5,486 Dell Technologies Inc. $DELL Shares Sold by Austin Asset Management Co Inc

Key Points

• Austin Asset Management reduced its Dell stake by 30.1%, selling 5,486 shares and retaining 12,733 shares valued at approximately $6.85 million. Institutional investors collectively own 76.37% of Dell’s stock.
• Insider selling was substantial: insiders sold 1.82 million shares worth about $991.2 million over the past 90 days, while two directors sold sizable positions at an average price of $517.34 per share.
• Dell reported quarterly earnings of $7.04 per share on $46.97 billion in revenue, beating analyst estimates, and analysts maintain a “Moderate Buy” consensus with an average price target of $569.96. The company also pays a quarterly dividend of $0.63 per share.

Austin Asset Management Co Inc trimmed its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 30.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,733 shares of the technology company's stock after selling 5,486 shares during the period. Dell Technologies accounts for approximately 1.0% of Austin Asset Management Co Inc's holdings, making the stock its 17th largest position. Austin Asset Management Co Inc's holdings in Dell Technologies were worth $6,850,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in DELL. Plato Investment Management Ltd acquired a new position in shares of Dell Technologies in the 2nd quarter valued at $5,913,000. Kercheville Advisors LLC grew its position in shares of Dell Technologies by 13.6% in the 3rd quarter. Kercheville Advisors LLC now owns 18,800 shares of the technology company's stock valued at $10,113,000 after buying an additional 2,250 shares during the last quarter. Gabelli Funds LLC lifted its position in Dell Technologies by 49.0% during the 1st quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company's stock worth $7,565,000 after acquiring an additional 15,150 shares during the period. Segall Bryant & Hamill LLC purchased a new stake in shares of Dell Technologies during the 1st quarter worth $5,930,000. Finally, Jackson Square Capital LLC raised its position in shares of Dell Technologies by 15.1% during the 3rd quarter. Jackson Square Capital LLC now owns 17,115 shares of the technology company's stock worth $9,207,000 after purchasing an additional 2,243 shares during the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Dell Technologies

In other news, Director Spv-2 L.P. Sl sold 83,006 shares of the company's stock in a transaction dated 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 transaction, the director owned 73,185 shares in the company, valued at $37,861,527.90. This represents a 53.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm's stock in a transaction 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 completion of the sale, the director owned 64,209 shares in the company, valued at approximately $33,217,884.06. The trade was a 58.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 1,819,650 shares of company stock worth $991,183,596 in the last 90 days. 41.50% of the stock is currently owned by insiders.

Dell Technologies Price Performance

Shares of NYSE:DELL opened at $423.63 on Monday. The firm has a market capitalization of $269.35 billion, a PE ratio of 24.59, a price-to-earnings-growth ratio of 0.44 and a beta of 1.45. The business has a 50 day simple moving average of $513.74 and a two-hundred day simple moving average of $330.29. 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 released its quarterly earnings data 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 during 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%. The firm'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 earnings per share. 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 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th were given a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. Dell Technologies's payout ratio is currently 14.63%.

Wall Street Analyst Weigh In

DELL has been the topic of several research reports. Susquehanna reissued a "positive" rating on shares of Dell Technologies in a research report on Tuesday, September 29th. The Goldman Sachs Group reissued a "buy" rating on shares of Dell Technologies in a research report on Friday, October 9th. Citigroup raised their price target on shares of Dell Technologies from $515.00 to $600.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. Raymond James Financial upped 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. Finally, Daiwa Securities Group upped their price objective on shares of Dell Technologies from $465.00 to $625.00 and gave the company an "outperform" rating in a report on Friday, September 18th. One equities 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. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $569.96.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell’s AI infrastructure business remains a key long-term support. Recent coverage highlighted accelerating storage growth, a reported $95 billion backlog and rising earnings estimates, while expanded AI security and cyber-resilience capabilities could strengthen its position against Cisco and Hewlett Packard Enterprise. Everpure vs. Dell: Which Data Storage Stock Is the Better Buy Now? DELL Expands AI Security Capabilities
• Neutral Sentiment: One report characterized Dell as a founder-led technology company with potential for continued innovation and global growth, but it does not introduce a new catalyst for the current session. Founder-Led Giants Redefining Technology and Global Market Growth
• Neutral Sentiment: A filing-related report said an account associated with Donald Trump sold as much as $1 million of Dell stock, despite his public comments encouraging purchases. The transaction may attract attention but is small relative to Dell’s market value and does not change the company’s fundamentals. Trump Filing Reveals Dell Stock Sale
• Negative Sentiment: Intel warned that memory shortages are constraining PC demand and that weakness could persist, hurting computer and server manufacturers. Dell fell alongside HP, Hewlett Packard Enterprise and Super Micro as investors priced in slower hardware demand and potential supply-cost pressure. Dell Sinks as Intel Warning Hits Hardware Stocks
• Negative Sentiment: Intel’s weak fourth-quarter outlook, margin pressure and roughly 25% share-price reset reinforced concerns about a prolonged PC downturn. The read-through is negative for Dell’s traditional PC business, even though AI servers may continue to grow. Silicon Shock: Intel’s Valuation Reset
• Negative Sentiment: Investors are also questioning whether Dell’s rally has outpaced its fundamentals, citing sharply weaker cash flow and negative shareholders’ equity. Those concerns increase sensitivity to any slowdown in AI or broader hardware demand. The Next AI Stock to Break Out May Not Be on Most Investors’ Radar

Dell Technologies Profile

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.

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