Dell Technologies Inc. $DELL Stake Cut by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management cut its Dell stake by 38.5% in the third quarter, selling 53,697 shares and retaining 85,863 shares valued at approximately $46.2 million. Institutional investors collectively own 76.37% of Dell’s stock.
• Dell reported strong quarterly results, with EPS of $7.04 versus the $4.91 consensus and revenue of $46.97 billion, up 57.7% year over year. The company also declared a quarterly dividend of $0.63 per share, equating to a 0.6% annualized yield.
• Insiders sold approximately $990.3 million of Dell shares over the past 90 days, adding caution as analysts debate the stock’s elevated valuation and the sustainability of AI-server demand. Despite this, Wall Street maintains a “Moderate Buy” consensus with an average price target of $569.96.

Assenagon Asset Management S.A. trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 38.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 85,863 shares of the technology company's stock after selling 53,697 shares during the period. Assenagon Asset Management S.A.'s holdings in Dell Technologies were worth $46,190,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. State of Alaska Department of Revenue boosted its position in shares of Dell Technologies by 1.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 28,637 shares of the technology company's stock worth $15,405,000 after purchasing an additional 293 shares in the last quarter. Formuepleje A S acquired a new position in shares of Dell Technologies during the 3rd quarter worth $623,000. KG Capital Management purchased a new position in shares of Dell Technologies in the 3rd quarter valued at about $358,000. Howard Financial Services LTD. increased its holdings in shares of Dell Technologies by 10.6% in the 3rd quarter. Howard Financial Services LTD. now owns 791 shares of the technology company's stock valued at $426,000 after purchasing an additional 76 shares in the last quarter. Finally, Mather Group LLC. lifted its stake in shares of Dell Technologies by 121.8% in the third quarter. Mather Group LLC. now owns 3,506 shares of the technology company's stock valued at $1,886,000 after purchasing an additional 1,925 shares during the period. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Buying and Selling at Dell Technologies

In related news, Director Egon Durban sold 1,850 shares of the stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $548.40, for a total transaction of $1,014,540.00. Following the transaction, the director directly owned 1,405,236 shares in the company, valued at approximately $770,631,422.40. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of the firm's stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $582.30, for a total value of $14,845,156.20. Following the completion of the sale, the director directly owned 22,686 shares in the company, valued at approximately $13,210,057.80. The trade was a 52.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders have sold 1,817,628 shares of company stock valued at $990,253,476. 41.50% of the stock is currently owned by insiders.

Dell Technologies Price Performance

DELL stock opened at $450.68 on Friday. The company's 50 day simple moving average is $514.56 and its 200-day simple moving average is $393.30. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $595.51. The firm has a market capitalization of $286.55 billion, a PE ratio of 26.16, a P/E/G ratio of 0.47 and a beta of 1.37.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) 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 firm had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. During the same period in the previous year, the firm posted $1.70 EPS. The company's quarterly 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. As a group, sell-side analysts anticipate that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be issued a dividend of $0.63 per share. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies's dividend payout ratio (DPR) is 14.63%.

More Dell Technologies News

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

• Positive Sentiment: Dell was selected as a core AI infrastructure partner for Honeywell’s Forge Cognition platform, alongside NVIDIA. The partnership could expand Dell’s enterprise and industrial AI exposure through deployments at data centers and edge locations. Dell Lands Core AI Infrastructure Role in New Industrial Platform
• Positive Sentiment: Commentary continues to point to strong AI-server demand and a record backlog. CEO Michael Dell’s expectation that memory shortages could persist for several years underscores the scale of AI infrastructure demand, although it also creates supply and cost risks. Michael Dell Warns Memory Shortage Could Be a Four-Year Problem
• Neutral Sentiment: Dell says its just-in-time manufacturing and customer-funded model could reduce inventory and balance-sheet exposure if AI spending slows. The strategy may limit downside in a downturn, but it also signals that investors are increasingly focused on the possibility of an AI investment slowdown. Michael Dell Has Tips to Beat an AI Bust
• Negative Sentiment: Barclays downgraded Dell to Equal Weight from Overweight, arguing that the stock’s valuation has risen sharply while evidence of a broad enterprise-AI spending inflection remains limited. The downgrade contributed to continued selling after Dell’s major rally. Barclays Downgrades Dell Technologies
• Negative Sentiment: Investors are questioning whether AI-server revenue growth is being driven by durable demand or elevated memory and component prices. Higher costs could pressure margins and reduce the earnings benefit of rising sales. Dell Stock’s Stellar Year Hits a Snag
• Negative Sentiment: AI hardware stocks broadly weakened amid concerns about how customers are financing massive infrastructure projects, while hotter inflation increased pressure on high-growth technology valuations. Dell’s recent insider sales added another source of investor caution. AI Financing Worries Extend Hardware Selloff

Wall Street Analyst Weigh In

DELL has been the subject of a number of research reports. Mizuho lifted their price target on shares of Dell Technologies from $600.00 to $650.00 and gave the company an "outperform" rating in a research report on Tuesday, October 6th. Sanford C. Bernstein upped their price target on Dell Technologies from $500.00 to $650.00 and gave the stock an "outperform" rating in a report on Wednesday, September 2nd. Truist Financial raised their price objective on Dell Technologies from $360.00 to $505.00 and gave the company a "hold" rating in a research note on Wednesday, September 2nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Dell Technologies in a research note on Wednesday, August 12th. Finally, Royal Bank Of Canada assumed coverage on Dell Technologies in a report on Thursday, September 10th. They set an "outperform" rating and a $640.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $569.96.

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.

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.