3,574 Dell Technologies Inc. $DELL Shares Sold by Congress Asset Management Co.

Key Points

• Congress Asset Management reduced its Dell Technologies stake by 3.8%, selling 3,574 shares and retaining 91,101 shares valued at approximately $49.0 million. Institutional investors collectively own 76.37% of Dell.
• Dell reported quarterly earnings of $7.04 per share on $46.97 billion in revenue, exceeding analyst expectations, while revenue rose 57.7% year over year.
• The stock recently traded at $573.31, near its 12-month high, and analysts maintain a “Moderate Buy” consensus with an average price target of $571.12. Dell also declared a quarterly dividend of $0.63 per share.

Congress Asset Management Co. decreased its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 3.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,101 shares of the technology company's stock after selling 3,574 shares during the quarter. Congress Asset Management Co.'s holdings in Dell Technologies were worth $49,008,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of DELL. Collective Family Office LLC increased its position in shares of Dell Technologies by 1.5% during the 3rd quarter. Collective Family Office LLC now owns 1,299 shares of the technology company's stock valued at $699,000 after purchasing an additional 19 shares during the last quarter. Cornerstone Financial Management LLC boosted its holdings in shares of Dell Technologies by 56.1% in the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company's stock worth $28,000 after buying an additional 23 shares during the last quarter. Noble Wealth Management PBC grew its position in Dell Technologies by 113.6% during the third quarter. Noble Wealth Management PBC now owns 47 shares of the technology company's stock valued at $25,000 after buying an additional 25 shares during the period. Triumph Capital Management grew its position in Dell Technologies by 2.3% during the second quarter. Triumph Capital Management now owns 1,405 shares of the technology company's stock valued at $606,000 after buying an additional 32 shares during the period. Finally, Rockland Trust Co. increased its holdings in Dell Technologies by 3.6% during the third quarter. Rockland Trust Co. now owns 1,018 shares of the technology company's stock valued at $548,000 after buying an additional 35 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Dell Technologies Stock Performance

Shares of NYSE DELL traded up $21.02 during midday trading on Tuesday, reaching $573.31. The stock had a trading volume of 5,385,788 shares, compared to its average volume of 8,341,052. The company has a market capitalization of $364.51 billion, a price-to-earnings ratio of 33.27, a price-to-earnings-growth ratio of 0.58 and a beta of 1.37. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $595.51. The stock has a 50-day moving average of $493.23 and a 200-day moving average of $371.03.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion for the quarter, compared to analysts' expectations of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. Dell Technologies's revenue for the quarter was up 57.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $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, analysts forecast that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Announces Dividend

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 given a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Tuesday, October 20th. Dell Technologies's payout ratio is presently 14.63%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DELL. Evercore reiterated an "outperform" rating and set a $650.00 price target on shares of Dell Technologies in a research note on Wednesday, September 9th. US Capital Advisors set a $625.00 price objective on Dell Technologies in a research note on Wednesday, September 2nd. TD Cowen raised their target price on Dell Technologies from $500.00 to $550.00 and gave the stock a "hold" rating in a report on Tuesday, September 29th. Susquehanna reiterated a "positive" rating on shares of Dell Technologies in a research report on Tuesday, September 29th. Finally, Truist Financial boosted their price target on Dell Technologies from $360.00 to $505.00 and gave the company a "hold" rating in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $571.12.

Dell Technologies News Summary

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

• Positive Sentiment: Mizuho raised its price target on Dell to $650 from $600 and maintained an “outperform” rating, implying further upside and providing a near-term catalyst for the stock. Dell Technologies Stock Gets Price Target Bump from Mizuho
• Positive Sentiment: Dell’s AI Data Platform received new capabilities, including a knowledge graph for AI agents and faster Nvidia processing. The enhancements could strengthen Dell’s position in enterprise AI infrastructure and support additional customer spending. Dell’s AI Data Platform gets a knowledge graph for agents and faster Nvidia processing
• Positive Sentiment: Analyst coverage points to record AI-server demand, a reported $95 billion backlog, improving profitability, and sharply higher fiscal 2027 guidance. These factors suggest strong revenue visibility and are supporting the view that Dell’s recent rally may have additional fundamental backing. DELL Jumps 32% in 3 Months
• Positive Sentiment: Dell is participating in AI infrastructure initiatives in Japan with JERA and Rhaelm, while a separate Byos product is being offered with Dell factory integration. Such partnerships may broaden Dell’s exposure to specialized AI and edge-computing deployments. Jera, Dell Technologies, and Rhaelm team up in Japan
• Neutral Sentiment: Dell was among the companies receiving the most analyst attention in September, with multiple target increases. This reinforces favorable sentiment but may already be reflected in the stock’s strong recent performance. Stocks receiving analyst upgrades in September
• Negative Sentiment: Some valuation signals are less supportive: a reported average target of $569.12 is slightly below the current trading level, while another consensus target was listed at €519.86. These figures suggest expectations are becoming more demanding after the rally. Dell Technologies average target price

Insider Transactions at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the business'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 value of $47,176,751.94. Following the transaction, the director directly owned 64,209 shares of the company's stock, valued at approximately $33,217,884.06. The trade was a 58.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the company'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 value of $42,942,324.04. Following the completion of the transaction, the director owned 73,185 shares of the company's stock, valued at $37,861,527.90. The trade was a 53.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 1,906,193 shares of company stock valued at $994,871,197. Corporate insiders own 41.50% of the company's stock.

Dell Technologies Company 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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