3,973 Dell Technologies Inc. $DELL Shares Acquired by First Citizens Bank & Trust Co.

Key Points

• First Citizens Bank & Trust Co. increased its Dell stake by 305.6% in the third quarter, purchasing 3,973 additional shares and bringing its holdings to 5,273 shares valued at approximately $2.84 million. Institutional investors collectively own 76.37% of Dell.
• Dell reported a strong quarter, with revenue rising 57.7% year over year to $46.97 billion and EPS of $7.04, exceeding analyst expectations. The company also declared a quarterly dividend of $0.63 per share.
• While Dell’s AI infrastructure demand and partnerships support its growth outlook, concerns about valuation, margins and the durability of its AI-server backlog remain. Barclays downgraded the stock to Equal Weight and lowered its price target to $574, while insiders sold roughly $990 million of shares over the past 90 days.

First Citizens Bank & Trust Co. boosted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 305.6% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,273 shares of the technology company's stock after purchasing an additional 3,973 shares during the quarter. First Citizens Bank & Trust Co.'s holdings in Dell Technologies were worth $2,837,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of America Corp DE boosted its holdings 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 worth $2,362,624,000 after purchasing an additional 1,011,101 shares during the last quarter. Wellington Management Group LLP boosted its stake in shares of Dell Technologies by 140.1% in 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 buying an additional 1,474,347 shares during the last quarter. NewEdge Advisors LLC grew 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 acquiring an additional 22,924 shares in the last quarter. Dimensional Fund Advisors LP grew 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 acquiring an additional 27,668 shares in the last quarter. Finally, Swiss National Bank increased its position in shares of Dell Technologies by 4.7% during the first quarter. Swiss National Bank now owns 931,008 shares of the technology company's stock valued at $152,806,000 after acquiring an additional 41,700 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Insider Transactions at Dell Technologies

In other news, Director Spv-2 L.P. Sl sold 83,006 shares of Dell Technologies 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 in the company, valued at approximately $37,861,527.90. The trade was a 53.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the stock in a transaction dated 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 completion of the sale, the director directly 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. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 1,817,628 shares of company stock worth $990,253,476. Insiders own 41.50% of the company's stock.

More Dell Technologies News

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

• Positive Sentiment: Dell’s AI infrastructure opportunity remains substantial. CEO Michael Dell said strong AI demand could keep memory and chip supplies constrained through 2029 or 2030, supporting long-term demand for Dell’s servers and related systems. Michael Dell Warns Memory Shortage Could Be a Four-Year Problem
• Positive Sentiment: Dell and Honeywell launched Forge Cognition, an AI platform for buildings and industrial operations that uses Dell infrastructure and NVIDIA technology. The partnership provides another potential enterprise-AI channel beyond hyperscale data centers. Honeywell Launches Forge Cognition AI Platform With Nvidia and Dell Technologies
• Neutral Sentiment: Silver Lake-related entities disclosed several October 9 sales of Dell shares totaling roughly $70 million. Although the transactions reduced some positions materially, the filings show the entities continued to hold significant stakes; the sales may reflect portfolio management rather than a fundamental change in Dell’s outlook. SEC ownership filing
• Negative Sentiment: Barclays downgraded Dell, Hewlett Packard Enterprise and NetApp to Equal Weight from Overweight, arguing that valuations had risen too far and that there was not yet a meaningful enterprise-AI growth inflection. Barclays also lowered its Dell price target to $574, pressuring the stock after its substantial rally. Dell stock plunges after Barclays downgrade
• Negative Sentiment: Investors are questioning whether Dell’s AI-server backlog reflects durable end demand or is being inflated by high memory and component prices. The shift toward AI-optimized systems may also weigh on margins, increasing the risk that revenue growth will not translate proportionally into earnings. Why Dell's stock was one of the S&P 500's biggest laggards
• Negative Sentiment: A hotter inflation report weighed on high-growth technology stocks by raising the prospect of tighter Federal Reserve policy. That macro pressure intensified the sector-wide retreat in AI-related shares, including Dell. AI stocks drop after hot inflation report

Dell Technologies Stock Performance

Shares of DELL stock opened at $506.21 on Thursday. The company has a market capitalization of $321.85 billion, a P/E ratio of 32.99, a PEG ratio of 0.59 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. The stock has a 50 day moving average price of $513.95 and a two-hundred day moving average price of $390.78.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 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 during the quarter, compared to analysts' expectations of $44.89 billion. During the same period last year, the company posted $1.70 EPS. 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. As a group, equities analysts predict that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be given a $0.63 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. Dell Technologies's dividend payout ratio is presently 14.63%.

Analyst Ratings Changes

DELL has been the topic of several research analyst reports. Truist Financial upped their price objective on Dell Technologies from $360.00 to $505.00 and gave the company a "hold" rating in a research note on Wednesday, September 2nd. Melius Research raised their target price on Dell Technologies from $650.00 to $735.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. Sanford C. Bernstein boosted their target price on Dell Technologies from $500.00 to $650.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Bank of America upped their price target on Dell Technologies from $505.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, August 31st. Finally, Raymond James Financial increased their price target on Dell Technologies from $500.00 to $617.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 2nd. One research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $569.96.

About Dell Technologies

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.

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL - Free Report).

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.