Figma Shares Indicated To Open $105/$110
Dell Technologies Inc. (NYSE:DELL), a $64 billion technology hardware giant, saw its Chief Accounting Officer Rios Brunilda recently sell shares of the company, according to a filing with the Securities and Exchange Commission. On March 28, Brunilda sold 926 shares of Dell’s Class C Common Stock at a weighted average price of $93.29 per share, resulting in a total transaction value of $86,386. Following this sale, Brunilda holds 37,948 shares directly. This transaction was executed in multiple trades, with prices ranging from $93.20 to $93.29. The stock, currently trading near its 52-week low, appears undervalued according to InvestingPro analysis. While some insiders are selling, InvestingPro data shows management has been aggressively buying back shares, with 12 additional key insights available to subscribers.
In other recent news, Dell Technologies has announced a $4 billion debt offering, which involves the issuance of senior notes with varying maturities and interest rates. The company plans to use the proceeds for general corporate purposes, including debt repayment. Meanwhile, Dell’s financial performance has been highlighted by Loop Capital Markets, which adjusted its price target for the company’s stock to $130 while maintaining a Buy rating. Dell reported a 7% year-over-year revenue increase to $23.9 billion, driven by a significant 22% growth in its Infrastructure Solutions Group.
Morgan Stanley (NYSE:MS) has maintained an Overweight rating on Dell, citing a promising outlook for the company’s AI server systems, which have seen a substantial uptick in orders. This positive assessment is supported by increased shipments from Wistron, Dell’s major partner for AI server racks. Additionally, Apple (NASDAQ:AAPL) has partnered with Dell and Super Micro Computer (NASDAQ:SMCI) for AI server infrastructure, as part of its strategic shift to enhance AI capabilities.
Dell has also expanded its AI offerings in collaboration with NVIDIA (NASDAQ:NVDA), introducing new solutions aimed at accelerating enterprise AI innovation. The Dell AI infrastructure portfolio now includes advanced computing performance with the NVIDIA GB10 Grace Blackwell Superchip. Furthermore, Dell’s PowerEdge servers will support NVIDIA’s Blackwell Ultra platform, enhancing AI acceleration for enterprises. These developments reflect Dell’s commitment to advancing its AI infrastructure and meeting the growing demands of its enterprise customers.
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