Sanders Morris Harris LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL – Free Report) in the 3rd quarter, HoldingsChannel.com reports. The fund acquired 3,700 shares of the technology company’s stock, valued at approximately $2,028,000.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Three Magnolias Financial Advisors LLC bought a new position in shares of Dell Technologies in the third quarter worth $215,000. N10 Wealth LLC bought a new stake in shares of Dell Technologies during the third quarter valued at about $1,162,000. Israel Discount Bank of New York bought a new stake in shares of Dell Technologies during the third quarter valued at about $247,000. First Citizens Bank & Trust Co. raised its stake in shares of Dell Technologies by 305.6% during the third quarter. First Citizens Bank & Trust Co. now owns 5,273 shares of the technology company’s stock valued at $2,837,000 after purchasing an additional 3,973 shares in the last quarter. Finally, Liberty Atlantic Advisors LLC lifted its holdings in Dell Technologies by 8.2% in the third quarter. Liberty Atlantic Advisors LLC now owns 525 shares of the technology company’s stock worth $282,000 after purchasing an additional 40 shares during the period. 76.37% of the stock is owned by institutional investors.
Key Stories Impacting Dell Technologies
Here are the key news stories impacting Dell Technologies this week:
- Positive Sentiment: Dell is participating in Honeywell Technologies’ new Forge Cognition platform alongside NVIDIA. The partnership could expand demand for Dell infrastructure in building-management and industrial AI applications. Honeywell launches Forge Cognition AI platform
- Positive Sentiment: CEO Michael Dell continues to forecast strong AI infrastructure demand and warned that memory constraints could persist until new manufacturing capacity arrives around 2029 or 2030. Prolonged shortages may indicate sustained server demand, although they could also increase costs. Michael Dell warns memory shortage could be a four-year problem
- Neutral Sentiment: Dell and Accenture established a new business group to market private and agentic AI solutions, combining Dell’s infrastructure with Accenture’s consulting and implementation services. The initiative supports Dell’s long-term AI strategy, but its near-term revenue impact remains uncertain. Dell expands its enterprise AI push
- Negative Sentiment: Barclays downgraded DELL to Equal Weight from Overweight and lowered its price target to $574, arguing that the stock’s valuation has risen too far and that there is not yet a meaningful enterprise-AI demand inflection. The downgrade also affected Hewlett Packard Enterprise and NetApp, triggering broader weakness in data-center hardware shares. Dell stock plunges after Barclays downgrade
- Negative Sentiment: Several Silver Lake-affiliated entities disclosed substantial October 9 sales, collectively reducing their holdings by more than 119,000 shares; some positions were cut by roughly 50% or more. The transactions may reinforce profit-taking concerns after Dell’s sharp run-up, though they do not necessarily reflect operating weakness. Dell SEC insider ownership filing
Dell Technologies Trading Down 11.6%
Dell Technologies (NYSE:DELL – Get Free Report) last issued 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 firm had revenue of $46.97 billion for the quarter, compared to analysts’ expectations of $44.89 billion. During the same period in the previous year, the business earned $1.70 earnings per share. Dell Technologies’s revenue for the quarter was up 57.7% compared to the same quarter last year. 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. Analysts forecast that Dell Technologies Inc. will post 25.13 earnings per share for the current year.
Dell Technologies Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.5%. Dell Technologies’s payout ratio is currently 14.63%.
Insiders Place Their Bets
In related news, Director Spv-2 L.P. Sl sold 44,408 shares of the firm’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $582.30, for a total transaction of $25,858,778.40. Following the completion of the sale, the director directly owned 43,740 shares in the company, valued at approximately $25,469,802. This trade represents a 50.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Egon Durban sold 1,850 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $548.40, for a total value of $1,014,540.00. Following the sale, the director owned 1,405,236 shares in the company, valued at approximately $770,631,422.40. The trade was a 0.13% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 1,817,628 shares of company stock worth $990,253,476. Company insiders own 41.50% of the company’s stock.
Analyst Upgrades and Downgrades
DELL has been the subject of a number of recent analyst reports. Sanford C. Bernstein increased their target price on shares of Dell Technologies from $500.00 to $650.00 and gave the company an “outperform” rating in a research report on Wednesday, September 2nd. Melius Research raised their target price on shares of Dell Technologies from $650.00 to $735.00 and gave the company a “buy” rating in a research note on Wednesday, September 2nd. Wells Fargo & Company boosted their price target on shares of Dell Technologies from $505.00 to $545.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Daiwa Securities Group upped their price target 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, UBS Group reiterated an “outperform” rating on shares of Dell Technologies in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $569.96.
Get Our Latest Analysis on Dell Technologies
About Dell Technologies
Dell Technologies Inc (NYSE: DELL) is a global technology company that develops, sells and supports information technology hardware, software and services. Its offerings include personal computers, workstations, monitors, accessories and other client devices, as well as enterprise infrastructure products such as servers, storage systems, networking equipment and data protection solutions.
The company also provides technology consulting, support, managed services and infrastructure solutions designed to help organizations operate data centers, private and hybrid clouds, artificial intelligence workloads and digital workplaces.
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