Midwest Trust Co Invests $458,000 in Dell Technologies Inc. $DELL

Midwest Trust Co bought a new position in shares of Dell Technologies Inc. (NYSE:DELL) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,641 shares of the technology company’s stock, valued at approximately $458,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Dell Technologies by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company’s stock worth $3,957,850,000 after purchasing an additional 1,355,841 shares in the last quarter. State Street Corp grew its position in shares of Dell Technologies by 2.5% during the 3rd quarter. State Street Corp now owns 14,450,258 shares of the technology company’s stock valued at $2,048,613,000 after acquiring an additional 350,941 shares during the period. Invesco Ltd. grew its position in shares of Dell Technologies by 82.3% during the 3rd quarter. Invesco Ltd. now owns 4,855,154 shares of the technology company’s stock valued at $688,315,000 after acquiring an additional 2,191,317 shares during the period. Ameriprise Financial Inc. grew its position in shares of Dell Technologies by 19.9% during the 3rd quarter. Ameriprise Financial Inc. now owns 3,840,921 shares of the technology company’s stock valued at $544,670,000 after acquiring an additional 637,189 shares during the period. Finally, Wellington Management Group LLP grew its position in shares of Dell Technologies by 4,279.1% during the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock valued at $426,129,000 after acquiring an additional 2,937,137 shares during the period. 76.37% of the stock is owned by institutional investors.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Mizuho raised its price target on Dell to $300 from $260 and kept an Outperform rating, saying agentic AI workloads should keep driving durable demand for Dell’s servers and AI infrastructure. Mizuho Hikes Dell Price Target to $300 as Agentic AI Server Demand Powers the Bull Case
• Positive Sentiment: Recent headlines continue to frame Dell as a beneficiary of AI spending, including commentary that investor attention remains focused on Dell’s server demand tied to AI adoption and federal AI initiatives. Dell’s John Roese on Data Layer’s Role in Federal AI Adoption
• Positive Sentiment: Market commentary also noted that Dell has been a strong AI winner this year, with a sharp multi-month rally reflecting enthusiasm for its role in AI infrastructure. Is It Too Late To Consider Dell (DELL) After AI-Fueled Share Price Surge?

Analysts Set New Price Targets

DELL has been the subject of several analyst reports. Wall Street Zen raised shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a report on Saturday, March 21st. UBS Group downgraded shares of Dell Technologies from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $167.00 to $243.00 in a report on Sunday. The Goldman Sachs Group increased their target price on shares of Dell Technologies from $215.00 to $230.00 in a research note on Thursday, April 30th. Truist Financial initiated coverage on shares of Dell Technologies in a research report on Tuesday, March 31st. They set a “hold” rating and a $170.00 price objective on the stock. Finally, Piper Sandler lowered their price objective on shares of Dell Technologies from $172.00 to $167.00 and set an “overweight” rating on the stock in a research report on Friday, February 27th. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $190.84.

Insider Activity

In related news, COO Jeffrey W. Clarke sold 116,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $182.48, for a total transaction of $21,167,680.00. Following the sale, the chief operating officer owned 1,687,414 shares of the company’s stock, valued at $307,919,306.72. The trade was a 6.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO David Alan Kennedy sold 19,500 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was sold at an average price of $182.53, for a total transaction of $3,559,335.00. Following the sale, the chief financial officer directly owned 183,097 shares in the company, valued at $33,420,695.41. The trade was a 9.63% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 3,571,688 shares of company stock worth $576,654,105. 42.00% of the stock is owned by company insiders.

Dell Technologies Stock Down 3.1%

Shares of Dell Technologies stock opened at $239.37 on Wednesday. The firm has a market cap of $154.57 billion, a PE ratio of 27.45, a price-to-earnings-growth ratio of 1.00 and a beta of 0.99. Dell Technologies Inc. has a 12-month low of $103.89 and a 12-month high of $263.99. The company’s fifty day simple moving average is $182.69 and its two-hundred day simple moving average is $148.15.

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, topping analysts’ consensus estimates of $3.53 by $0.36. The business had revenue of $33.38 billion for the quarter, compared to analyst estimates of $31.60 billion. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%. The company’s revenue was up 39.5% on a year-over-year basis. During the same quarter last year, the firm earned $2.68 EPS. 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, sell-side 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 announced a quarterly dividend, which was paid on Friday, May 1st. Stockholders of record on Tuesday, April 21st were paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, April 21st. This is a positive change from Dell Technologies’s previous quarterly dividend of $0.53. Dell Technologies’s payout ratio is presently 28.90%.

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.