Mackenzie Financial Adds $48M in Dell Technologies Inc. ($DELL)
Mackenzie Financial has significantly increased its stake in Dell Technologies, boosting its shares by 53.9%.
Key Points
- Mackenzie Financial increased its stake in Dell Technologies by 53.9%, adding 113,425 shares to hold a total of 323,477 shares valued at $139.8 million.
- Dell Technologies has a market cap of $270.5 billion, with a P/E ratio of 33.4 and a forward P/E of 19.6; its stock traded near $432.17 on Thursday.
- Insider transactions included both planned and unplanned sales, and analysts maintain a positive outlook with multiple 'buy' ratings.
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Mackenzie Financial has made a notable move by increasing its stake in Dell Technologies Inc. (NYSE:DELL). The firm added 113,425 shares, boosting its holdings by 53.9% to a total of 323,477 shares. This increase brings the value of Mackenzie Financial's position in Dell to approximately $139.8 million, according to its latest Form 13F filing with the SEC.
Mackenzie Financial vs. the S&P 500
Hypothetical, simulated performance of disclosed positions vs. the S&P 500. Not realized profit and not investment advice. Past performance does not indicate future results. Details.
What Changed in Mackenzie Financial's Dell Technologies Position
Mackenzie Financial's decision to boost its stake in Dell Technologies reflects a 53.9% increase from its previous holding of 210,052 shares. The firm now holds 323,477 shares, with the position valued at about $139.8 million.
Other Institutional Activity in Dell Technologies
In other institutional activity, BlackRock, Inc. reduced its holdings by 514,877 shares, ending with 24,749,402 shares worth around $4.06 billion, marking a 2% decrease. Vanguard Capital Management LLC opened a new position with 19,436,711 shares valued at approximately $3.19 billion. Meanwhile, Bank of America Corp increased its stake by 1,011,101 shares, resulting in a 7.6% increase to 14,394,835 shares valued at $2.36 billion. State Street Corp trimmed its holdings by 375,583 shares to 14,340,415 shares, a 2.6% decrease, while Invesco Ltd. increased its position by 1,613,660 shares, reflecting a 22.1% increase to 8,914,668 shares valued at about $1.46 billion.
Dell Technologies Inc. Stock Down 7.4%
Shares of Dell Technologies traded near $432.17 on Thursday. The company boasts a market cap of approximately $270.5 billion and a P/E ratio of 33.4, with a forward P/E of 19.6. Dell's stock has seen a 52-week low of $110.22 and a high of $469.47, with a 50-day moving average of $282.33 and a 200-day moving average of $173.61. The company's beta is 1.378, indicating higher volatility compared to the market.
$DELL stock price
Daily closing prices, year to date. Not investment advice.
Recent Earnings
Dell Technologies reported revenue of $134 billion, with a revenue growth of 0.875%. The company's EPS stands at $12.53, and it has a net margin of 6.28%. The next earnings report is expected on September 3, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
12 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 62.1%. Revenue beat estimates by 21.3%.
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Profit surprise
EBITDA beat by 10 percent. Operating income beat by 32 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 upgrades, 12 target raises.
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Earnings quality
Gross margin down 3.4 points. Operating margin up 3.4 points. Positive free cash flow.
Earnings Call Summary
Dell had a strong quarter with record revenue of twenty nine point eight billion dollars, up nineteen percent, driven by exceptional AI server demand. They shipped eight point two billion dollars in AI servers and have an eleven point seven billion dollar backlog. Management expects margins to improve in the second half as the AI business scales and traditional server and storage mix improves, while operating expenses continue declining.
Guidance Dell raised full year revenue guidance to one hundred seven billion dollars, up twelve percent. They now expect AI server shipments of twenty billion dollars for the year, up five billion from prior guidance. Third quarter revenue should reach twenty seven billion dollars, up eleven percent. They expect full year earnings per share of nine dollars and fifty five cents, up seventeen percent.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
Dell Technologies offers an annual dividend rate of $2.52, yielding 0.62%. The dividend payout ratio is 17.57%.
Insider Buying and Selling at Dell Technologies Inc.
Insider activity at Dell Technologies includes several transactions. On June 22, 2026, Lynn Vojvodich Radakovich executed a planned sale of 12,022 shares at an average price of $421. Additionally, Richard Rothberg, the General Counsel & Secretary, sold 20,000 shares at $410 on June 15, 2026. Other insider sales were reported by Jennifer Saavedra, Chief Human Resources Officer, and Jane Tunnell, Chief Marketing Officer, in mid-June.
Analysts Set New Price Targets
Analysts have maintained their outlook on Dell Technologies. On June 23, 2026, Morgan Stanley maintained a 'hold' rating with a price target of $477. Earlier in June, Goldman Sachs, Mizuho, and Bernstein each maintained a 'buy' rating with a $500 price target. Barclays also maintained a 'buy' rating, setting a target of $550 on May 29, 2026. The consensus recommendation is a 'buy' with an average target price of $483.83, based on 23 analyst opinions.
About Dell Technologies
Dell Technologies Inc. is a global provider of computer hardware and related services, headquartered in Round Rock, Texas. The company operates through two main segments: Infrastructure Solutions Group and Client Solutions Group. Dell designs, manufactures, and sells a range of products including storage solutions, servers, and personal computers. Under the leadership of CEO Michael Dell, the company employs approximately 97,000 people worldwide.
Bottom Line
Mackenzie Financial's significant increase in its stake in Dell Technologies is a notable development, reflecting confidence in the company's prospects. Investors keep a close eye on such filings to gauge institutional sentiment. As always, it's important to remember that 13F filings are backward-looking and might not represent current positions.
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