Geneva Partners LLC Takes $5.42 Million Position in Dell Technologies Inc. $DELL

Geneva Partners LLC bought a new stake in Dell Technologies Inc. (NYSE:DELL) in the first quarter, HoldingsChannel reports. The fund bought 33,004 shares of the technology company’s stock, valued at approximately $5,417,000. Dell Technologies accounts for 2.6% of Geneva Partners LLC’s portfolio, making the stock its 18th largest position.

Several other institutional investors also recently added to or reduced their stakes in DELL. Bell Investment Advisors Inc boosted its holdings in shares of Dell Technologies by 19.3% in the first quarter. Bell Investment Advisors Inc now owns 322 shares of the technology company’s stock valued at $53,000 after acquiring an additional 52 shares during the period. Raleigh Capital Management Inc. raised its position in Dell Technologies by 6.9% in the 1st quarter. Raleigh Capital Management Inc. now owns 1,044 shares of the technology company’s stock valued at $171,000 after purchasing an additional 67 shares during the last quarter. Pinnacle Associates Ltd. boosted its stake in Dell Technologies by 0.4% during the 3rd quarter. Pinnacle Associates Ltd. now owns 21,631 shares of the technology company’s stock worth $3,067,000 after purchasing an additional 78 shares during the period. Lindenwold Advisors INC grew its position in Dell Technologies by 1.0% during the 3rd quarter. Lindenwold Advisors INC now owns 9,185 shares of the technology company’s stock worth $1,302,000 after purchasing an additional 87 shares during the last quarter. Finally, Ancora Advisors LLC increased its stake in Dell Technologies by 18.6% in the third quarter. Ancora Advisors LLC now owns 556 shares of the technology company’s stock valued at $79,000 after purchasing an additional 87 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. Guggenheim upgraded shares of Dell Technologies to a “buy” rating in a research note on Monday, June 1st. Jefferies Financial Group downgraded Dell Technologies to a “hold” rating in a research note on Monday, June 1st. Sanford C. Bernstein increased their price objective on Dell Technologies from $280.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. HSBC raised Dell Technologies to a “buy” rating in a report on Friday, May 29th. Finally, The Goldman Sachs Group upped their price target on Dell Technologies from $230.00 to $500.00 and gave the stock a “buy” rating in a research note on Monday, June 1st. One analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $490.38.

Insider Activity at Dell Technologies

In other news, Director V (Gp) L.L.C. Slta sold 458,666 shares of Dell Technologies stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $177.24, for a total transaction of $81,293,961.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the company’s stock in a transaction that occurred on Monday, June 1st. The stock was sold at an average price of $457.99, for a total value of $86,928,791.95. Following the completion of the sale, the director owned 24,287 shares in the company, valued at approximately $11,123,203.13. This represents a 88.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,901,953 shares of company stock valued at $1,403,598,971. 41.50% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: President Trump again publicly praised Dell and told Americans to buy Dell computers, fueling fresh momentum in shares. Article: Dell’s stock jumps after Trump says, ‘Go out and buy a Dell computer’
• Positive Sentiment: Michael Dell and Susan Dell’s multibillion-dollar pledge to support Trump Accounts has added to the company’s visibility and investor enthusiasm. Article: Dell (NYSE:DELL) Joins Trump Accounts With A Multibillion Dollar Pledge And Trump Backing
• Positive Sentiment: Analysts and market commentators continue to point to Dell’s AI-server growth story as a key reason the stock remains supported despite its sharp run-up. Article: DELL Jumps 213% YTD: Is There More Room for the Stock to Appreciate?
• Neutral Sentiment: Some commentary warns that the stock may be getting overheated after its huge advance, with at least one note advising investors to wait for a pullback before buying. Article: Dell: I Would Wait For A Pullback To Enter The Stock
• Negative Sentiment: Bearish pieces are raising concerns about valuation, margin pressure, and competition, suggesting upside may be more limited after the recent surge. Article: Trump is Endorsing Dell Stock, But There Is an Uncomfortable Truth You Must Know

Dell Technologies Price Performance

Shares of DELL stock opened at $417.39 on Wednesday. The business’s fifty day moving average price is $340.27 and its 200 day moving average price is $212.59. The firm has a market capitalization of $270.51 billion, a PE ratio of 33.15, a P/E/G ratio of 0.88 and a beta of 1.31. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $469.47.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping the consensus estimate of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. During the same period in the previous year, the firm earned $1.55 EPS. The business’s 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 research analysts expect that Dell Technologies Inc. will post 17.74 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.6%. The ex-dividend date is Tuesday, July 21st. Dell Technologies’s dividend payout ratio is presently 20.02%.

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.