Alkeon Capital Management LLC Cuts Position in Dell Technologies Inc. $DELL

Alkeon Capital Management LLC decreased its holdings in Dell Technologies Inc. (NYSE:DELL) by 32.0% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,062,409 shares of the technology company’s stock after selling 500,000 shares during the period. Alkeon Capital Management LLC’s holdings in Dell Technologies were worth $133,736,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of DELL. Commonwealth Retirement Investments LLC purchased a new position in Dell Technologies in the fourth quarter valued at approximately $25,000. Rossby Financial LCC raised its stake in shares of Dell Technologies by 968.4% during the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock valued at $26,000 after purchasing an additional 184 shares during the period. Navalign LLC purchased a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $29,000. WealthCollab LLC raised its stake in shares of Dell Technologies by 82.0% during the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after purchasing an additional 114 shares during the period. Finally, iA Global Asset Management Inc. purchased a new stake in shares of Dell Technologies during the fourth quarter valued at approximately $32,000. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Analyst Ratings Changes

DELL has been the subject of a number of recent analyst reports. Truist Financial raised their price target on shares of Dell Technologies from $170.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. Evercore raised their price target on shares of Dell Technologies from $270.00 to $450.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Melius Research set a $565.00 price target on shares of Dell Technologies in a research report on Friday, May 29th. Guggenheim upgraded shares of Dell Technologies to a “buy” rating in a research report on Monday, June 1st. Finally, Jefferies Financial Group downgraded shares of Dell Technologies to a “hold” rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $475.76.

Insiders Place Their Bets

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 54,093 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $380.25, for a total transaction of $20,568,863.25. Following the sale, the director owned 75,341 shares in the company, valued at approximately $28,648,415.25. The trade was a 41.79% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 62,403 shares of the business’s stock in a transaction dated Thursday, June 11th. The stock was sold at an average price of $380.25, for a total value of $23,728,740.75. Following the sale, the director owned 57,380 shares in the company, valued at approximately $21,818,745. The trade was a 52.10% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,901,198 shares of company stock worth $1,521,626,975. 41.50% of the stock is owned by corporate insiders.

Dell Technologies Stock Up 3.2%

Shares of NYSE DELL opened at $408.33 on Tuesday. The firm’s 50-day simple moving average is $269.31 and its 200 day simple moving average is $181.19. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $469.47. The stock has a market cap of $263.68 billion, a P/E ratio of 32.43, a P/E/G ratio of 0.85 and a beta of 1.30.

Dell Technologies (NYSE:DELL) last issued its quarterly 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 firm had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. During the same period in the previous year, the business earned $1.55 earnings per share. Dell Technologies’s revenue for the quarter was up 87.5% compared to the same quarter last year. 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. On average, sell-side analysts anticipate that Dell Technologies Inc. will post 17.6 earnings per share for the current fiscal year.

Key Dell Technologies News

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

• Positive Sentiment: Several recent articles argue Dell is benefiting from strong AI and server demand, with one piece highlighting a “$1.24 trillion reason” to buy the stock and citing expanding market share and rising growth forecasts. A $1.24 Trillion Reason to Buy Dell Stock Now
• Positive Sentiment: Wall Street sentiment remains constructive, with brokerage recommendations on Dell averaging to a Buy, supporting the case that investors still see upside in the shares. Wall Street Analysts Think Dell Technologies (DELL) Is a Good Investment: Is It?
• Positive Sentiment: Dell was also described as a trending stock across financial media, reflecting heightened investor interest and momentum after a sharp rally this year. Dell Technologies Inc. (DELL) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: AMD’s new UK AI investment includes collaborations with Dell Technologies on AI supercomputing infrastructure, which could reinforce Dell’s role in AI systems but is not a direct earnings announcement for Dell. Is AMD’s £2 Billion UK AI Bet Altering The Investment Case For Advanced Micro Devices (AMD)?
• Negative Sentiment: Three Dell directors, including Silver Lake-related entities, disclosed sizable stock sales at $380.25 per share, which can raise concerns about insider confidence even though the sales were disclosed and may be routine. SEC filing: Director Spv-2 L.P. Sl sale SEC filing: Silver Lake Partners Iv, L.P. sale SEC filing: Silver Lake Partners V. De (Aiv sale
• Negative Sentiment: One industry report said Dell and HPE server supply is being disrupted by a memory crunch, a potential headwind if component shortages pressure shipments or margins. Dell, HPE server supply upended by memory crunch

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.