Baird Financial Group Inc. Trims Position in Dell Technologies Inc. $DELL

Key Points

• Baird Financial Group cut its Dell position by 14.8% in the second quarter, selling 40,655 shares; institutional investors still own 76.37% of the company.
• Dell reported strong quarterly results, with $7.04 in EPS and $46.97 billion in revenue, surpassing estimates and representing 57.7% year-over-year revenue growth. AI server demand and a reported $95 billion backlog are driving investor optimism.
• Despite a “Moderate Buy” consensus and a $553.79 average price target, Dell shares were near their 52-week high at $533.27, while insiders sold 1.25 million shares worth $558.4 million in the latest quarter, highlighting valuation and execution risks.

Baird Financial Group Inc. trimmed its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 233,210 shares of the technology company's stock after selling 40,655 shares during the quarter. Baird Financial Group Inc.'s holdings in Dell Technologies were worth $100,621,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Commonwealth Retirement Investments LLC bought a new position in shares of Dell Technologies in the fourth quarter worth $25,000. Rossby Financial LCC boosted its stake in Dell Technologies by 968.4% during the fourth quarter. Rossby Financial LCC now owns 203 shares of the technology company's stock valued at $26,000 after buying an additional 184 shares during the period. Cornerstone Financial Management LLC grew its position in Dell Technologies by 56.1% during the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company's stock worth $28,000 after buying an additional 23 shares in the last quarter. Navalign LLC bought a new position in Dell Technologies in the 4th quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. bought a new position in Dell Technologies in the 4th quarter worth about $29,000. 76.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

DELL has been the subject of a number of research analyst reports. Susquehanna set a $289.00 price target on Dell Technologies and gave the company a "neutral" rating in a research report on Friday, May 29th. Jefferies Financial Group cut shares of Dell Technologies to a "hold" rating in a research report on Monday, June 1st. William Blair initiated coverage on shares of Dell Technologies in a research note on Monday, June 1st. They issued a "neutral" rating on the stock. UBS Group reissued an "outperform" rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. Finally, Citic Securities increased their price target on shares of Dell Technologies from $160.00 to $505.00 and gave the stock a "buy" rating in a report on Monday, June 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus price target of $553.79.

Insider Activity

In other news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value 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 trade represents a 58.68% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Spv-2 L.P. Sl sold 83,006 shares of Dell Technologies stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the completion of the transaction, the director directly owned 73,185 shares in the company, valued at approximately $37,861,527.90. The trade was a 53.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,248,199 shares of company stock worth $558,352,352. Company insiders own 41.50% of the company's stock.

Dell Technologies Price Performance

Shares of DELL opened at $533.27 on Wednesday. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $538.47. The stock has a 50 day simple moving average of $443.55 and a two-hundred day simple moving average of $316.11. The firm has a market cap of $345.62 billion, a P/E ratio of 30.95, a P/E/G ratio of 0.54 and a beta of 1.34.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share 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 firm had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same period in the previous year, the business posted $1.70 EPS. The business's quarterly revenue was up 57.7% on a year-over-year basis. 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, equities analysts anticipate that Dell Technologies Inc. will post 25.14 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be paid a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies's dividend payout ratio (DPR) is 14.63%.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Record AI server orders of $60.9 billion helped drive quarterly revenue to $46.97 billion, while earnings of $7.04 per share exceeded the $4.91 consensus estimate. The results reinforce expectations for rapid growth in AI-related infrastructure. Dell Q2 2027 Earnings Call Transcript
• Positive Sentiment: Coverage emphasizes that Dell is benefiting from an “on-premise” AI buildout, as enterprises install servers and AI systems internally rather than relying exclusively on public cloud providers. This broadens the potential demand opportunity beyond hyperscale data centers. Dell’s latest reinvention and on-premise AI
• Positive Sentiment: Analysts and financial commentators continue to raise Dell’s profile as a leading AI infrastructure investment, citing surging earnings, strong demand and the company’s roughly $95 billion AI backlog. Wall Street optimism has supported the stock’s recent momentum. Wall Street raises Dell targets after earnings
• Neutral Sentiment: Dell’s consumer PC business is also expanding with the lower-priced Dell 14S laptop, supported by improving PC demand. However, competition from HP and Apple limits the significance of this opportunity relative to the much larger AI server business. Dell expands consumer PC reach
• Negative Sentiment: At roughly $524 per share after a gain of more than 300% over the past year, valuation and execution risk are becoming more important. Investors are questioning how much of the AI backlog will convert into revenue and profitable margins, while the stock’s proximity to its high leaves less room for disappointment. Is Dell Making Money Where You Think It Is?

Dell Technologies Company 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, displays, peripherals and related accessories marketed primarily under the Dell brand.

The company also provides enterprise infrastructure solutions, including servers, storage systems, networking equipment, data protection, cybersecurity and cloud-related technologies. Dell Technologies supports organizations with consulting, deployment, managed and support services designed to help them operate data centers, hybrid cloud environments and modern workplace technology.

Michael Dell founded the company in 1984 and serves as its chairman and chief executive officer.

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