3,242 Dell Technologies Inc. $DELL Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management reduced its Dell Technologies stake by 30.8%, selling 3,242 shares in the third quarter and retaining 7,288 shares valued at approximately $3.9 million.
• Institutional ownership remains substantial at 76.37%, with several major investors—including Wellington Management and Robeco—adding to their Dell positions.
• Dell’s investment outlook is supported by strong AI-infrastructure demand and better-than-expected quarterly results, while supply-chain constraints, analyst downgrades, and profit-taking remain risks. Analysts collectively rate the stock a “Moderate Buy” with an average target price of $569.96.

Axxcess Wealth Management LLC cut its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 30.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,288 shares of the technology company's stock after selling 3,242 shares during the period. Axxcess Wealth Management LLC's holdings in Dell Technologies were worth $3,921,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bank of America Corp DE increased its position in shares of 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 worth $2,362,624,000 after acquiring an additional 1,011,101 shares in the last quarter. Wellington Management Group LLP raised its holdings in shares of Dell Technologies by 140.1% during 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 acquiring an additional 1,474,347 shares during the period. Robeco Institutional Asset Management B.V. raised its holdings in shares of 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 worth $350,288,000 after acquiring an additional 337,836 shares during the period. NewEdge Advisors LLC lifted its position in Dell Technologies by 5.0% in the 2nd quarter. NewEdge Advisors LLC now owns 480,589 shares of the technology company's stock valued at $207,355,000 after acquiring an additional 22,924 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Dell Technologies by 3.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company's stock valued at $157,869,000 after acquiring an additional 27,668 shares in the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Key Headlines 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 Ratings Changes

A number of brokerages recently weighed in on DELL. Morgan Stanley upped their target price on shares of Dell Technologies from $499.00 to $511.00 and gave the stock an "equal weight" rating in a research note on Monday, September 21st. The Goldman Sachs Group reissued a "buy" rating on shares of Dell Technologies in a research note on Friday, October 9th. Raymond James Financial boosted their price target on Dell Technologies from $500.00 to $617.00 and gave the company an "outperform" rating in a report on Wednesday, September 2nd. Cantor Fitzgerald began coverage on Dell Technologies in a research report on Wednesday, September 2nd. They set an "overweight" rating for the company. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Dell Technologies in a research report on Wednesday, September 2nd. One investment 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. According to MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and an average target price of $569.96.

Dell Technologies Price Performance

Shares of NYSE DELL opened at $452.14 on Friday. The business has a 50-day moving average of $514.10 and a 200-day moving average of $403.17. The stock has a market capitalization of $287.48 billion, a price-to-earnings ratio of 28.00, a PEG ratio of 0.50 and a beta of 1.37. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $595.51.

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

Dell Technologies Announces Dividend

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

Insider Activity at Dell Technologies

In other news, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of the company's stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $582.30, for a total value of $14,845,156.20. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Egon Durban sold 1,850 shares of Dell Technologies stock in a transaction that occurred 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 sale, the director directly owned 1,405,236 shares of the company's stock, valued at approximately $770,631,422.40. The trade was 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 1,817,628 shares of company stock valued at $990,253,476. Insiders own 41.50% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.