20,000 Dell Technologies Inc. $DELL Shares Sold by Viking Fund Management LLC

Key Points

• Viking Fund Management cut its Dell Technologies stake by 51.3%, selling 20,000 shares in the third quarter and retaining 19,000 shares valued at approximately $10.2 million.
• Institutional ownership remains high at 76.37%, while several major investors increased their positions. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $569.96.
• Dell reported strong quarterly results, with revenue up 57.7% year over year to $46.97 billion and EPS of $7.04, exceeding estimates. The company also declared a quarterly dividend of $0.63 per share, a 0.5% yield.

Viking Fund Management LLC reduced its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 51.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,000 shares of the technology company's stock after selling 20,000 shares during the period. Viking Fund Management LLC's holdings in Dell Technologies were worth $10,221,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of DELL. Wellington Management Group LLP boosted its stake in 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 during the last quarter. Bank of America Corp DE grew its holdings 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 period. Auto Owners Insurance Co raised its position in shares of Dell Technologies by 12,488.0% during the 4th quarter. Auto Owners Insurance Co now owns 522,024 shares of the technology company's stock valued at $6,571,000 after acquiring an additional 517,877 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Dell Technologies by 70.2% during the 1st quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company's stock valued at $118,432,000 after acquiring an additional 297,500 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its stake in shares of 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 purchasing an additional 185,527 shares during the period. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on DELL. Bank of America raised their price target on Dell Technologies from $505.00 to $600.00 and gave the stock a "buy" rating in a research report on Monday, August 31st. Wells Fargo & Company lifted their price objective on Dell Technologies from $505.00 to $545.00 and gave the stock an "overweight" rating in a research note on Friday, August 14th. Evercore reiterated an "outperform" rating and issued a $650.00 price objective on shares of Dell Technologies in a report on Wednesday, September 9th. UBS Group reiterated an "outperform" rating on shares of Dell Technologies in a report on Wednesday, September 2nd. Finally, Melius Research increased their target price on Dell Technologies from $650.00 to $735.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $569.96.

Insider Activity at Dell Technologies

In related news, Director Spv-2 L.P. Sl sold 83,006 shares of the stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the completion of the sale, the director directly owned 73,185 shares of the company's stock, valued at approximately $37,861,527.90. This represents a 53.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm'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 transaction of $47,176,751.94. Following the sale, the director owned 64,209 shares in the company, valued at $33,217,884.06. This trade represents a 58.68% 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 quarter. 41.50% of the stock is owned by insiders.

Dell Technologies News Summary

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

• Positive Sentiment: Dell is participating in Honeywell’s new Forge Cognition platform with NVIDIA, supplying technology for agentic AI applications in buildings, campuses and industrial facilities. The partnership expands Dell’s potential enterprise-AI opportunity beyond hyperscale data centers. Honeywell launches Forge Cognition with NVIDIA and Dell
• Positive Sentiment: CEO Michael Dell said AI demand could keep memory and semiconductor supplies constrained through 2029 or 2030. Persistent supply tightness could support long-term demand for Dell’s AI servers and infrastructure, although it may also increase costs. Michael Dell warns memory shortage could be a four-year problem
• Neutral Sentiment: Silver Lake-related entities disclosed multiple sales of Dell shares executed October 9 at roughly $582 per share. The transactions reduced several positions substantially, but the entities retained significant holdings and the sales may represent portfolio management rather than a change in Dell’s fundamentals. SEC ownership filing
• Negative Sentiment: Barclays downgraded Dell to Equal Weight from Overweight and set a $574 price target, citing elevated valuation and no “meaningful” enterprise-AI demand inflection yet. The downgrade triggered a sharp reassessment after Dell’s substantial rally. Dell stock plunges after Barclays downgrade
• Negative Sentiment: Investors are questioning whether Dell’s AI-server backlog reflects durable customer demand or is being amplified by higher memory and component prices. Rising costs and an AI-heavy product mix could pressure margins even if revenue remains strong. Why Dell was one of the S&P 500’s biggest laggards
• Negative Sentiment: A hotter inflation reading increased concerns about tighter Federal Reserve policy, intensifying selling across high-growth technology and AI stocks, including Dell. AI stocks drop after hot inflation report

Dell Technologies Trading Down 11.6%

DELL stock opened at $506.21 on Thursday. The business's 50-day moving average price is $513.95 and its two-hundred day moving average price is $390.78. The firm has a market cap of $321.85 billion, a PE ratio of 29.38, a P/E/G ratio of 0.59 and a beta of 1.37. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $595.51.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $46.97 billion during the quarter, compared to analysts' expectations of $44.89 billion. During the same period in the previous year, the firm earned $1.70 earnings per share. The company'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. On average, analysts forecast that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm 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 0.5%. The ex-dividend date is Tuesday, October 20th. Dell Technologies's payout ratio is 14.63%.

Dell Technologies Profile

Dell Technologies Inc NYSE: DELL is a global technology company that develops, sells and supports information technology hardware, software and services. Its offerings include personal computers, workstations, monitors, accessories and other client devices, as well as enterprise infrastructure products such as servers, storage systems, networking equipment and data protection solutions.

The company also provides technology consulting, support, managed services and infrastructure solutions designed to help organizations operate data centers, private and hybrid clouds, artificial intelligence workloads and digital workplaces.

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