Dell Technologies Inc. $DELL Shares Sold by Danske Bank A S

Key Points

• Danske Bank cut its Dell stake by 11.7% in the third quarter, selling 61,064 shares and ending the period with 460,242 shares valued at about $247.6 million.
• Dell reported quarterly EPS of $7.04, beating the $4.91 analyst consensus, while revenue rose 57.7% year over year to $46.97 billion; the company also issued fiscal 2027 EPS guidance of $25.50.
• Dell shares fell to $344.32 in Friday mid-day trading. MarketBeat reported a “Moderate Buy” consensus rating and an average analyst price target of $569.96.

Danske Bank A S decreased its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 11.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 460,242 shares of the technology company's stock after selling 61,064 shares during the period. Danske Bank A S owned 0.07% of Dell Technologies worth $247,587,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of DELL. Collective Family Office LLC lifted its position in shares of Dell Technologies by 1.5% during the 3rd quarter. Collective Family Office LLC now owns 1,299 shares of the technology company's stock worth $699,000 after purchasing an additional 19 shares during the last quarter. North Star Investment Management Corp. boosted its position in shares of Dell Technologies by 0.3% in the third quarter. North Star Investment Management Corp. now owns 6,992 shares of the technology company's stock valued at $3,761,000 after acquiring an additional 21 shares during the period. Cornerstone Financial Management LLC grew its stake in shares of Dell Technologies by 56.1% in the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company's stock worth $28,000 after acquiring an additional 23 shares during the last quarter. Beaumont Financial Advisors LLC grew its stake in shares of Dell Technologies by 0.3% in the third quarter. Beaumont Financial Advisors LLC now owns 8,713 shares of the technology company's stock worth $4,687,000 after acquiring an additional 24 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in Dell Technologies by 5.4% during the third quarter. Blue Bell Private Wealth Management LLC now owns 469 shares of the technology company's stock worth $252,000 after acquiring an additional 24 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Dell Technologies Stock Performance

Shares of NYSE DELL traded down $26.85 during mid-day trading on Friday, hitting $344.32. 9,595,743 shares of the stock were exchanged, compared to its average volume of 7,200,996. The company has a market cap of $218.92 billion, a P/E ratio of 19.98, a PEG ratio of 0.38 and a beta of 1.45. The stock's fifty day simple moving average is $493.45 and its two-hundred day simple moving average is $342.40. Dell Technologies Inc. has a twelve month low of $110.22 and a twelve month high of $595.51.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (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 business had revenue of $46.97 billion during the quarter, compared to analysts' expectations of $44.89 billion. During the same period in the previous year, the business posted $1.70 earnings per share. The firm's revenue for the quarter 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 research analysts predict that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Tuesday, October 20th were issued a $0.63 dividend. The ex-dividend date was Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.7%. Dell Technologies's dividend payout ratio (DPR) is currently 14.63%.

Insider Transactions at Dell Technologies

In related news, Director Egon Durban sold 1,850 shares of the business's stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $548.40, for a total transaction of $1,014,540.00. Following the completion of the sale, the director directly owned 1,405,236 shares of the company's stock, valued at $770,631,422.40. The trade was a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Spv-2 L.P. Sl sold 44,408 shares of Dell Technologies stock in a transaction on Friday, October 9th. The stock was sold at an average price of $582.30, for a total transaction of $25,858,778.40. Following the sale, the director directly owned 43,740 shares of the company's stock, valued at $25,469,802. This represents a 50.38% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 1,819,650 shares of company stock valued at $991,183,596. 41.50% of the stock is currently owned by insiders.

Latest Dell Technologies News

Here's some of the latest news about DELL:

• Positive Sentiment: The University of Alabama plans to establish a high-performance computing center using Dell HPC, AI and data infrastructure, providing a customer deployment that highlights demand for Dell’s solutions. Article: Dell infrastructure deployment at the University of Alabama
• Negative Sentiment: Investors are selling AI-hardware and server stocks amid reports of turmoil around Nvidia CEO Jensen Huang. The concerns have weighed on Dell alongside peers, despite forecasts for a large AI-server market. Article: Dell and AI hardware selloff
• Negative Sentiment: The sharp sector pullback suggests the market is reassessing AI-hardware valuations and potential exposure to Nvidia-related risks, overshadowing Dell’s demand outlook in the short term. Article: Dell’s exposure to Nvidia

Analyst Ratings Changes

Several research firms recently weighed in on DELL. The Goldman Sachs Group reiterated a "buy" rating on shares of Dell Technologies in a research note on Friday, October 9th. Truist Financial boosted their price target on Dell Technologies from $360.00 to $505.00 and gave the company a "hold" rating in a research note on Wednesday, September 2nd. Sanford C. Bernstein upped their price target on Dell Technologies from $500.00 to $650.00 and gave the company an "outperform" rating in a report on Wednesday, September 2nd. KeyCorp reaffirmed a "sector weight" rating on shares of Dell Technologies in a report on Wednesday, September 2nd. Finally, Piper Sandler reiterated an "overweight" rating and issued a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a research report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of "Moderate Buy" and an average price target of $569.96.

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.

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