Sun Sep 15 10:46:52 UTC 2024: ## Dell Technologies Sees Increased Institutional Interest and Insider Sales

**New York, NY (MarketBeat News) -** Dell Technologies Inc. (NYSE:DELL) has seen a flurry of activity in recent months, with both institutional investors and company insiders making significant moves in their holdings.

Victory Capital Management Inc. increased its stake in Dell by 6% during the second quarter, adding 5,171 shares to its portfolio, now totaling 90,708 shares worth $12.51 million. Other hedge funds, such as Jones Financial Companies Lllp and Massmutual Trust Co. FSB ADV, have also acquired or increased their positions in the tech giant.

However, a wave of insider selling has also occurred, primarily by CEO Michael S. Dell. In September alone, Dell sold over 2 million shares in multiple transactions, totaling $196.29 million. While Dell still owns 18,350,822 shares of the company, the recent sales have raised some eyebrows.

Despite the insider selling, analysts remain bullish on Dell’s prospects. Recent earnings reports revealed that Dell surpassed revenue and earnings per share expectations in the second quarter, with revenue increasing 9.1% year-over-year. Analysts anticipate strong performance in the upcoming fiscal year.

Several analysts have recently adjusted their price targets for Dell, with Citigroup raising its target to $160 and Bank of America increasing their target to $155. Overall, analysts maintain a “Moderate Buy” rating for Dell, with an average price target of $135.75.

Dell Technologies is a leading provider of technology solutions across multiple segments, including infrastructure, client computing, and software. The company continues to adapt to the evolving tech landscape and is well-positioned for future growth.

**Investors and analysts are closely monitoring Dell’s future performance, particularly in light of the recent insider selling. However, the positive earnings results and strong analyst sentiment suggest that Dell remains a viable investment option for those looking to invest in the technology sector.**

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