Dell Technologies Inc. $DELL Stock Bought by United Asset Strategies Inc.

Key Points

• United Asset Strategies increased its Dell Technologies stake by 169.4% in the third quarter, bringing its holdings to 9,842 shares valued at approximately $5.3 million. Institutional investors collectively own 76.37% of DELL.
• Dell reported strong quarterly results, with revenue rising 57.7% year over year to $46.97 billion and EPS of $7.04, well above the $4.91 consensus estimate. Its AI server business remains a key growth driver, supported by a reported $95 billion backlog.
• Analysts maintain a consensus “Moderate Buy” rating with an average price target of $569.96, although Barclays downgraded the stock to “equal weight.” Dell also announced a quarterly dividend of $0.63 per share, while insiders sold roughly $991.2 million of stock during the last quarter.

United Asset Strategies Inc. grew its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 169.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 9,842 shares of the technology company's stock after acquiring an additional 6,189 shares during the period. United Asset Strategies Inc.'s holdings in Dell Technologies were worth $5,295,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Plato Investment Management Ltd purchased a new position in Dell Technologies in the 2nd quarter worth about $5,913,000. Kercheville Advisors LLC raised its holdings in Dell Technologies by 13.6% during the 3rd quarter. Kercheville Advisors LLC now owns 18,800 shares of the technology company's stock worth $10,113,000 after buying an additional 2,250 shares during the period. Gabelli Funds LLC lifted its stake in Dell Technologies by 49.0% during the first quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company's stock valued at $7,565,000 after buying an additional 15,150 shares in the last quarter. Segall Bryant & Hamill LLC acquired a new position in shares of Dell Technologies in the first quarter worth about $5,930,000. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in shares of Dell Technologies by 71.8% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,166 shares of the technology company's stock worth $2,660,000 after buying an additional 2,576 shares during the period. 76.37% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of recent analyst reports. The Goldman Sachs Group restated a "buy" rating on shares of Dell Technologies in a report on Friday, October 9th. JPMorgan Chase & Co. raised their price objective on shares of Dell Technologies from $565.00 to $635.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 2nd. Sanford C. Bernstein lifted their price objective on shares of Dell Technologies from $500.00 to $650.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 2nd. Barclays downgraded shares of Dell Technologies from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $603.00 to $574.00 in a research note on Wednesday, October 14th. Finally, Bank of America increased their target price on Dell Technologies from $505.00 to $600.00 and gave the company a "buy" rating in a report on Monday, August 31st. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $569.96.

Key Dell Technologies News

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

• Positive Sentiment: Dell’s AI server business remains the primary bullish catalyst. The company reportedly exited its July quarter with a record $95 billion AI server backlog, while storage growth and upward earnings-estimate revisions are strengthening its position in enterprise infrastructure. Everpure vs. Dell: Which Data Storage Stock is the Better Buy Now?
• Positive Sentiment: The company expanded its cybersecurity and resilience offerings for AI environments, including security for AI infrastructure, identity platforms and storage. New AI PCs and post-quantum cryptography capabilities could broaden Dell’s addressable market and improve its competitive standing against Cisco and Hewlett Packard Enterprise. Dell Technologies Strengthens Cybersecurity and Resilience Across AI Environments
• Positive Sentiment: Investors are preparing for Dell’s upcoming quarterly report, with analysts anticipating triple-digit year-over-year EPS growth. Earlier results also showed strong execution, including revenue growth of 57.7% and an EPS beat. What You Need to Know Ahead of Dell Technologies’ Earnings Release

Dell Technologies Stock Performance

Shares of DELL opened at $475.81 on Friday. The company has a market capitalization of $302.52 billion, a PE ratio of 27.62, a PEG ratio of 0.51 and a beta of 1.37. The company's 50 day moving average price is $513.95 and its 200 day moving average price is $328.78. 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The company's revenue was up 57.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.70 EPS. 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 forecast that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company 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. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. Dell Technologies's dividend payout ratio (DPR) is presently 14.63%.

Insider Activity

In other Dell Technologies news, Director Lynn Vojvodich Radakovich sold 2,022 shares of the business's stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $460.00, for a total value of $930,120.00. Following the transaction, the director owned 25,686 shares in the company, valued at $11,815,560. The trade was a 7.30% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of the company'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 transaction, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 1,819,650 shares of company stock valued at $991,183,596. 41.50% of the stock is currently owned by company insiders.

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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