10,211 Dell Technologies Inc. $DELL Shares Sold by Brookstone Capital Management

Key Points

• Brookstone Capital Management cut its Dell stake by 18.7% in the third quarter, selling 10,211 shares and retaining 44,464 shares valued at approximately $23.9 million. Institutional investors collectively own 76.37% of Dell.
• Dell continues to benefit from strong AI-infrastructure demand: its AI Factory with NVIDIA now serves more than 6,500 customers, while the latest quarter beat earnings and revenue estimates with 57.7% year-over-year revenue growth.
• Despite a “Moderate Buy” analyst consensus and a $569.96 average price target, Dell faces risks from profit-taking, technology-sector weakness, supply constraints and concerns about the sustainability of AI spending. Shares recently traded at $452.14, well below their 52-week high of $595.51.

Brookstone Capital Management decreased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 18.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 44,464 shares of the technology company's stock after selling 10,211 shares during the quarter. Brookstone Capital Management's holdings in Dell Technologies were worth $23,920,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Wellington Management Group LLP lifted its position 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 worth $1,090,294,000 after purchasing an additional 1,474,347 shares in the last quarter. Bank of America Corp DE grew its position in Dell Technologies by 7.6% during 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 purchasing an additional 1,011,101 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its position in Dell Technologies by 107.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 651,154 shares of the technology company's stock valued at $350,288,000 after purchasing an additional 337,836 shares in the last quarter. Renaissance Technologies LLC increased its stake in Dell Technologies by 70.2% in the 1st quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company's stock valued at $118,432,000 after buying an additional 297,500 shares during the period. Finally, Quantinno Capital Management LP increased its stake in Dell Technologies by 73.4% in the 1st quarter. Quantinno Capital Management LP now owns 438,347 shares of the technology company's stock valued at $71,946,000 after buying an additional 185,527 shares during the period. Institutional investors own 76.37% of the company's stock.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell expanded its AI Factory with NVIDIA, adding enterprise agentic-AI solutions for deskside and data-center deployments. Dell said its customer base for the platform has grown to more than 6,500, up from 5,000 the prior quarter, supporting expectations for continued AI-server demand. Dell Technologies Advances Enterprise Agentic AI from the Deskside to Data Center with NVIDIA
• Positive Sentiment: Super Micro Computer’s stronger preliminary outlook provided fresh evidence of robust enterprise demand for AI infrastructure and temporarily lifted Dell and other server makers. Super Micro raised its quarterly revenue outlook by roughly $4 billion at the midpoint and increased its gross-margin forecast. Why are Dell and HPE stocks rising in premarket trading on Wednesday?
• Positive Sentiment: Dell reportedly raised its dividend by 20% for the fourth consecutive year, reinforcing its shareholder-return profile. Dell Technologies raises its dividend 20% for the fourth year running
• Neutral Sentiment: Dell announced that General Counsel Richard Rothberg will retire in 2027 and Christopher Garcia will succeed him. The planned transition is unlikely to materially affect near-term earnings but adds a management-change consideration. Dell Technologies Announces General Counsel Transition
• Negative Sentiment: Profit-taking and a broader technology-sector sell-off pressured Dell after its recent rally. Investors also focused on supply-chain concerns that could limit the company’s ability to fulfill AI-server orders or constrain margins. Dell Stock Drops in Tech Sell-Off
• Negative Sentiment: Analyst downgrades affecting Dell and Hewlett Packard Enterprise, partly tied to concerns about heavily leveraged neocloud customers such as CoreWeave, raised questions about the durability of AI infrastructure spending. Dell’s valuation also leaves the stock more exposed to profit-taking if growth expectations moderate. Dell Stock Got Hit by a Downgrade

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on DELL shares. Wells Fargo & Company raised their price objective 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. Fox Advisors raised shares of Dell Technologies from an "equal weight" rating to an "overweight" rating and set a $625.00 price objective for the company in a research note on Wednesday, September 2nd. Barclays cut shares of Dell Technologies from an "overweight" rating to an "equal weight" rating and decreased their price objective for the stock from $603.00 to $574.00 in a report on Wednesday, October 14th. Weiss Ratings reissued a "buy (b)" rating on shares of Dell Technologies in a research report on Wednesday, August 12th. Finally, Evercore restated an "outperform" rating and set a $650.00 target price on shares of Dell Technologies in a report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $569.96.

Insider Activity at Dell Technologies

In related news, Director Egon Durban sold 1,850 shares of the firm's stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $548.40, for a total value of $1,014,540.00. Following the completion of the transaction, the director directly owned 1,405,236 shares of the company's stock, valued at $770,631,422.40. This trade represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of Dell Technologies stock in a transaction on Friday, October 9th. The stock was 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 in the company, valued at $13,210,057.80. This represents a 52.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,817,628 shares of company stock worth $990,253,476 in the last three months. Company insiders own 41.50% of the company's stock.

Dell Technologies Price Performance

NYSE DELL opened at $452.14 on Friday. The firm has a market capitalization of $287.48 billion, a price-to-earnings ratio of 26.24, a P/E/G ratio of 0.50 and a beta of 1.37. The company's fifty day moving average is $514.10 and its two-hundred day moving average is $403.17. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $595.51.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating analysts' consensus estimates 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 business had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same quarter in the prior year, the business earned $1.70 earnings per share. The firm's revenue for the quarter 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. As a group, sell-side analysts expect that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies's dividend payout ratio (DPR) is presently 14.63%.

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.

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