Dell Technologies Inc. $DELL Stock: Citizens Financial Group Inc. RI Boosts Stake

Key Points

• Citizens Financial Group increased its Dell stake by 20.6% in the third quarter to 14,950 shares valued at $8.04 million. Institutional investors and hedge funds collectively own 76.37% of Dell.
• Dell reported strong quarterly results, with EPS of $7.04 and revenue of $46.97 billion, exceeding analyst expectations; revenue rose 57.7% year over year. Analysts maintain a consensus “Moderate Buy” rating with a $569.96 price target.
• Dell’s AI-server business remains a key investment theme, supported by a reported $95 billion AI-server backlog and new AI Factory hardware developed with NVIDIA. However, insider selling, supply-chain concerns and doubts about enterprise AI demand may contribute to volatility.

Citizens Financial Group Inc. RI grew its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 20.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,950 shares of the technology company's stock after acquiring an additional 2,553 shares during the period. Citizens Financial Group Inc. RI's holdings in Dell Technologies were worth $8,043,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of DELL. Plato Investment Management Ltd acquired a new position in Dell Technologies in the second quarter valued at $5,913,000. Kercheville Advisors LLC increased its position in shares of Dell Technologies by 13.6% during the third quarter. Kercheville Advisors LLC now owns 18,800 shares of the technology company's stock worth $10,113,000 after acquiring an additional 2,250 shares in the last quarter. Gabelli Funds LLC lifted its holdings in shares of Dell Technologies by 49.0% in the first quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company's stock valued at $7,565,000 after purchasing an additional 15,150 shares in the last quarter. Segall Bryant & Hamill LLC bought a new stake in shares of Dell Technologies in the 1st quarter worth $5,930,000. Finally, Envestnet Portfolio Solutions Inc. grew its position in Dell Technologies by 71.8% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,166 shares of the technology company's stock worth $2,660,000 after purchasing an additional 2,576 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Egon Durban sold 1,850 shares of the stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $548.40, for a total value of $1,014,540.00. Following the completion of the transaction, the director owned 1,405,236 shares of the company's stock, valued at approximately $770,631,422.40. This trade represents a 0.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of Dell Technologies stock in a transaction that occurred on 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 owned 22,686 shares of the company's stock, valued at approximately $13,210,057.80. This trade represents a 52.91% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,817,628 shares of company stock worth $990,253,476 in the last three months. 41.50% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DELL. Morgan Stanley boosted their target price on shares of Dell Technologies from $499.00 to $511.00 and gave the company an "equal weight" rating in a research note on Monday, September 21st. The Goldman Sachs Group reaffirmed a "buy" rating on shares of Dell Technologies in a report on Friday, October 9th. KeyCorp restated a "sector weight" rating on shares of Dell Technologies in a research report on Wednesday, September 2nd. Daiwa Securities Group upped their price target on Dell Technologies from $465.00 to $625.00 and gave the company an "outperform" rating in a research report on Friday, September 18th. Finally, US Capital Advisors set a $625.00 target price on shares of Dell Technologies in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $569.96.

Key Dell Technologies News

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

• Positive Sentiment: Dell’s reported $95 billion AI-server backlog and comparatively lower valuation were highlighted as advantages over Applied Digital, strengthening the investment case for Dell as AI infrastructure spending continues. DELL vs. APLD: Which AI-Infrastructure Stock Looks More Attractive?
• Positive Sentiment: Dell introduced new AI Factory hardware with NVIDIA, reinforcing its positioning as a supplier of complete AI computing systems and countering recent concerns about slowing enterprise demand. Dell Unveiled New AI Servers
• Positive Sentiment: Texas Athletics, Dell, Google Cloud and SHI International launched the Bevo Lab, an AI and analytics platform that expands Dell’s technology visibility in higher education and sports research. The deal is strategically positive but unlikely to materially affect near-term earnings. Texas Athletics and McCombs Launch Bevo Lab
• Neutral Sentiment: Dell rose alongside other AI-server stocks as the sector stabilized, although Hewlett Packard Enterprise outperformed Dell and Super Micro was little changed. The move suggests broader sector sentiment rather than a Dell-specific announcement. AI Server Peers Market Update
• Negative Sentiment: The previous session’s steep decline reflected profit-taking, technology-sector weakness and reported supply-chain concerns. Barclays’ recent downgrade, based partly on doubts about enterprise AI demand, continues to weigh on sentiment and may contribute to volatility. Dell Stock Drops in Tech Sell-Off

Dell Technologies Stock Up 0.1%

NYSE DELL opened at $456.89 on Monday. Dell Technologies Inc. has a twelve month low of $110.22 and a twelve month high of $595.51. The firm has a market capitalization of $290.49 billion, a PE ratio of 26.52, a P/E/G ratio of 0.47 and a beta of 1.37. The stock's 50 day moving average is $513.41 and its 200 day moving average is $405.17.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating analysts' consensus estimates of $4.91 by $2.13. The firm had revenue of $46.97 billion for the quarter, compared to analysts' expectations of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The business's revenue for the quarter was up 57.7% on a year-over-year basis. During the same quarter in the prior year, the company 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, research analysts anticipate that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

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

Dell Technologies 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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