Congress Asset Management Co. reduced its position in Dell Technologies Inc. (NYSE:DELL – Free Report) by 3.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,101 shares of the technology company’s stock after selling 3,574 shares during the period. Congress Asset Management Co.’s holdings in Dell Technologies were worth $49,008,000 at the end of the most recent quarter.
Several other institutional investors have also added to or reduced their stakes in the company. Moody National Bank Trust Division purchased a new stake in shares of Dell Technologies during the 3rd quarter worth approximately $226,000. Bank of New Hampshire boosted its position in shares of Dell Technologies by 6.4% during the 3rd quarter. Bank of New Hampshire now owns 1,077 shares of the technology company’s stock valued at $579,000 after acquiring an additional 65 shares during the last quarter. Central Pacific Bank Trust Division grew its holdings in shares of Dell Technologies by 2,957.1% in the third quarter. Central Pacific Bank Trust Division now owns 428 shares of the technology company’s stock valued at $230,000 after purchasing an additional 414 shares in the last quarter. Baker Tilly Wealth Management LLC bought a new stake in Dell Technologies in the third quarter worth $206,000. Finally, Eastern Bank raised its stake in Dell Technologies by 38.0% during the third quarter. Eastern Bank now owns 6,200 shares of the technology company’s stock valued at $3,335,000 after purchasing an additional 1,706 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.
Dell Technologies Price Performance
Shares of DELL traded up $21.02 during mid-day trading on Tuesday, reaching $573.31. 5,385,788 shares of the company’s stock traded hands, compared to its average volume of 8,341,052. The stock’s 50-day moving average is $493.23 and its two-hundred day moving average is $371.03. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $595.51. The stock has a market cap of $364.51 billion, a P/E ratio of 33.27, a P/E/G ratio of 0.58 and a beta of 1.37.
Dell Technologies Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is 14.63%.
Wall Street Analysts Forecast Growth
A number of equities analysts have commented on DELL shares. US Capital Advisors set a $625.00 price objective on shares of Dell Technologies in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $565.00 to $635.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Barclays lifted their price target on Dell Technologies from $550.00 to $603.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Susquehanna reissued a “positive” rating on shares of Dell Technologies in a research note on Tuesday, September 29th. Finally, KeyCorp restated a “sector weight” rating on shares of Dell Technologies in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to MarketBeat, Dell Technologies presently has an average rating of “Moderate Buy” and a consensus price target of $571.12.
Get Our Latest Stock Analysis on DELL
Key Headlines Impacting Dell Technologies
Here are the key news stories impacting Dell Technologies this week:
- Positive Sentiment: Mizuho raised its price target on Dell to $650 from $600 and maintained an “outperform” rating, implying further upside and providing a near-term catalyst for the stock. Dell Technologies Stock Gets Price Target Bump from Mizuho
- Positive Sentiment: Dell’s AI Data Platform received new capabilities, including a knowledge graph for AI agents and faster Nvidia processing. The enhancements could strengthen Dell’s position in enterprise AI infrastructure and support additional customer spending. Dell’s AI Data Platform gets a knowledge graph for agents and faster Nvidia processing
- Positive Sentiment: Analyst coverage points to record AI-server demand, a reported $95 billion backlog, improving profitability, and sharply higher fiscal 2027 guidance. These factors suggest strong revenue visibility and are supporting the view that Dell’s recent rally may have additional fundamental backing. DELL Jumps 32% in 3 Months
- Positive Sentiment: Dell is participating in AI infrastructure initiatives in Japan with JERA and Rhaelm, while a separate Byos product is being offered with Dell factory integration. Such partnerships may broaden Dell’s exposure to specialized AI and edge-computing deployments. Jera, Dell Technologies, and Rhaelm team up in Japan
- Neutral Sentiment: Dell was among the companies receiving the most analyst attention in September, with multiple target increases. This reinforces favorable sentiment but may already be reflected in the stock’s strong recent performance. Stocks receiving analyst upgrades in September
- Negative Sentiment: Some valuation signals are less supportive: a reported average target of $569.12 is slightly below the current trading level, while another consensus target was listed at €519.86. These figures suggest expectations are becoming more demanding after the rally. Dell Technologies average target price
Insider Transactions at Dell Technologies
In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the business’s stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value of $47,176,751.94. Following the completion of the sale, the director directly owned 64,209 shares of the company’s stock, valued at $33,217,884.06. The trade was a 58.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the company’s stock in a transaction dated Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the completion of the transaction, the director owned 73,185 shares in the company, valued at $37,861,527.90. This represents a 53.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 1,906,193 shares of company stock worth $994,871,197. Company insiders own 41.50% of the company’s stock.
Dell Technologies Profile
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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