Pinnacle Associates Ltd. Trims Stake in Dell Technologies Inc. $DELL

Pinnacle Associates Ltd. lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 17.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 17,793 shares of the technology company’s stock after selling 3,838 shares during the quarter. Pinnacle Associates Ltd.’s holdings in Dell Technologies were worth $2,240,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in DELL. Brighton Jones LLC lifted its stake in shares of Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after purchasing an additional 901 shares during the period. Sivia Capital Partners LLC purchased a new position in shares of Dell Technologies during the 2nd quarter worth $328,000. Marshall Wace LLP purchased a new position in shares of Dell Technologies during the 2nd quarter worth $809,000. Gamco Investors INC. ET AL lifted its stake in shares of Dell Technologies by 30.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock worth $819,000 after purchasing an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC lifted its stake in shares of Dell Technologies by 147.2% during the 2nd quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock worth $7,112,000 after purchasing an additional 34,538 shares during the period. 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: JPMorgan boosted its price target on Dell Technologies to $280 from $205 and reiterated an overweight rating, signaling confidence that AI server demand can keep driving growth. MarketScreener
• Positive Sentiment: New reports highlighted Dell as a major AI infrastructure winner, with commentary suggesting the company has room to run and may be undervalued relative to its long-term AI server opportunity. This Will Be Dell’s Stock Price in 2027
• Positive Sentiment: Dell and Kioxia unveiled a high-density 2U server capable of scaling to 9.8 petabytes of flash storage, reinforcing Dell’s positioning in next-generation AI and enterprise infrastructure. Kioxia and Dell Technologies First to Deliver High-Density Server with 9.8 PB of Flash Storage
• Positive Sentiment: Dell is drawing increased investor attention, with multiple articles describing it as one of 2026’s key AI infrastructure trades and a trending stock among Zacks users. Zacks Trending Stock Article
• Neutral Sentiment: Dell announced it will hold its first-quarter fiscal 2027 earnings conference call on May 28, which is a routine event but may set up the next catalyst for the stock. Dell Technologies to Hold Conference Call May 28 to Discuss First Quarter Fiscal 2027 Financial Results

Dell Technologies Stock Down 2.2%

DELL stock opened at $242.36 on Friday. The company has a market cap of $156.51 billion, a price-to-earnings ratio of 27.79, a PEG ratio of 0.98 and a beta of 0.99. The business has a fifty day simple moving average of $188.45 and a 200-day simple moving average of $150.05. Dell Technologies Inc. has a 52 week low of $106.38 and a 52 week high of $263.99.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.53 by $0.36. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The firm had revenue of $33.38 billion during the quarter, compared to the consensus estimate of $31.60 billion. During the same period in the prior year, the firm earned $2.68 EPS. The firm’s quarterly revenue was up 39.5% compared to the same quarter last year. 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, analysts expect that Dell Technologies Inc. will post 11.9 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 1st. Shareholders of record on Tuesday, April 21st were given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 1.0%. This is a boost from Dell Technologies’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Tuesday, April 21st. Dell Technologies’s dividend payout ratio is 28.90%.

Insider Activity

In other Dell Technologies news, Director V (Gp) L.L.C. Slta sold 510,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was sold at an average price of $146.83, for a total value of $74,883,300.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Ellen Jamison Kullman sold 150,346 shares of the firm’s stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $145.13, for a total value of $21,819,714.98. Following the completion of the transaction, the director directly owned 65,662 shares in the company, valued at $9,529,526.06. This trade represents a 69.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,571,688 shares of company stock worth $576,654,105 over the last three months. 42.00% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

DELL has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. increased their price target on Dell Technologies from $205.00 to $280.00 and gave the stock an “overweight” rating in a research note on Friday. Weiss Ratings upgraded Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a report on Friday. Wall Street Zen downgraded Dell Technologies from a “strong-buy” rating to a “buy” rating in a report on Saturday. Piper Sandler dropped their price objective on Dell Technologies from $172.00 to $167.00 and set an “overweight” rating for the company in a report on Friday, February 27th. Finally, Bank of America upped their price objective on Dell Technologies from $205.00 to $246.00 in a report on Monday, April 27th. One investment analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $194.79.

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.