Dell Technologies Inc. $DELL Shares Sold by Aberdeen Group plc

Aberdeen Group plc reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 335,045 shares of the technology company’s stock after selling 15,733 shares during the quarter. Aberdeen Group plc’s holdings in Dell Technologies were worth $180,237,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of DELL. Noble Wealth Management PBC increased its holdings in shares of Dell Technologies by 113.6% during the 3rd quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock worth $25,000 after purchasing an additional 25 shares during the period. Cornerstone Financial Management LLC grew its holdings in shares of Dell Technologies by 56.1% during the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock worth $28,000 after purchasing an additional 23 shares in the last quarter. NBH Bank acquired a new position in shares of Dell Technologies in the third quarter valued at $37,000. Premier Financial Group acquired a new position in shares of Dell Technologies in the second quarter valued at $34,000. Finally, Byrne Asset Management LLC bought a new position in Dell Technologies in the second quarter worth $38,000. 76.37% of the stock is owned by institutional investors.

Insider Transactions at Dell Technologies

In related news, Director Spv-2 L.P. Sl sold 83,006 shares of the business’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value of $42,942,324.04. Following the sale, the director directly owned 73,185 shares of the company’s stock, valued at approximately $37,861,527.90. The trade was a 53.14% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the company’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 value of $47,176,751.94. Following the transaction, the director directly owned 64,209 shares of the company’s stock, valued at approximately $33,217,884.06. This trade represents a 58.68% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,819,650 shares of company stock valued at $991,183,596. Insiders own 41.50% of the company’s stock.

Dell Technologies Stock Performance

DELL opened at $344.32 on Friday. The firm’s fifty day moving average is $493.45 and its two-hundred day moving average is $342.40. The firm has a market cap of $218.92 billion, a PE ratio of 21.39, a price-to-earnings-growth ratio of 0.38 and a beta of 1.45. Dell Technologies Inc. has a twelve month low of $110.22 and a twelve month high of $595.51.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same quarter in the previous year, the business earned $1.70 EPS. The firm’s 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. Equities analysts forecast that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were issued a dividend of $0.63 per share. The ex-dividend date was Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.7%. Dell Technologies’s payout ratio is currently 14.63%.

Dell Technologies News Roundup

Here’s some of the latest news about DELL:

• Positive Sentiment: The University of Alabama plans to establish a high-performance computing center using Dell HPC, AI and data infrastructure, providing a customer deployment that highlights demand for Dell’s solutions. Article: Dell infrastructure deployment at the University of Alabama
• Neutral Sentiment: Coverage of Dell’s planned Austin campus renovation reports a $12 million project; the articles provide no clear indication of a material near-term effect on earnings. Article: Austin campus renovation
• Negative Sentiment: Investors are selling AI-hardware and server stocks amid reports of turmoil around Nvidia CEO Jensen Huang. The concerns have weighed on Dell alongside peers, despite forecasts for a large AI-server market. Article: Dell and AI hardware selloff

Wall Street Analyst Weigh In

Several analysts have recently weighed in on DELL shares. Weiss Ratings lowered shares of Dell Technologies from a “buy (b)” rating to a “buy (b-)” rating in a research report on Tuesday, November 3rd. KeyCorp restated a “sector weight” rating on shares of Dell Technologies in a research report on Wednesday, September 2nd. Bank of America boosted their price target on Dell Technologies from $505.00 to $600.00 and gave the company a “buy” rating in a research note on Monday, August 31st. Mizuho lifted their price objective on Dell Technologies from $600.00 to $650.00 and gave the company an “outperform” rating in a report on Tuesday, October 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $558.00 target price (up from $497.00) 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 given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $569.96.

About Dell Technologies

Dell Technologies is a global technology company that develops, sells and supports computers and related infrastructure. Its products include personal computers, workstations, monitors and peripherals, as well as servers, storage systems and networking equipment for businesses and other organizations. The company also provides technology services and solutions, including support, consulting and offerings related to cloud computing, data management and cybersecurity. Dell serves consumers, businesses, governments and other institutions in markets around the world.