Dell Technologies Inc.
In the published model solve dated 2026-Q2, anchored at $456.20, Dell Technologies Inc. (DELL) is priced for +36.3% growth. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed July 25, 2026 from SEC EDGAR filings.
• AI-optimized servers went from a line the company did not report separately to one it had to break out: ⟦"Given the scale and growth of our AI-optimized servers business, effective in the fourth quarter of Fiscal 2026, we disaggregated our servers and networking offerings within revenue by major product category"⟧. • The growth is arriving at a thinner margin, since infrastructure revenue grew 40% in fiscal 2026 while that unit's operating income grew 27%, pulling its margin down 110 basis poi
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1,592 institutional managers reported holding DELL in 13F filings for the quarter ended 2026-03-31. Together they hold about 36% of the company; the top 10 hold 19%. 263 opened new positions that quarter. Held by Vanguard Group, BlackRock, State Street, among others. On the short side, 15.8M shares were sold short as of the 2026-06-15 count, about 2% of shares outstanding (1.4 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
DELL has cut its share count 57.5% over the past five years, spending $16.27B on repurchases. It pays a dividend, and has for 4 years running, raised 3 years straight; the current rate is $2.10 a share annually. Cash returned over the past three years: $3.99B in dividends and $12.10B in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
No open-market insider buys on file at DELL over the trailing three years. Absence is a fact about the company, not a signal. 30 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
DELL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2022-03-25 | -9.4% | -9.5% |
| 2023-06-13 | +5.5% | +14.2% |
| 2023-09-13 | +22.4% | +3.5% |
| 2023-12-09 | -2.4% | +25.5% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
DELL's latest 8-K filings: 2026-07-06 (items 3.03, 5.03, 9.01); 2026-07-01 (items 3.03, 5.07, 8.01, 9.01); 2026-06-17 (items 3.02); 2026-06-16 (items 1.01, 2.03, 9.01); 2026-06-12 (items 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 25, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.