PNC Financial Services Group Inc. Boosts Stake in Dell Technologies Inc. $DELL

PNC Financial Services Group Inc. lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 1.3% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 90,951 shares of the technology company’s stock after purchasing an additional 1,194 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Dell Technologies were worth $14,928,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Oslo Pensjonsforsikring AS purchased a new position in Dell Technologies in the 1st quarter worth $299,000. Baader Bank Aktiengesellschaft purchased a new stake in Dell Technologies during the 1st quarter valued at about $1,135,000. Andra AP fonden increased its holdings in shares of Dell Technologies by 90.8% in the first quarter. Andra AP fonden now owns 74,268 shares of the technology company’s stock valued at $12,190,000 after purchasing an additional 35,335 shares during the period. Cassaday & Co Wealth Management LLC acquired a new position in shares of Dell Technologies in the first quarter valued at about $169,000. Finally, MWA Asset Management raised its stake in shares of Dell Technologies by 1.8% in the first quarter. MWA Asset Management now owns 23,533 shares of the technology company’s stock worth $3,862,000 after purchasing an additional 409 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Trading Down 0.7%

Shares of NYSE:DELL opened at $436.43 on Friday. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $469.47. The business has a 50 day moving average of $390.33 and a two-hundred day moving average of $238.94. The company has a market capitalization of $282.85 billion, a PE ratio of 34.66, a PEG ratio of 0.93 and a beta of 1.31.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. The business had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The business’s revenue was up 87.5% on a year-over-year basis. During the same quarter last year, the company 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. Equities research analysts predict that Dell Technologies Inc. will post 17.77 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell was selected by Texas A&M Engineering Experiment Station to build the IGNITE secure AI and high-performance computing platform, a contract that adds to Dell’s AI/HPC momentum and highlights its role in national research infrastructure. Texas A&M Engineering Experiment Station Selects Dell Technologies to Build a Secure AI Platform for National Research
• Positive Sentiment: Investor optimism around AI servers is spreading across the sector, with reports pointing to Dell’s exposure to Nvidia-powered AI server demand as a key reason the stock has been moving higher. Dell Technologies (DELL) Climbs 9.3% on Booming Demand for Nvidia-Powered AI Servers
• Positive Sentiment: Analyst commentary is also leaning bullish, with several forecasts suggesting Dell still has room to run as AI server growth remains a major theme for the stock. Dell To Rally More Than 17%? Here Are 10 Top Analyst Forecasts For Friday
• Neutral Sentiment: Some market coverage notes that Dell’s AI story is improving, but also flags new risks, suggesting investors are still weighing upside from AI demand against margin and execution concerns. Dell’s AI Story Gains Traction but New Risks Are Emerging
• Negative Sentiment: One concern for Dell remains margin pressure tied to the AI server buildout, which could limit how much of the AI demand boom translates into profits. Prediction: Dell Technologies Stock Could Be 30% Higher by This Time Next Year

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. William Blair initiated coverage on Dell Technologies in a research report on Monday, June 1st. They issued a “neutral” rating on the stock. Wolfe Research lowered shares of Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research report on Friday, May 29th. CLSA raised shares of Dell Technologies to an “outperform” rating in a report on Friday, May 29th. Roth Capital initiated coverage on shares of Dell Technologies in a research note on Friday, May 29th. They issued a “buy” rating on the stock. Finally, Zacks Research raised shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. One investment analyst has rated the stock with a Strong Buy rating, twenty have issued a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $494.67.

Insiders Place Their Bets

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the company’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $457.99, for a total value of $86,928,791.95. Following the completion of the transaction, the director owned 24,287 shares in the company, valued at approximately $11,123,203.13. This represents a 88.66% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Spv-2 L.P. Sl sold 175,901 shares of the firm’s stock in a transaction dated Monday, June 1st. The shares were sold at an average price of $457.99, for a total value of $80,560,898.99. Following the sale, the director owned 36,659 shares in the company, valued at $16,789,455.41. This trade represents a 82.75% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 3,434,758 shares of company stock valued at $1,448,870,683 in the last ninety days. 41.50% of the stock is owned by corporate insiders.

Dell Technologies Company 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.