’ expectations of $31.60 billion. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The company’s revenue was up 39.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $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. As a group, sell-side analysts predict that Dell Technologies Inc. will post 11.87 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Tuesday, April 21st were paid a dividend of $0.63 per share. The ex-dividend date of this dividend was Tuesday, April 21st. This is a boost 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 0.8%. Dell Technologies’s payout ratio is presently 28.90%.

Insider Activity

In other news, CAO Richard Troy Sharp sold 1,538 shares of Dell Technologies stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $149.26, for a total transaction of $229,561.88. Following the transaction, the chief accounting officer owned 8,030 shares in the company, valued at approximately $1,198,557.80. The trade was a 16.07% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO David Alan Kennedy sold 19,500 shares of Dell Technologies stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $182.53, for a total transaction of $3,559,335.00. Following the transaction, the chief financial officer owned 183,097 shares in the company, valued at approximately $33,420,695.41. This trade represents a 9.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 3,571,688 shares of company stock valued at $576,654,105. 42.00% of the stock is currently owned by insiders.

Dell Technologies 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.