Dell Technologies Inc. $DELL Shares Sold by Zevenbergen Capital Investments LLC

Key Points

• Zevenbergen Capital Investments reduced its Dell position by 14.6%, selling 15,160 shares and retaining 89,030 shares valued at approximately $47.9 million. Institutional investors collectively own 76.37% of Dell.
• Dell reported quarterly earnings of $7.04 per share, well above the $4.91 consensus estimate, while revenue rose 57.7% year over year to $46.97 billion. Analysts maintain a “Moderate Buy” consensus rating with an average price target of $571.12.
• Shares traded at $575.17, near their 52-week high, amid strong AI infrastructure demand; however, insiders sold roughly $920.2 million of stock over the past three months. Dell also announced a quarterly dividend of $0.63 per share, yielding about 0.4% annually.

Zevenbergen Capital Investments LLC decreased its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 89,030 shares of the technology company's stock after selling 15,160 shares during the period. Dell Technologies comprises 1.1% of Zevenbergen Capital Investments LLC's portfolio, making the stock its 28th largest holding. Zevenbergen Capital Investments LLC's holdings in Dell Technologies were worth $47,894,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of DELL. Noble Wealth Management PBC boosted its position in shares of 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 purchasing an additional 25 shares in the last quarter. Cornerstone Financial Management LLC increased its holdings in shares of Dell Technologies by 56.1% in the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company's stock valued at $28,000 after purchasing an additional 23 shares in the last quarter. Premier Financial Group acquired a new stake in shares of Dell Technologies in the second quarter valued at about $34,000. Byrne Asset Management LLC purchased a new stake in Dell Technologies during the second quarter worth about $38,000. Finally, Retirement Wealth Solutions LLC grew its position in Dell Technologies by 41.3% during the third quarter. Retirement Wealth Solutions LLC now owns 89 shares of the technology company's stock worth $48,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on DELL shares. JPMorgan Chase & Co. lifted their price target 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. Raymond James Financial raised their price objective on Dell Technologies from $500.00 to $617.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. Sanford C. Bernstein boosted their target price on Dell Technologies from $500.00 to $650.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. KeyCorp reissued a "sector weight" rating on shares of Dell Technologies in a report on Wednesday, September 2nd. Finally, UBS Group reaffirmed an "outperform" rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the company. According to data from MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $571.12.

Dell Technologies Stock Performance

DELL stock traded down $3.79 on Thursday, reaching $575.17. The company had a trading volume of 5,161,871 shares, compared to its average volume of 8,301,994. The company's fifty day moving average is $504.43 and its 200 day moving average is $379.92. The company has a market cap of $365.70 billion, a P/E ratio of 33.38, a PEG ratio of 0.59 and a beta of 1.37. 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 quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, topping the consensus estimate 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 business posted $1.70 earnings per share. Dell Technologies's 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, sell-side analysts predict that Dell Technologies Inc. will post 25.13 earnings per share 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 is Tuesday, October 20th. Dell Technologies's dividend payout ratio (DPR) is currently 14.63%.

Insider Activity

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm's stock in a transaction dated Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the sale, the director directly owned 64,209 shares of the company's stock, valued at $33,217,884.06. This trade represents a 58.68% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Spv-2 L.P. Sl sold 83,006 shares of Dell Technologies stock in a transaction dated 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 sale, the director owned 73,185 shares of the company's stock, valued at approximately $37,861,527.90. This trade represents a 53.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,697,272 shares of company stock valued at $920,162,797 in the last three months. 41.50% of the stock is currently owned by corporate insiders.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: Dell’s AI infrastructure momentum remains the primary bullish driver. Recent reports highlighted approximately $60.9 billion in AI-server orders, $16.4 billion in quarterly AI-server revenue and a roughly $95 billion backlog. An analyst upgrade previously raised the price target to $650 from $600 while maintaining an Outperform rating. Why Dell Stock Is Trading Up Today
• Positive Sentiment: Dell launched new Windows PCs and workstations for agentic-AI development in collaboration with NVIDIA and Microsoft. The expanded lineup, including XPS and AI workstation products, could support longer-term demand for higher-value hardware. Dell Agentic AI PCs and Workstations
• Neutral Sentiment: Investor commentary continues to focus on whether Dell’s AI-server rally can extend after a sharp year-to-date advance. Articles point to strong customer adoption and backlog growth but also question whether the stock’s valuation already reflects much of the opportunity. One Overlooked AI Stock That Could Surprise Investors
• Negative Sentiment: Several Silver Lake-affiliated director entities disclosed sales totaling about 127,100 Dell shares worth approximately $73.1 million. Three transactions reduced reported positions by roughly 68% to 72%, while another was a small 0.26% reduction. The scale of the sales may pressure sentiment, although the filings do not establish the reason for the transactions. SEC Insider Sale Filing
• Negative Sentiment: Profit-taking in server stocks, including Super Micro Computer, spilled into the broader AI-hardware group. Dell’s shares were more resilient than some peers, but the sector move indicates investors may be consolidating gains after the recent rally. Profit Taking Hits Server Stocks

About Dell Technologies

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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