Dell Technologies Inc. $DELL Holdings Increased by Forvis Mazars Wealth Advisors LLC

Key Points

• Institutional ownership increased: Forvis Mazars Wealth Advisors raised its Dell stake by 302.1% in the third quarter, while other funds also added shares. Hedge funds and institutional investors collectively own 76.37% of Dell.
• Insiders sold substantial holdings: Dell directors sold shares worth approximately $28.7 million in early October, and insiders have sold 1.7 million shares valued at about $920.2 million over the past 90 days.
• Strong growth outlook but valuation concerns remain: Dell reported 57.7% year-over-year revenue growth and earnings that exceeded estimates, supported by robust AI-server demand. Analysts maintain a “Moderate Buy” consensus with a $571.12 target, though declining free cash flow and a higher valuation are risks.

Forvis Mazars Wealth Advisors LLC boosted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 302.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,692 shares of the technology company's stock after acquiring an additional 3,525 shares during the period. Forvis Mazars Wealth Advisors LLC's holdings in Dell Technologies were worth $2,524,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Courier Capital LLC raised its holdings in Dell Technologies by 41.9% in the 3rd quarter. Courier Capital LLC now owns 13,596 shares of the technology company's stock worth $7,314,000 after purchasing an additional 4,015 shares in the last quarter. Ring Mountain Capital LLC purchased a new stake in shares of Dell Technologies in the 3rd quarter worth about $214,000. Sax Wealth Advisors LLC bought a new stake in shares of Dell Technologies during the 3rd quarter valued at about $1,024,000. Fragasso Financial Advisors Inc boosted its stake in shares of Dell Technologies by 32.4% during the 3rd quarter. Fragasso Financial Advisors Inc now owns 686 shares of the technology company's stock valued at $402,000 after purchasing an additional 168 shares in the last quarter. Finally, Fermata Advisors LLC boosted its stake in shares of Dell Technologies by 8.8% during the 3rd quarter. Fermata Advisors LLC now owns 507 shares of the technology company's stock valued at $273,000 after purchasing an additional 41 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Spv-2 L.P. Sl sold 46,323 shares of the firm's stock in a transaction on Tuesday, October 6th. The stock was sold at an average price of $575.43, for a total transaction of $26,655,643.89. Following the completion of the transaction, the director directly owned 22,254 shares in the company, valued at $12,805,619.22. This trade represents a 67.55% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 3,600 shares of Dell Technologies stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $572.50, for a total value of $2,061,000.00. Following the completion of the transaction, the director directly owned 1,401,636 shares of the company's stock, valued at approximately $802,436,610. This represents a 0.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 1,697,272 shares of company stock valued at $920,162,797. Company insiders own 41.50% of the company's stock.

More Dell Technologies News

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

• Positive Sentiment: AI backlog and demand remain key catalysts. Dell’s AI server backlog continues to reach record levels, while CEO Michael Dell said semiconductor supply could remain constrained through 2030. Sustained demand and limited supply could support revenue growth and margins. Dell CEO Rejects AI Bubble Fears
• Positive Sentiment: Expanded enterprise AI strategy. Dell and Accenture launched the Accenture Dell Business Group to combine Dell infrastructure with Accenture’s services for private and agentic AI deployments in industries such as financial services, life sciences and manufacturing. The initiative could broaden Dell’s customer base and create recurring services opportunities. Dell Expands Its Enterprise AI Push
• Positive Sentiment: Analysts and growth-focused publications remain optimistic. Recent commentary highlights Dell’s potential for substantial earnings growth, including projections that EPS could nearly triple over the next two years. Zacks Strong Buy Momentum Stocks
• Neutral Sentiment: Management emphasized AI safeguards and government involvement. Michael Dell said advanced AI systems need controls and safeguards, with a government role in addressing safety concerns. The comments may have limited direct financial impact but provide context on regulatory risks surrounding AI.
• Negative Sentiment: Valuation and cash-flow concerns are becoming more important. Dell has lost much of its historical valuation discount as investors re-rate it as an AI infrastructure company. At the same time, recent coverage noted a significant decline in free cash flow, raising questions about whether the AI backlog will generate sufficient returns to justify the higher multiple. Dell Lost Its Discount

Wall Street Analyst Weigh In

A number of research firms recently issued reports on DELL. Raymond James Financial increased their price target on shares of Dell Technologies from $500.00 to $617.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 2nd. Fox Advisors upgraded Dell Technologies from an "equal weight" rating to an "overweight" rating and set a $625.00 target price on the stock in a report on Wednesday, September 2nd. US Capital Advisors set a $625.00 target price on Dell Technologies in a research report on Wednesday, September 2nd. Daiwa Securities Group raised their target price on Dell Technologies from $465.00 to $625.00 and gave the company an "outperform" rating in a research note on Friday, September 18th. Finally, Truist Financial lifted their price target on Dell Technologies from $360.00 to $505.00 and gave the company a "hold" rating in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have given a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus target price of $571.12.

Dell Technologies Stock Performance

Shares of DELL opened at $572.63 on Wednesday. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $595.51. The firm's 50-day simple moving average is $513.10 and its two-hundred day simple moving average is $388.45. The stock has a market cap of $364.08 billion, a PE ratio of 33.23, a price-to-earnings-growth ratio of 0.60 and a beta of 1.37.

Dell Technologies (NYSE:DELL - Get Free Report) last released 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. 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 last year, the business earned $1.70 earnings per share. The business's 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. Equities research analysts predict that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies's dividend payout ratio (DPR) is 14.63%.

Dell Technologies Company Profile

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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