Dell Technologies Inc. $DELL Stock: Howard Capital Management LLC Trims Stake

Howard Capital Management LLC trimmed its position in Dell Technologies Inc. (NYSE:DELL) by 82.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,716 shares of the technology company’s stock after selling 8,252 shares during the quarter. Howard Capital Management LLC’s holdings in Dell Technologies were worth $923,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its position in shares of Dell Technologies by 7.6% in the first quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock valued at $2,362,624,000 after acquiring an additional 1,011,101 shares during the period. Wellington Management Group LLP grew its stake in shares of Dell Technologies by 140.1% in the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock valued at $1,090,294,000 after acquiring an additional 1,474,347 shares in the last quarter. NewEdge Advisors LLC increased its position in Dell Technologies by 5.0% during the second quarter. NewEdge Advisors LLC now owns 480,589 shares of the technology company’s stock worth $207,355,000 after acquiring an additional 22,924 shares during the period. Dimensional Fund Advisors LP increased its position in Dell Technologies by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company’s stock worth $157,869,000 after acquiring an additional 27,668 shares during the period. Finally, Swiss National Bank increased its position in Dell Technologies by 4.7% during the first quarter. Swiss National Bank now owns 931,008 shares of the technology company’s stock worth $152,806,000 after acquiring an additional 41,700 shares during the period. Institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of Dell Technologies stock in a transaction that occurred on 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 transaction, the director directly owned 64,209 shares of the company’s stock, valued at $33,217,884.06. This trade represents a 58.68% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the business’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the transaction, the director owned 73,185 shares of the company’s stock, valued at approximately $37,861,527.90. This represents a 53.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,817,628 shares of company stock valued at $990,253,476 over the last 90 days. Corporate insiders own 41.50% of the company’s stock.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: Dell was selected as a core AI infrastructure partner for Honeywell’s Forge Cognition platform, alongside NVIDIA. The partnership could expand Dell’s enterprise and industrial AI exposure through deployments at data centers and edge locations. Dell Lands Core AI Infrastructure Role in New Industrial Platform
• Positive Sentiment: Commentary continues to point to strong AI-server demand and a record backlog. CEO Michael Dell’s expectation that memory shortages could persist for several years underscores the scale of AI infrastructure demand, although it also creates supply and cost risks. Michael Dell Warns Memory Shortage Could Be a Four-Year Problem
• Neutral Sentiment: Dell says its just-in-time manufacturing and customer-funded model could reduce inventory and balance-sheet exposure if AI spending slows. The strategy may limit downside in a downturn, but it also signals that investors are increasingly focused on the possibility of an AI investment slowdown. Michael Dell Has Tips to Beat an AI Bust
• Negative Sentiment: Barclays downgraded Dell to Equal Weight from Overweight, arguing that the stock’s valuation has risen sharply while evidence of a broad enterprise-AI spending inflection remains limited. The downgrade contributed to continued selling after Dell’s major rally. Barclays Downgrades Dell Technologies
• Negative Sentiment: Investors are questioning whether AI-server revenue growth is being driven by durable demand or elevated memory and component prices. Higher costs could pressure margins and reduce the earnings benefit of rising sales. Dell Stock’s Stellar Year Hits a Snag
• Negative Sentiment: AI hardware stocks broadly weakened amid concerns about how customers are financing massive infrastructure projects, while hotter inflation increased pressure on high-growth technology valuations. Dell’s recent insider sales added another source of investor caution. AI Financing Worries Extend Hardware Selloff

Dell Technologies Stock Performance

Shares of NYSE DELL opened at $450.68 on Friday. The stock has a market capitalization of $286.55 billion, a P/E ratio of 26.16, a PEG ratio of 0.47 and a beta of 1.37. The stock’s fifty day moving average is $514.56 and its 200 day moving average is $393.30. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $595.51.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, topping the consensus estimate of $4.91 by $2.13. The business had revenue of $46.97 billion during 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%. Dell Technologies’s revenue was up 57.7% compared to the same quarter last year. During the same quarter 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. Equities research analysts forecast that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

The company 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 $0.63 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies’s payout ratio is presently 14.63%.

Analyst Ratings Changes

Several analysts have weighed in on DELL shares. Daiwa Securities Group lifted 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. JPMorgan Chase & Co. increased their target price on shares of Dell Technologies from $565.00 to $635.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Dell Technologies in a report on Thursday, September 3rd. They set a “hold” rating and a $480.00 target price on the stock. Cantor Fitzgerald initiated coverage on shares of Dell Technologies in a research report on Wednesday, September 2nd. They issued an “overweight” rating for the company. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Dell Technologies in a research note on Wednesday, August 12th. One research 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. Based on data from MarketBeat, Dell Technologies has an average rating of “Moderate Buy” and a consensus target price of $569.96.

About Dell Technologies

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.