AEGON ASSET MANAGEMENT UK Plc Makes New $39.92 Million Investment in Dell Technologies Inc. $DELL

Key Points

• AEGON Asset Management UK acquired 74,202 Dell shares in the third quarter, worth approximately $39.9 million. Institutional investors collectively own 76.37% of the company’s stock.
• Dell’s latest quarterly results beat expectations: earnings were $7.04 per share versus a $4.91 consensus, while revenue rose 57.7% year over year to $46.97 billion. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $569.96.
• Insiders sold approximately 1.82 million shares worth $991 million over the past three months, while Dell’s shares have recently faced a sharp selloff despite ongoing AI-related growth expectations.

AEGON ASSET MANAGEMENT UK Plc acquired a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 74,202 shares of the technology company's stock, valued at approximately $39,917,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Noble Wealth Management PBC raised its stake in Dell Technologies by 113.6% during the 3rd quarter. Noble Wealth Management PBC now owns 47 shares of the technology company's stock worth $25,000 after acquiring an additional 25 shares in the last quarter. Cornerstone Financial Management LLC boosted its stake in Dell Technologies by 56.1% in the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company's stock valued at $28,000 after acquiring an additional 23 shares in the last quarter. Premier Financial Group acquired a new position in Dell Technologies in the second quarter valued at $34,000. Byrne Asset Management LLC purchased a new position in shares of Dell Technologies during the second quarter worth about $38,000. Finally, Atwood & Palmer Inc. increased its position in shares of Dell Technologies by 860.0% during the second quarter. Atwood & Palmer Inc. now owns 96 shares of the technology company's stock worth $41,000 after purchasing an additional 86 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on DELL shares. Bank of America upped their price target on shares of Dell Technologies from $505.00 to $600.00 and gave the company a "buy" rating in a research report on Monday, August 31st. Piper Sandler reissued an "overweight" rating and set a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a research report on Wednesday, September 2nd. US Capital Advisors set a $625.00 price objective on shares of Dell Technologies in a research note on Wednesday, September 2nd. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Dell Technologies in a research note on Friday, October 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a research report on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company's stock. According to MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and an average price target of $569.96.

Insider Buying and Selling

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the 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 sale, the director owned 64,209 shares in the company, valued at approximately $33,217,884.06. This represents a 58.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Spv-2 L.P. Sl sold 83,006 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 value of $42,942,324.04. Following the transaction, the director directly owned 73,185 shares of the company's stock, valued at $37,861,527.90. The trade was a 53.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders have sold 1,819,650 shares of company stock valued at $991,183,596. Corporate insiders own 41.50% of the company's stock.

Dell Technologies Stock Performance

NYSE:DELL opened at $346.50 on Tuesday. The stock has a fifty day moving average price of $502.66 and a two-hundred day moving average price of $337.59. The stock has a market capitalization of $220.30 billion, a price-to-earnings ratio of 21.46, a PEG ratio of 0.39 and a beta of 1.45. 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 earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating analysts' consensus estimates of $4.91 by $2.13. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The company 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 company earned $1.70 earnings per share. Dell Technologies'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. On average, analysts predict that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently declared 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 was Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.7%. Dell Technologies's dividend payout ratio is currently 14.63%.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell’s AI momentum is supported by strong server demand, a reported $95 billion backlog and raised FY2027 guidance. These factors underpin the stock’s longer-term growth case, although investors will look for execution to sustain it. Article: DELL Rallies 130% in a Year: Can AI Momentum Fuel More Gains?
• Positive Sentiment: Dell expanded cyber-recovery capabilities aimed at protecting AI and identity systems, adding to its offerings in areas that may benefit from growing enterprise technology needs. Article: Dell expands cyber recovery to protect AI and identity systems
• Positive Sentiment: A collaboration with Dubai Electricity and Water Authority to improve smart-infrastructure resilience could provide a further showcase for Dell’s technology in infrastructure projects. Article: DEWA, Dell Technologies collaborate to enhance smart infrastructure resilience
• Negative Sentiment: Despite the AI growth story, Dell and other AI hardware stocks recently suffered a sharp selloff, giving back a significant portion of earlier gains. Upcoming earnings and cash-flow results may determine whether a recovery is sustainable. Article: Dell and HPE Were AI Winners Until the Selloff. Can Earnings Put Them Back on Track?

Dell Technologies Profile

Dell Technologies is a global technology company that develops, sells and supports computers and related infrastructure. Its products include personal computers, workstations, monitors and peripherals, as well as servers, storage systems and networking equipment for businesses and other organizations.

The company also provides technology services and solutions, including support, consulting and offerings related to cloud computing, data management and cybersecurity. Dell serves consumers, businesses, governments and other institutions in markets around the world.

Founded by Michael Dell in 1984, the company is headquartered in Round Rock, Texas.

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