Fifth Third Bancorp Acquires 99,204 Shares of Dell Technologies Inc. $DELL

Fifth Third Bancorp lifted its holdings in Dell Technologies Inc. (NYSE:DELL) by 662.3% in the 1st quarter, Holdings Channel reports. The firm owned 114,182 shares of the technology company’s stock after buying an additional 99,204 shares during the quarter. Fifth Third Bancorp’s holdings in Dell Technologies were worth $18,741,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of DELL. Simplicity Wealth LLC acquired a new position in Dell Technologies in the 1st quarter valued at $215,000. Candriam S.C.A. lifted its position in Dell Technologies by 5.9% during the 1st quarter. Candriam S.C.A. now owns 68,957 shares of the technology company’s stock worth $11,318,000 after acquiring an additional 3,817 shares during the last quarter. ACR Alpine Capital Research LLC lifted its position in Dell Technologies by 9.4% during the 1st quarter. ACR Alpine Capital Research LLC now owns 116,886 shares of the technology company’s stock worth $19,184,000 after acquiring an additional 10,064 shares during the last quarter. Sequoia Financial Advisors LLC boosted its holdings in Dell Technologies by 11.9% during the first quarter. Sequoia Financial Advisors LLC now owns 47,970 shares of the technology company’s stock valued at $7,873,000 after acquiring an additional 5,090 shares during the period. Finally, Relyea Zuckerberg Hanson LLC acquired a new stake in shares of Dell Technologies in the first quarter valued at about $228,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

DELL has been the topic of several recent analyst reports. Sanford C. Bernstein lifted their price target on Dell Technologies from $280.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Melius Research set a $565.00 price objective on Dell Technologies in a research report on Friday, May 29th. Guggenheim upgraded shares of Dell Technologies to a “buy” rating in a research note on Monday, June 1st. The Goldman Sachs Group upped their target price on shares of Dell Technologies from $230.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Finally, TD Cowen increased their price target on shares of Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a report on Friday, May 29th. One research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus target price of $492.76.

Insider Buying and Selling at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of the company’s stock in a transaction dated Thursday, July 9th. The stock was sold at an average price of $453.54, for a total value of $31,160,919.24. Following the completion of the sale, the director directly owned 67,990 shares of the company’s stock, valued at $30,836,184.60. This represents a 50.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Silver Lake Partners V. De (Aiv sold 34,869 shares of the company’s stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total transaction of $15,814,486.26. Following the completion of the sale, the director directly owned 43,961 shares of the company’s stock, valued at $19,938,071.94. The trade was a 44.23% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 4,391,424 shares of company stock worth $1,618,873,745 in the last 90 days. Corporate insiders own 41.50% of the company’s stock.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: Several articles highlight Dell’s strong AI infrastructure momentum, with commentary saying the company is “winning the AI infrastructure race” thanks to surging demand for AI-optimized servers. Dell Is Winning the AI Infrastructure Race. Here’s What Comes Next After a 250% YTD Rally.
• Positive Sentiment: Another update said PC shipments fell in Q2, but Dell’s AI infrastructure business continues to exceed expectations, which could help offset weakness in its legacy PC segment. PC Shipments Fell in Q2, but AI Optimism Is Set to Keep Growing and Push DELL Stock Higher
• Positive Sentiment: Analyst coverage also remains constructive, with one note citing Dell’s strong interest coverage and solid growth prospects despite higher borrowing costs. DELL & 3 More Stocks With Strong Interest Coverage to Buy Now
• Neutral Sentiment: Some market commentary focused on Dell’s huge year-to-date run and where the stock could go next, suggesting traders are still debating valuation after a steep rally. Missed DELL’s 248% Run? IGPT Quietly Turned $10K Into $16,600
• Negative Sentiment: Three Dell directors tied to Silver Lake sold large blocks of stock at $453.54 per share, which may raise concerns about insider confidence and helped add to the downside pressure. SEC filing for Silver Lake Partners Iv, L.P. sale
• Negative Sentiment: Another report noted Dell closed lower and underperformed the broader market, reinforcing that investors are taking profits after the recent run-up. Dell Technologies Registers a Bigger Fall Than the Market

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $427.24 on Tuesday. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $469.47. The business has a fifty day moving average of $358.44 and a two-hundred day moving average of $221.33. The stock has a market cap of $276.90 billion, a PE ratio of 33.93, a PEG ratio of 0.93 and a beta of 1.31.

Dell Technologies (NYSE:DELL) last announced 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. The business had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.Dell Technologies’s revenue was up 87.5% compared to the same quarter last year. During the same period in the previous year, the business 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. Analysts predict that Dell Technologies Inc. will post 17.74 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st will be paid a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, July 21st. Dell Technologies’s dividend payout ratio (DPR) is 20.02%.

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.