58,894 Dell Technologies Inc. $DELL Shares Sold by Deroy & Devereaux Private Investment Counsel Inc.

Key Points

• Deroy & Devereaux cut its Dell position by 37.3%, selling 58,894 shares and retaining 99,207 shares worth approximately $53.4 million. Institutional investors collectively own 76.37% of Dell’s stock.
• Dell reported strong quarterly results, with revenue up 57.7% year over year to $46.97 billion and EPS of $7.04, exceeding analysts’ estimates. The company also declared a quarterly dividend of $0.63 per share, equivalent to a 0.5% annualized yield.
• Despite bullish analyst targets and growing AI-infrastructure deployments, concerns remain about the pace of AI-driven growth. Barclays downgraded the stock over the lack of a “meaningful AI inflection,” contributing to an approximately 18.5% monthly decline.

Deroy & Devereaux Private Investment Counsel Inc. lowered its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 37.3% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 99,207 shares of the technology company's stock after selling 58,894 shares during the period. Dell Technologies accounts for approximately 2.3% of Deroy & Devereaux Private Investment Counsel Inc.'s portfolio, making the stock its 4th biggest holding. Deroy & Devereaux Private Investment Counsel Inc.'s holdings in Dell Technologies were worth $53,368,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Noble Wealth Management PBC lifted its stake in Dell Technologies by 113.6% in the 3rd quarter. Noble Wealth Management PBC now owns 47 shares of the technology company's stock worth $25,000 after purchasing an additional 25 shares in the last quarter. Cornerstone Financial Management LLC boosted its holdings in shares of Dell Technologies by 56.1% during the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company's stock worth $28,000 after purchasing an additional 23 shares during the last quarter. Premier Financial Group acquired a new position in shares of Dell Technologies during the 2nd quarter worth approximately $34,000. Portus Wealth Advisors LLC acquired a new position in shares of Dell Technologies during the 1st quarter worth approximately $35,000. Finally, Byrne Asset Management LLC purchased a new stake in shares of Dell Technologies in the second quarter valued at approximately $38,000. Institutional investors and hedge funds own 76.37% of the company's stock.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell is expanding its AI infrastructure footprint. Honeywell launched Forge Plant Cognition, an industrial AI platform built using NVIDIA technology and Dell infrastructure, supporting potential demand from refining, petrochemical and LNG customers. Honeywell Technologies Launches Forge Plant Cognition
• Positive Sentiment: Additional reported deployments in industrial operations, education and sports analytics, along with Dell’s NVIDIA-backed “AI factory” and agentic-AI initiatives, reinforce the company’s positioning as an on-premises AI hardware provider. Dell AI Factory with NVIDIA
• Neutral Sentiment: Director Lynn Vojvodich Radakovich sold $930,120 of Dell shares, reducing her direct ownership by 7.3%. Because the transaction occurred under a pre-arranged Rule 10b5-1 plan, it provides limited evidence of a negative view of Dell’s prospects. Dell SEC Form 4 Filing
• Neutral Sentiment: Industry reports project continued growth in converged infrastructure and intelligent platform-management markets, areas where Dell participates, but these broad market forecasts do not necessarily translate into near-term revenue or earnings growth for DELL.
• Negative Sentiment: Barclays downgraded Dell, arguing that the company has not yet delivered a “meaningful AI inflection.” The downgrade has contributed to an approximately 18.5% monthly decline and highlights concerns that AI-server growth may not accelerate quickly enough to support the valuation. Dell Sinks 18.5% in a Month on Barclays Downgrade
• Negative Sentiment: Analysts and commentary are questioning whether Dell’s future cash generation can support the stock after substantial long-term gains, increasing sensitivity to execution, margins and AI demand.
• Negative Sentiment: Insider selling by executives and directors across several AI-related companies, including Dell, may add caution, although broader analyst support and institutional demand suggest the AI investment theme remains intact. Insiders Are Selling These 5 AI Stocks

Dell Technologies Price Performance

NYSE:DELL opened at $467.61 on Tuesday. The firm has a market capitalization of $297.31 billion, a price-to-earnings ratio of 26.31, a PEG ratio of 0.47 and a beta of 1.37. The company's 50-day moving average is $512.73 and its two-hundred day moving average is $321.50. 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 announced its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 business had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. During the same quarter last year, the firm earned $1.70 EPS. The business's 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 anticipate that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced 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 payout ratio is currently 14.63%.

Insider Buying and Selling

In related news, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of the business's stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $582.30, for a total value of $14,845,156.20. Following the sale, the director directly owned 22,686 shares in the company, valued at approximately $13,210,057.80. The trade was a 52.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Lynn Vojvodich Radakovich sold 2,022 shares of the business's stock in a transaction dated Thursday, October 22nd. The shares were sold at an average price of $460.00, for a total transaction of $930,120.00. Following the completion of the sale, the director owned 25,686 shares in the company, valued at approximately $11,815,560. This trade represents a 7.30% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders have sold 1,819,650 shares of company stock valued at $991,183,596. 41.50% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research firms recently commented on DELL. Citigroup increased their price target on Dell Technologies from $515.00 to $600.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Daiwa Securities Group boosted their price objective on Dell Technologies from $465.00 to $625.00 and gave the stock an "outperform" rating in a research note on Friday, September 18th. Wells Fargo & Company boosted their price objective on Dell Technologies from $505.00 to $545.00 and gave the stock an "overweight" rating in a research note on Friday, August 14th. Mizuho upped their target price on Dell Technologies from $600.00 to $650.00 and gave the company an "outperform" rating in a report on Tuesday, October 6th. Finally, KeyCorp reaffirmed a "sector weight" rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company's stock. According to data from MarketBeat, Dell Technologies currently has an average rating of "Moderate Buy" and an average price target of $569.96.

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.

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