Dell Technologies Inc. $DELL Stock: Evergreen Capital Management LLC Lowers Stake

Evergreen Capital Management LLC cut its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 18.0% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 65,308 shares of the technology company's stock after selling 14,340 shares during the quarter. Dell Technologies accounts for approximately 0.6% of Evergreen Capital Management LLC's investment portfolio, making the stock its 29th largest position. Evergreen Capital Management LLC's holdings in Dell Technologies were worth $35,132,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Gibbs Wealth Management bought a new position in Dell Technologies during the third quarter valued at $228,000. Barrett & Company Inc. increased its holdings in shares of Dell Technologies by 25.6% in the 3rd quarter. Barrett & Company Inc. now owns 452 shares of the technology company's stock worth $243,000 after buying an additional 92 shares during the last quarter. NORTHSTAR ASSET MANAGEMENT Co increased its holdings in shares of Dell Technologies by 1.6% in the 3rd quarter. NORTHSTAR ASSET MANAGEMENT Co now owns 1,550 shares of the technology company's stock worth $834,000 after buying an additional 25 shares during the last quarter. Capital Investment Advisors LLC raised its position in shares of Dell Technologies by 10.4% during the 3rd quarter. Capital Investment Advisors LLC now owns 1,929 shares of the technology company's stock valued at $1,038,000 after buying an additional 181 shares in the last quarter. Finally, Beaumont Financial Advisors LLC raised its position in shares of Dell Technologies by 0.3% during the 3rd quarter. Beaumont Financial Advisors LLC now owns 8,713 shares of the technology company's stock valued at $4,687,000 after buying an additional 24 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

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 Trading Up 0.9%

Dell Technologies stock opened at $456.89 on Friday. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $595.51. The firm has a 50-day moving average price of $513.41 and a 200-day moving average price of $403.55. The firm has a market capitalization of $290.49 billion, a PE ratio of 26.52, a price-to-earnings-growth ratio of 0.47 and a beta of 1.37.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The company had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. During the same period in the prior year, the firm posted $1.70 EPS. The firm'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. As a group, sell-side analysts predict that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

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 paid 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 dividend yield of 0.6%. Dell Technologies's dividend payout ratio is currently 14.63%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Susquehanna reaffirmed a "positive" rating on shares of Dell Technologies in a report on Tuesday, September 29th. The Goldman Sachs Group restated a "buy" rating on shares of Dell Technologies in a research report on Friday, October 9th. Wells Fargo & Company upped their price objective on Dell Technologies from $505.00 to $545.00 and gave the company an "overweight" rating in a research report on Friday, August 14th. Cantor Fitzgerald initiated coverage on Dell Technologies in a research note on Wednesday, September 2nd. They issued an "overweight" rating for the company. Finally, Evercore reiterated an "outperform" rating and issued a $650.00 target price on shares of Dell Technologies in a report on Wednesday, September 9th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company's stock. According to MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $569.96.

Insider Transactions at Dell Technologies

In other news, Director Spv-2 L.P. Sl sold 44,408 shares of the 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 $25,858,778.40. Following the sale, the director directly owned 43,740 shares in the company, valued at approximately $25,469,802. This represents a 50.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of the firm's stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $586.40, for a total value of $1,055,520.00. Following the sale, the director directly owned 1,404,569 shares of the company's stock, valued at $823,639,261.60. This represents a 0.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 1,817,628 shares of company stock valued at $990,253,476. Company insiders own 41.50% of the company's stock.

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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