Nomura Asset Management Co. Ltd. Raises Stake in Dell Technologies Inc. $DELL

Nomura Asset Management Co. Ltd. boosted its position in Dell Technologies Inc. (NYSE:DELL – Free Report) by 2.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 477,078 shares of the technology company’s stock after purchasing an additional 12,516 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Dell Technologies were worth $60,055,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of DELL. Navalign LLC purchased a new stake in Dell Technologies in the fourth quarter worth approximately $29,000. WealthCollab LLC boosted its stake in Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after buying an additional 114 shares in the last quarter. iA Global Asset Management Inc. bought a new stake in Dell Technologies in the fourth quarter worth $32,000. State of Wyoming bought a new stake in Dell Technologies in the second quarter worth $33,000. Finally, Smithfield Trust Co lifted its stake in Dell Technologies by 92.9% in the fourth quarter. Smithfield Trust Co now owns 328 shares of the technology company’s stock worth $41,000 after purchasing an additional 158 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Key Dell Technologies News

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

• Positive Sentiment: Dell reported revenue of $43.8 billion, up 88% year over year, and EPS of $4.86, far above Wall Street expectations, signaling a major earnings beat. Dell Technologies Delivers First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: AI server demand was the main catalyst: Dell said AI-optimized server revenue jumped 757% to $16.1 billion, with $24.4 billion of AI orders and a record backlog, showing demand remains very strong. Reuters: Dell raises annual forecasts as AI data center buildout fuels demand
• Positive Sentiment: Management raised full-year guidance to $165 billion-$169 billion in revenue and lifted AI-server revenue expectations, which suggests the growth surge may continue into the next quarters. WSJ: Dell Raises Fiscal Year Outlook After Sales Soar 88%
• Positive Sentiment: Analysts turned more bullish after the report, with multiple firms raising price targets sharply, which can add momentum to the stock. Benzinga: Dell’s AI-Fueled Surge May Be Far From Over
• Neutral Sentiment: The Pentagon contract is strategically important and supports Dell’s enterprise/software relationships, but investors appear to be focusing more on the AI-server earnings beat than the contract itself. CNBC: Dell wins a $9.7 billion Pentagon software deal

Insider Buying and Selling

In related news, CAO Richard Troy Sharp sold 1,538 shares of the firm’s stock in a transaction on Thursday, March 19th. The stock was sold at an average price of $149.26, for a total value of $229,561.88. Following the completion of the sale, the chief accounting officer owned 8,030 shares of the company’s stock, valued at $1,198,557.80. This trade represents a 16.07% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO David Alan Kennedy sold 19,500 shares of the firm’s stock in a transaction on Thursday, April 9th. The stock was sold at an average price of $182.53, for a total value of $3,559,335.00. Following the completion of the sale, the chief financial officer directly owned 183,097 shares of the company’s stock, valued at $33,420,695.41. The trade was a 9.63% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,071,687 shares of company stock valued at $501,560,818 over the last three months. Insiders own 41.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on DELL. Zacks Research upgraded Dell Technologies from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Susquehanna set a $289.00 price objective on Dell Technologies and gave the stock a “neutral” rating in a report on Friday. Royal Bank Of Canada began coverage on Dell Technologies in a report on Friday. They issued an “outperform” rating on the stock. Weiss Ratings raised Dell Technologies from a “buy (b-)” rating to a “buy (b)” rating in a research note on Friday, May 15th. Finally, Loop Capital increased their price objective on Dell Technologies from $150.00 to $550.00 and gave the company a “buy” rating in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $421.00.

Check Out Our Latest Stock Analysis on DELL

Dell Technologies Trading Up 0.0%

DELL stock opened at $420.96 on Monday. The firm’s 50-day moving average price is $216.82 and its two-hundred day moving average price is $159.50. Dell Technologies Inc. has a 12-month low of $106.38 and a 12-month high of $429.15. The stock has a market capitalization of $271.83 billion, a price-to-earnings ratio of 33.44, a PEG ratio of 1.55 and a beta of 1.30.

Dell Technologies (NYSE:DELL – Get Free Report) last announced its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. During the same quarter last year, the firm posted $1.55 earnings per share. The firm’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 analysts predict that Dell Technologies Inc. will post 12.21 EPS for the current year.

About Dell Technologies

(Free Report)

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.

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