Dell Technologies Inc. $DELL Shares Sold by Pinnacle Associates Ltd.

Pinnacle Associates Ltd. trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL) by 21.7% in the 3rd quarter, Holdings Channel reports. The firm owned 17,003 shares of the technology company’s stock after selling 4,704 shares during the period. Pinnacle Associates Ltd.’s holdings in Dell Technologies were worth $9,147,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in DELL. Noble Wealth Management PBC lifted its holdings in Dell Technologies by 113.6% in the 3rd quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock valued at $25,000 after purchasing an additional 25 shares in the last quarter. Cornerstone Financial Management LLC boosted its stake in 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 during the last quarter. Premier Financial Group purchased a new stake in shares of Dell Technologies during the second quarter worth $34,000. Portus Wealth Advisors LLC purchased a new stake in shares of Dell Technologies during the first quarter worth $35,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies in the second quarter valued at about $38,000. 76.37% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Dell Technologies

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

Dell Technologies Stock Up 5.4%

DELL stock opened at $486.29 on Thursday. The business has a fifty day moving average of $514.95 and a two-hundred day moving average of $401.21. The stock 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 52-week low of $110.22 and a 52-week high of $595.51.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13. The business had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The company’s quarterly revenue was up 57.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.70 EPS. 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, sell-side analysts anticipate that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Dividend Announcement

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

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of the stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $586.40, for a total transaction of $1,055,520.00. Following the completion of the transaction, the director owned 1,404,569 shares of the company’s stock, valued at $823,639,261.60. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of Dell Technologies stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $582.30, for a total transaction of $14,845,156.20. Following the sale, the director owned 22,686 shares of the company’s stock, valued at approximately $13,210,057.80. This represents a 52.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,817,628 shares of company stock worth $990,253,476 in the last 90 days. Insiders own 41.50% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on DELL. Raymond James Financial raised their price target on shares of Dell Technologies from $500.00 to $617.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Daiwa Securities Group upped their price objective on shares of Dell Technologies from $465.00 to $625.00 and gave the company an “outperform” rating in a research note on Friday, September 18th. The Goldman Sachs Group reiterated a “buy” rating on shares of Dell Technologies in a report on Friday, October 9th. Susquehanna reissued a “positive” rating on shares of Dell Technologies in a research note on Tuesday, September 29th. Finally, JPMorgan Chase & Co. boosted their target price on Dell Technologies from $565.00 to $635.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $569.96.

Dell Technologies Profile

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.