Dell Technologies Inc. $DELL Stock Sold by Sterling Capital Management LLC

Sterling Capital Management LLC reduced its position in Dell Technologies Inc. (NYSE:DELL) by 52.6% in the 3rd quarter, Holdings Channel reports. The fund owned 16,603 shares of the technology company’s stock after selling 18,438 shares during the period. Sterling Capital Management LLC’s holdings in Dell Technologies were worth $8,932,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in the business. Bank of America Corp DE lifted its holdings in shares of Dell Technologies by 7.6% during the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock worth $2,362,624,000 after acquiring an additional 1,011,101 shares during the period. Wellington Management Group LLP increased its holdings in shares of Dell Technologies by 140.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock worth $1,090,294,000 after buying an additional 1,474,347 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Dell Technologies by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company’s stock worth $157,869,000 after buying an additional 27,668 shares during the last quarter. Swiss National Bank raised its position in shares of Dell Technologies by 4.7% in the 1st quarter. Swiss National Bank now owns 931,008 shares of the technology company’s stock worth $152,806,000 after buying an additional 41,700 shares during the period. Finally, Amundi boosted its holdings in Dell Technologies by 5.8% in the first quarter. Amundi now owns 845,709 shares of the technology company’s stock valued at $138,806,000 after acquiring an additional 46,240 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Up 0.9%

DELL stock traded up $3.94 during midday trading on Friday, reaching $456.89. The company had a trading volume of 4,327,247 shares, compared to its average volume of 6,786,579. The stock has a 50 day moving average price of $513.41 and a 200 day moving average price of $403.55. The firm has a market capitalization of $290.49 billion, a PE ratio of 26.52, a P/E/G ratio of 0.47 and a beta of 1.37. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $595.51.

Dell Technologies (NYSE:DELL) last released its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, topping the consensus estimate of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The business had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same quarter in the prior year, the firm earned $1.70 earnings per share. The company’s quarterly revenue was up 57.7% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 25.500-25.500 EPS and its Q3 2027 guidance at 6.500-6.500 EPS. Research analysts predict that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date is Tuesday, October 20th. Dell Technologies’s dividend payout ratio is currently 14.63%.

Wall Street Analysts Forecast Growth

DELL has been the subject of a number of research reports. The Goldman Sachs Group reiterated a “buy” rating on shares of Dell Technologies in a report on Friday, October 9th. US Capital Advisors set a $625.00 price target on shares of Dell Technologies in a report on Wednesday, September 2nd. Barclays cut shares of Dell Technologies from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $603.00 to $574.00 in a research report on Wednesday, October 14th. Daiwa Securities Group boosted their price objective on shares of Dell Technologies from $465.00 to $625.00 and gave the stock an “outperform” rating in a research note on Friday, September 18th. Finally, Cantor Fitzgerald began coverage on shares of Dell Technologies in a research report on Wednesday, September 2nd. They issued an “overweight” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $569.96.

Insider Activity

In related news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the sale, the director owned 64,209 shares of the company’s stock, valued at $33,217,884.06. The trade was a 58.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the business’s stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total value of $42,942,324.04. Following the completion of the sale, the director directly owned 73,185 shares in the company, valued at $37,861,527.90. This represents a 53.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,817,628 shares of company stock worth $990,253,476. 41.50% of the stock is owned by corporate insiders.

More Dell Technologies News

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

• Positive Sentiment: Dell’s reported $95 billion AI-server backlog and comparatively lower valuation were highlighted as advantages over Applied Digital, strengthening the investment case for Dell as AI infrastructure spending continues. DELL vs. APLD: Which AI-Infrastructure Stock Looks More Attractive?
• Positive Sentiment: Dell introduced new AI Factory hardware with NVIDIA, reinforcing its positioning as a supplier of complete AI computing systems and countering recent concerns about slowing enterprise demand. Dell Unveiled New AI Servers
• Positive Sentiment: Texas Athletics, Dell, Google Cloud and SHI International launched the Bevo Lab, an AI and analytics platform that expands Dell’s technology visibility in higher education and sports research. The deal is strategically positive but unlikely to materially affect near-term earnings. Texas Athletics and McCombs Launch Bevo Lab
• Neutral Sentiment: Dell rose alongside other AI-server stocks as the sector stabilized, although Hewlett Packard Enterprise outperformed Dell and Super Micro was little changed. The move suggests broader sector sentiment rather than a Dell-specific announcement. AI Server Peers Market Update
• Negative Sentiment: The previous session’s steep decline reflected profit-taking, technology-sector weakness and reported supply-chain concerns. Barclays’ recent downgrade, based partly on doubts about enterprise AI demand, continues to weigh on sentiment and may contribute to volatility. Dell Stock Drops in Tech Sell-Off

Dell Technologies Profile

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.