Dell Technologies Inc. $DELL Stake Trimmed by QRG Capital Management Inc.

Key Points

• QRG Capital Management cut its Dell Technologies stake by 11% in the second quarter, selling 2,802 shares and retaining 22,561 shares valued at approximately $9.7 million. Institutional investors collectively own 76.37% of Dell.
• Analyst sentiment remains favorable, with a consensus “Moderate Buy” rating and an average price target of $567.12, although several firms maintain “Hold” or sector-weight ratings.
• Dell reported strong quarterly results, including EPS of $7.04 versus $4.91 expected and 57.7% year-over-year revenue growth to $46.97 billion. However, the stock’s elevated valuation and substantial insider selling present potential risks despite its AI-driven growth prospects.

QRG Capital Management Inc. reduced its position in Dell Technologies Inc. (NYSE:DELL - Free Report) by 11.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,561 shares of the technology company's stock after selling 2,802 shares during the quarter. QRG Capital Management Inc.'s holdings in Dell Technologies were worth $9,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of the company. Cornerstone Financial Management LLC lifted its position 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 valued at $28,000 after acquiring an additional 23 shares in the last quarter. Triumph Capital Management grew its position in shares of Dell Technologies by 2.3% during the second quarter. Triumph Capital Management now owns 1,405 shares of the technology company's stock worth $606,000 after purchasing an additional 32 shares in the last quarter. Accel Wealth Management raised its stake in Dell Technologies by 2.8% during the 2nd quarter. Accel Wealth Management now owns 1,421 shares of the technology company's stock valued at $613,000 after purchasing an additional 39 shares during the period. West Family Investments Inc. raised its stake in Dell Technologies by 3.6% during the 2nd quarter. West Family Investments Inc. now owns 1,263 shares of the technology company's stock valued at $545,000 after purchasing an additional 44 shares during the period. Finally, Ariadne Wealth Management LP lifted its holdings in Dell Technologies by 1.6% in the 1st quarter. Ariadne Wealth Management LP now owns 3,092 shares of the technology company's stock worth $508,000 after purchasing an additional 49 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Analyst Ratings Changes

DELL has been the subject of a number of research analyst reports. The Goldman Sachs Group increased their price objective on shares of Dell Technologies from $510.00 to $570.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Jefferies Financial Group downgraded shares of Dell Technologies to a "hold" rating in a report on Monday, June 1st. Truist Financial raised their target price on shares of Dell Technologies from $360.00 to $505.00 and gave the company a "hold" rating in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Dell Technologies in a report on Thursday, September 3rd. They issued a "hold" rating and a $480.00 price target on the stock. Finally, KeyCorp reiterated a "sector weight" 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-six have issued a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $567.12.

Dell Technologies Price Performance

Shares of DELL opened at $536.59 on Friday. The stock has a market capitalization of $341.17 billion, a price-to-earnings ratio of 31.14, a price-to-earnings-growth ratio of 0.57 and a beta of 1.34. Dell Technologies Inc. has a 1 year low of $110.22 and a 1 year high of $595.51. The business's 50 day simple moving average is $474.97 and its 200-day simple moving average is $351.38.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts' consensus estimates of $4.91 by $2.13. The firm had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. Dell Technologies's revenue for the quarter was up 57.7% compared to the same quarter last year. During the same period last year, the firm posted $1.70 earnings per share. 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 expect that Dell Technologies Inc. will post 25.14 earnings per share for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be issued a $0.63 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.5%. Dell Technologies's payout ratio is 14.63%.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Dell’s AI business continues to provide significant growth visibility. The company reportedly has approximately $95 billion in AI-server backlog, record orders and more than 6,500 AI customers. Analysts also view Dell as well positioned for on-premises AI deployments. Dell AI infrastructure comparison
• Positive Sentiment: Dell’s September 10 bond sale raised $5 billion, while investors submitted as much as $23 billion in orders. The strong demand supports confidence in Dell’s credit quality and its ability to finance expansion tied to AI servers. Dell bond sale article
• Neutral Sentiment: Recent earnings remain a major fundamental support: Dell reported $7.04 in quarterly EPS versus the $4.91 consensus, while revenue increased 57.7% year over year to $46.97 billion. However, the strong results and AI growth have already produced a very high valuation and elevated investor expectations.
• Neutral Sentiment: Management’s messaging has increasingly emphasized AI infrastructure rather than the topic it highlighted two years ago, although the older business still generated approximately $51 billion, or 45% of fiscal 2026 revenue. This reflects a strategic shift in investor focus, not the disappearance of that business. What changed in Dell’s story
• Negative Sentiment: Reports of delays at Oracle’s Project Jupiter data center pressured AI-infrastructure stocks, raising concerns about the timing of hyperscaler deployments and near-term server demand. Dell stock and Oracle Project Jupiter
• Negative Sentiment: Insiders and Silver Lake-affiliated holders have sold substantial amounts of Dell shares, including approximately $32 million by notable executives and directors. Although some sales occurred under pre-arranged Rule 10b5-1 plans, the transactions add supply and profit-taking concerns after the stock’s steep rally. Dell executive stock sales
• Negative Sentiment: UBS lowered its 2027 PC outlook from growth to contraction, creating a headwind for Dell’s client hardware business. Investors are also questioning whether AI-driven earnings growth and margins can justify the company’s premium multiple. UBS PC outlook

Insider Transactions at Dell Technologies

In other Dell Technologies news, Director Silver Lake Partners V. De (Aiv sold 26,553 shares of the business's stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $585.91, for a total transaction of $15,557,668.23. Following the sale, the director directly owned 59,331 shares of the company's stock, valued at $34,762,626.21. The trade was a 30.92% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Spv-2 L.P. Sl sold 46,253 shares of the company's stock in a transaction that occurred on Thursday, September 17th. The shares were sold at an average price of $585.91, for a total value of $27,100,095.23. Following the sale, the director owned 114,714 shares in the company, valued at approximately $67,212,079.74. This trade represents a 28.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 2,077,295 shares of company stock worth $1,064,856,912. 41.50% of the stock is currently owned by corporate insiders.

About Dell Technologies

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, displays, peripherals and related accessories marketed primarily under the Dell brand.

The company also provides enterprise infrastructure solutions, including servers, storage systems, networking equipment, data protection, cybersecurity and cloud-related technologies. Dell Technologies supports organizations with consulting, deployment, managed and support services designed to help them operate data centers, hybrid cloud environments and modern workplace technology.

Michael Dell founded the company in 1984 and serves as its chairman and chief executive officer.

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