Dell Technologies Inc. $DELL Stock: Formidable Asset Management LLC Trims Position

Key Points

• Formidable Asset Management cut its Dell stake by 62.8% in the third quarter, selling 4,243 shares and retaining 2,514 shares valued at about $1.35 million.
• Analysts remain broadly positive: Dell has a “Moderate Buy” consensus and an average price target of $569.96, though ratings include 9 Holds.
• Dell reported quarterly EPS of $7.04, beating estimates of $4.91, while revenue rose 57.7% year over year to $46.97 billion. Recent trading has been volatile amid concerns about AI infrastructure spending and server-sector risks.

Formidable Asset Management LLC lowered its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 62.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,514 shares of the technology company's stock after selling 4,243 shares during the period. Formidable Asset Management LLC's holdings in Dell Technologies were worth $1,352,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. 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 stake in 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 during the last quarter. Gabelli Funds LLC raised its holdings in shares of Dell Technologies by 49.0% in the 1st quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company's stock worth $7,565,000 after purchasing an additional 15,150 shares during the period. Segall Bryant & Hamill LLC purchased a new position in shares of Dell Technologies in the 1st quarter worth about $5,930,000. Finally, Jackson Square Capital LLC lifted its stake in shares of Dell Technologies by 15.1% in the 3rd quarter. Jackson Square Capital LLC now owns 17,115 shares of the technology company's stock valued at $9,207,000 after purchasing an additional 2,243 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Sanford C. Bernstein increased their target price 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. Weiss Ratings downgraded shares of Dell Technologies from a "buy (b)" rating to a "buy (b-)" rating in a research note on Tuesday. TD Cowen lifted their target price on shares of Dell Technologies from $500.00 to $550.00 and gave the company a "hold" rating in a report on Tuesday, September 29th. Wells Fargo & Company raised 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. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Dell Technologies in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $569.96.

Insider Activity at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value of $47,176,751.94. Following the completion of the transaction, the director owned 64,209 shares of the company's stock, valued at approximately $33,217,884.06. This trade represents a 58.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Spv-2 L.P. Sl sold 83,006 shares of Dell Technologies stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $42,942,324.04. Following the transaction, the director owned 73,185 shares in the company, valued at approximately $37,861,527.90. The trade was a 53.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last three months, insiders sold 1,819,650 shares of company stock worth $991,183,596. 41.50% of the stock is currently owned by insiders.

Dell Technologies Stock Performance

Shares of NYSE:DELL opened at $329.02 on Friday. The company has a market capitalization of $209.19 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 0.34 and a beta of 1.45. The stock has a fifty day moving average of $504.83 and a 200-day moving average of $336.43. Dell Technologies Inc. has a one year low of $110.22 and a one year high of $595.51.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly 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 business had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. Dell Technologies's revenue for the quarter was up 57.7% on a year-over-year basis. During the same quarter last year, the company posted $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. As a group, research analysts forecast that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Tuesday, October 20th. Dell Technologies's dividend payout ratio (DPR) is presently 14.63%.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Investors bought AI-hardware stocks back after recent steep losses. Reports point to record AI backlogs and steady earnings expectations, while Dell and Nvidia’s strong revenue growth suggests demand has not yet broadly weakened. Article: AI server stocks rebound Article: Dell vs. Nvidia
• Neutral Sentiment: The rebound follows a sell-off that hit Dell and other AI-server makers particularly hard, so recent volatility remains elevated. Article: Dell sinks as tech sell-off deepens
• Negative Sentiment: Investors remain concerned that political changes could slow data-center construction and curb AI-infrastructure spending. Memory-supply pressures and potential execution risks—including cash needs and debt across the AI-server sector—could also weigh on sentiment if the rebound fades. Article: AI sell-off and data-center concerns Article: AI hardware sell-off risks

Dell Technologies Company Profile

Dell Technologies is a global technology company that develops, sells and supports computers and related infrastructure. Its products include personal computers, workstations, monitors and peripherals, as well as servers, storage systems and networking equipment for businesses and other organizations.

The company also provides technology services and solutions, including support, consulting and offerings related to cloud computing, data management and cybersecurity. Dell serves consumers, businesses, governments and other institutions in markets around the world.

Founded by Michael Dell in 1984, the company is headquartered in Round Rock, Texas.

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