Dell Technologies Inc. $DELL Stock: Eurizon Capital SGR S.p.A. Decreases Stake

Eurizon Capital SGR S.p.A. cut its position in shares of Dell Technologies Inc. (NYSE:DELL) by 16.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 153,354 shares of the technology company’s stock after selling 29,121 shares during the quarter. Eurizon Capital SGR S.p.A.’s holdings in Dell Technologies were worth $82,692,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE boosted its position in Dell Technologies by 7.6% during the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock worth $2,362,624,000 after acquiring an additional 1,011,101 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of Dell Technologies by 140.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock worth $1,090,294,000 after acquiring an additional 1,474,347 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Dell Technologies by 107.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 651,154 shares of the technology company’s stock worth $350,288,000 after acquiring an additional 337,836 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Dell Technologies by 5.0% in the second quarter. NewEdge Advisors LLC now owns 480,589 shares of the technology company’s stock valued at $207,355,000 after purchasing an additional 22,924 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Dell Technologies by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company’s stock valued at $157,869,000 after purchasing an additional 27,668 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Stock Down 0.5%

NYSE:DELL opened at $371.83 on Friday. Dell Technologies Inc. has a twelve month low of $110.22 and a twelve month high of $595.51. The firm has a market capitalization of $236.41 billion, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 0.39 and a beta of 1.45. The stock’s 50 day moving average price is $496.81 and its two-hundred day moving average price is $341.25.

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

Dell Technologies Announces Dividend

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

Dell Technologies News Summary

Investors following DELL have been watching these news items:

• Positive Sentiment: Dell and KIOXIA introduced a high-capacity 157-petabyte storage rack, while Dell also launched an AMD-powered AI coding platform—products aimed at enterprise data-center and AI workloads. Why Is Dell Technologies (DELL) Talking Up 157 PB Storage And AI Racks?
• Neutral Sentiment: Dell plans a $12 million renovation at its Austin campus. The coverage offered no clear indication of a material effect on earnings or operations. Texas Tech giant plans $12M renovation at Austin campus
• Negative Sentiment: Concerns about weaker PC demand and rising costs remain risks, tempering the positive AI backlog outlook. Dell Has a $95 Billion AI Server Backlog. Is the Stock a Buy?

Analysts Set New Price Targets

Several brokerages recently commented on DELL. Weiss Ratings cut shares of Dell Technologies from a “buy (b)” rating to a “buy (b-)” rating in a report on Tuesday, November 3rd. Wells Fargo & Company raised their target price on shares of Dell Technologies from $505.00 to $545.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Piper Sandler reiterated an “overweight” rating and issued a $558.00 price target (up from $497.00) on shares of Dell Technologies in a research note on Wednesday, September 2nd. JPMorgan Chase & Co. boosted their price target 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. Finally, Cantor Fitzgerald assumed coverage on shares of Dell Technologies in a research note on Wednesday, September 2nd. They set an “overweight” rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $569.96.

Insider Transactions at Dell Technologies

In other news, 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 value of $14,845,156.20. Following the completion of the transaction, the director owned 22,686 shares of the company’s stock, valued at $13,210,057.80. This trade represents a 52.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Egon Durban sold 1,850 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $548.40, for a total transaction of $1,014,540.00. Following the transaction, the director owned 1,405,236 shares in the company, valued at $770,631,422.40. This represents a 0.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 1,819,650 shares of company stock valued at $991,183,596. 41.50% of the stock is owned by company insiders.

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.