Dell Technologies Inc. $DELL Shares Sold by Foster Victor Wealth Advisors LLC

Foster Victor Wealth Advisors LLC trimmed its stake in Dell Technologies Inc. (NYSE:DELL – Free Report) by 45.7% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 21,313 shares of the technology company’s stock after selling 17,925 shares during the period. Foster Victor Wealth Advisors LLC’s holdings in Dell Technologies were worth $11,465,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Noble Wealth Management PBC raised its holdings in Dell Technologies by 113.6% during the 3rd quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock valued at $25,000 after buying an additional 25 shares during the period. Cornerstone Financial Management LLC lifted its position in Dell Technologies by 56.1% in the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock worth $28,000 after buying an additional 23 shares during the last quarter. Premier Financial Group bought a new stake in Dell Technologies in the second quarter worth $34,000. Byrne Asset Management LLC bought a new stake in Dell Technologies in the second quarter worth $38,000. Finally, Retirement Wealth Solutions LLC boosted its stake in Dell Technologies by 41.3% during the third quarter. Retirement Wealth Solutions LLC now owns 89 shares of the technology company’s stock worth $48,000 after buying an additional 26 shares during the period. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies News Summary

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

  • Positive Sentiment: Super Micro’s stronger outlook lifted the AI-server group. Super Micro raised its preliminary fiscal first-quarter revenue forecast to $18.5 billion-$19.5 billion, approximately $4 billion above its prior midpoint, and projected gross margins of 12%-12.5%. The update provided fresh evidence of robust AI infrastructure demand and supported Dell and other server makers. Why Is Dell Stock Surging Wednesday?
  • Positive Sentiment: Dell expanded its AI Factory platform with NVIDIA. New offerings span deskside agentic-AI systems, workstations and data-center infrastructure designed to help enterprises move AI from testing into production. Dell said its AI Factory customer base has grown to more than 6,500 from 5,000 in the prior quarter, strengthening the investment case for its AI-server backlog and ecosystem. Dell Technologies Advances Enterprise Agentic AI from the Deskside to Data Center with NVIDIA
  • Positive Sentiment: Management emphasized supply availability as a competitive advantage. Dell said that, in the tight AI market, access to components and delivery capacity may matter more than price, suggesting demand remains strong enough for customers to prioritize timely deployment. In a tight AI market, Dell says supply matters more than price
  • Positive Sentiment: Dell reportedly raised its dividend by 20% for the fourth consecutive year, adding to shareholder-return support and signaling confidence in cash generation. Dell Technologies raises its dividend 20% for the fourth year running
  • Neutral Sentiment: Former Dell CFO Yvonne McGill joined Sourceability’s board. The appointment highlights her industry experience but has limited direct financial impact on Dell. Sourceability Appoints Yvonne McGill to Its Board
  • Negative Sentiment: Barclays recently downgraded Dell, arguing that its valuation has outpaced the pace of enterprise AI adoption. Investors also remain concerned about memory and other component shortages, as well as debt risks among AI infrastructure customers such as CoreWeave. Dell Stock Got Hit by a Downgrade

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. boosted their price objective 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. Citigroup raised their target price on shares of Dell Technologies from $515.00 to $600.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. UBS Group reaffirmed an “outperform” rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. Susquehanna reiterated a “positive” rating on shares of Dell Technologies in a report on Tuesday, September 29th. Finally, The Goldman Sachs Group reiterated a “buy” rating on shares of Dell Technologies in a report on Friday, October 9th. 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $569.96.

Read Our Latest Report on DELL

Insider Buying and Selling

In other news, Director Spv-2 L.P. Sl sold 44,408 shares of Dell Technologies 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 owned 43,740 shares of the company’s stock, valued at approximately $25,469,802. The trade was a 50.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Egon Durban sold 1,850 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $548.40, for a total value of $1,014,540.00. Following the completion of the sale, the director owned 1,405,236 shares of the company’s stock, valued at $770,631,422.40. The trade was a 0.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 1,817,628 shares of company stock worth $990,253,476 over the last 90 days. Corporate insiders own 41.50% of the company’s stock.

Dell Technologies Trading Up 5.4%

NYSE:DELL opened at $486.29 on Thursday. The company has a market cap of $309.19 billion, a price-to-earnings ratio of 28.22, a price-to-earnings-growth ratio of 0.48 and a beta of 1.37. Dell Technologies Inc. has a twelve month low of $110.22 and a twelve month high of $595.51. The stock has a fifty day simple moving average of $514.95 and a 200-day simple moving average of $401.21.

Dell Technologies (NYSE:DELL – Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, topping analysts’ consensus estimates of $4.91 by $2.13. The firm had revenue of $46.97 billion for the quarter, compared to analysts’ expectations of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The business’s revenue for the quarter was up 57.7% on a year-over-year basis. During the same period in the prior year, the business posted $1.70 earnings per share. 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. As a group, equities research analysts predict that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be given a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies’s payout ratio is 14.63%.

Dell Technologies Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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