4,015 Dell Technologies Inc. $DELL Shares Bought by Courier Capital LLC

Key Points

• Courier Capital increased its Dell position by 41.9% in the third quarter, buying 4,015 additional shares for a total of 13,596 shares valued at $7.3 million. Institutional investors and hedge funds collectively own 76.37% of Dell.
• Dell reported strong quarterly results, with adjusted EPS of $7.04 beating estimates of $4.91 and revenue rising 57.7% year over year to $46.97 billion. AI server demand and a record backlog continue to support growth expectations.
• Valuation and cash-flow concerns remain key risks. The stock traded near its 52-week high, while recent coverage cited a 47% decline in quarterly free cash flow and substantial insider selling; analysts nevertheless maintain a “Moderate Buy” consensus with an average price target of $571.12.

Courier Capital LLC lifted its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 41.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,596 shares of the technology company's stock after acquiring an additional 4,015 shares during the period. Dell Technologies accounts for 1.4% of Courier Capital LLC's portfolio, making the stock its 19th biggest holding. Courier Capital LLC's holdings in Dell Technologies were worth $7,314,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of DELL. Bank of America Corp DE boosted 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 buying an additional 1,011,101 shares during the period. Wellington Management Group LLP increased its stake 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 valued at $1,090,294,000 after acquiring an additional 1,474,347 shares during the period. NewEdge Advisors LLC increased its stake in shares of Dell Technologies by 5.0% during 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 during the period. Dimensional Fund Advisors LP raised its holdings in Dell Technologies by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company's stock worth $157,869,000 after purchasing an additional 27,668 shares in the last quarter. Finally, Swiss National Bank lifted its position in Dell Technologies by 4.7% in the first quarter. Swiss National Bank now owns 931,008 shares of the technology company's stock worth $152,806,000 after purchasing an additional 41,700 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: AI server backlog supports growth expectations. Dell’s AI server backlog continues to reach record levels, while analysts remain optimistic that demand for data-center infrastructure can drive significant earnings growth. CEO Michael Dell also said chip supply could remain tight through 2030, potentially supporting pricing and revenue visibility. The AI Boom Is Giving Dell a New Growth Story
• Positive Sentiment: Expanded enterprise AI partnership. Dell and Accenture launched the Accenture Dell Business Group to provide integrated infrastructure, services and lifecycle support for private and agentic AI deployments in industries such as financial services, life sciences and manufacturing. The initiative could broaden Dell’s AI opportunity beyond hyperscale customers. Dell Technologies Expands Its Enterprise AI Push With a New Business Group
• Neutral Sentiment: Management highlighted AI governance. Michael Dell said advanced AI models need safeguards and controls and that governments have a role in establishing them. The comments reinforce Dell’s focus on responsible AI adoption but do not directly change near-term financial forecasts. Michael Dell Says AI Needs Safeguards and Controls
• Negative Sentiment: Valuation and free-cash-flow risks are increasingly prominent. Dell has moved from a historically discounted PC-and-server valuation to a multiple closer to other growth-oriented technology companies. At the same time, recent coverage notes that second-quarter free cash flow fell 47% despite record revenue. Investors may therefore demand continued backlog conversion and earnings growth to justify the stock’s premium valuation. Dell Stock Is Up 358% in 2026, but Free Cash Flow Fell 47% in Q2

Dell Technologies Trading Down 0.7%

DELL stock traded down $4.13 during mid-day trading on Tuesday, reaching $572.63. 5,534,565 shares of the stock traded hands, compared to its average volume of 8,258,323. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $595.51. The company has a market cap of $364.08 billion, a P/E ratio of 33.23, a P/E/G ratio of 0.61 and a beta of 1.37. The stock's fifty day moving average is $511.01 and its 200-day moving average is $385.71.

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

Dell Technologies Dividend Announcement

The business also recently declared 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 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies's dividend payout ratio is 14.63%.

Insider Buying and Selling

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 83,006 shares of Dell Technologies stock in a transaction on Thursday, September 3rd. The shares were 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 owned 73,185 shares of the company's stock, valued at $37,861,527.90. This trade represents a 53.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the business's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the transaction, the director owned 64,209 shares in the company, valued at approximately $33,217,884.06. This represents a 58.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,697,272 shares of company stock worth $920,162,797 over the last ninety days. 41.50% of the stock is currently owned by insiders.

Analysts Set New Price Targets

DELL has been the topic of a number of research reports. Fox Advisors raised Dell Technologies from an "equal weight" rating to an "overweight" rating and set a $625.00 price objective on the stock in a research note on Wednesday, September 2nd. Wells Fargo & Company lifted their target price on Dell Technologies from $505.00 to $545.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. TD Cowen boosted their price target on shares of Dell Technologies from $500.00 to $550.00 and gave the stock a "hold" rating in a research report on Tuesday, September 29th. Melius Research upped their price target on shares of Dell Technologies from $650.00 to $735.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a report on Wednesday, September 2nd. One research 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $571.12.

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.

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