Dell Technologies Inc. $DELL Position Cut by Oppenheimer & Co. Inc.

Key Points

• Oppenheimer & Co. reduced its Dell Technologies position by 7.5% in the third quarter, selling 1,999 shares and retaining 24,755 shares valued at approximately $13.3 million. Institutional investors collectively own 76.37% of Dell’s stock.
• Dell reported quarterly EPS of $7.04, beating estimates of $4.91, while revenue rose 57.7% year over year to $46.97 billion. Shares opened at $501.74, and the company declared a quarterly dividend of $0.63 per share.
• Analyst sentiment remains broadly positive, with a “Moderate Buy” consensus and an average price target of $569.96, although Barclays downgraded the stock to “equal weight.” Recent insider sales and concerns about AI-growth momentum and rising memory costs remain potential investor overhangs.

Oppenheimer & Co. Inc. decreased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 7.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 24,755 shares of the technology company's stock after selling 1,999 shares during the quarter. Oppenheimer & Co. Inc.'s holdings in Dell Technologies were worth $13,317,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of DELL. Bank of America Corp DE lifted its position in Dell Technologies by 7.6% in the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company's stock valued at $2,362,624,000 after purchasing an additional 1,011,101 shares during the last quarter. Wellington Management Group LLP boosted its stake in Dell Technologies by 140.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company's stock valued at $1,090,294,000 after purchasing an additional 1,474,347 shares during the period. Dimensional Fund Advisors LP boosted its stake in Dell Technologies by 3.0% during the 1st quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company's stock valued at $157,869,000 after purchasing an additional 27,668 shares during the period. Swiss National Bank grew its position in Dell Technologies by 4.7% in the 1st quarter. Swiss National Bank now owns 931,008 shares of the technology company's stock worth $152,806,000 after purchasing an additional 41,700 shares during the last quarter. Finally, Amundi grew its position in Dell Technologies by 5.8% in the 1st quarter. Amundi now owns 845,709 shares of the technology company's stock worth $138,806,000 after purchasing an additional 46,240 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies Stock Up 7.4%

Shares of DELL opened at $501.74 on Wednesday. The firm has a 50-day moving average price of $512.69 and a 200 day moving average price of $325.13. The firm has a market capitalization of $319.01 billion, a PE ratio of 29.12 and a beta of 1.37. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week 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 the consensus estimate of $4.91 by $2.13. The company had revenue of $46.97 billion for 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 firm'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 expect 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 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 is Tuesday, October 20th. Dell Technologies's dividend payout ratio (DPR) is currently 14.63%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on DELL shares. US Capital Advisors set a $625.00 price target on shares of Dell Technologies in a research note on Wednesday, September 2nd. Raymond James Financial boosted their price objective on Dell Technologies from $500.00 to $617.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Cantor Fitzgerald initiated coverage on Dell Technologies in a report on Wednesday, September 2nd. They issued an "overweight" rating for the company. The Goldman Sachs Group restated a "buy" rating on shares of Dell Technologies in a research report on Friday, October 9th. Finally, Barclays cut Dell Technologies from an "overweight" rating to an "equal weight" rating and lowered their target price for the company from $603.00 to $574.00 in a research report on Wednesday, October 14th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $569.96.

Dell Technologies News Summary

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

• Positive Sentiment: Dell unveiled expanded cyber-resilience capabilities covering identity systems, AI environments, infrastructure and quantum-safe storage. The offerings could support demand for Dell’s servers, storage and security-related services as enterprises deploy more AI. Dell extends cyber resilience
• Positive Sentiment: Management and industry commentary highlighted AI-agent guardrails as a way to enable greater autonomy while maintaining security and control. This supports Dell’s strategy of supplying on-premises AI infrastructure for businesses with sensitive workloads. Dell sees AI agent guardrails as a path to greater autonomy
• Positive Sentiment: Reports continue to point to Dell’s large AI-server backlog, NVIDIA partnership and real-world deployments, including Honeywell’s industrial AI platform. These developments provide evidence of potential demand across data centers, manufacturing and other enterprise markets. Dell and HPE AI server orders
• Neutral Sentiment: Industry forecasts call for strong growth in edge and converged infrastructure markets where Dell competes, but these broad projections do not guarantee near-term revenue or earnings gains for DELL. Global Edge Infrastructure Market Report
• Negative Sentiment: Barclays’ downgrade remains an overhang, with analysts questioning whether Dell has achieved a meaningful AI growth inflection and whether higher memory costs are inflating revenue more than underlying demand. Dell Sinks on Barclays Downgrade
• Negative Sentiment: A director’s sale of approximately $930,000 in shares could add investor caution, although it was executed under a pre-arranged Rule 10b5-1 plan and is therefore limited evidence of a change in business outlook.

Insider Buying and Selling

In related news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the business's stock in a transaction that occurred 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 of the company's stock, valued at $33,217,884.06. The trade was 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 available at the SEC website. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director owned 73,185 shares of the company's stock, valued at $37,861,527.90. This trade represents a 53.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,819,650 shares of company stock worth $991,183,596 in the last quarter. Company insiders own 41.50% of the company's stock.

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, 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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