Dell Technologies Inc. $DELL Stock: Pinnacle Associates Ltd. Lowers Position

Key Points

• Pinnacle Associates reduced its Dell position by 21.7% in the third quarter, selling 4,704 shares and retaining 17,003 shares valued at approximately $9.15 million. Institutional investors collectively own 76.37% of Dell.
• Dell reported a strong quarter, with EPS of $7.04 versus the $4.91 consensus and revenue of $46.97 billion, up 57.7% year over year. The company also declared a quarterly dividend of $0.63 per share, representing a 0.5% yield.
• Wall Street remains generally positive, with Dell receiving a “Moderate Buy” consensus rating and an average price target of $569.96, although some analysts have raised concerns about valuation, component shortages and risks among AI-infrastructure customers.

Pinnacle Associates Ltd. trimmed its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 21.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 17,003 shares of the technology company's stock after selling 4,704 shares during the period. Pinnacle Associates Ltd.'s holdings in Dell Technologies were worth $9,147,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Noble Wealth Management PBC lifted its holdings in Dell Technologies by 113.6% in the third quarter. Noble Wealth Management PBC now owns 47 shares of the technology company's stock valued at $25,000 after acquiring an additional 25 shares during the period. Cornerstone Financial Management LLC boosted its position in Dell Technologies by 56.1% in the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company's stock worth $28,000 after purchasing an additional 23 shares in the last quarter. Premier Financial Group acquired a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $34,000. Portus Wealth Advisors LLC acquired a new stake in shares of Dell Technologies during the 1st quarter worth approximately $35,000. Finally, Byrne Asset Management LLC acquired a new stake in shares of Dell Technologies during the 2nd quarter worth approximately $38,000. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Trading Up 5.4%

Shares of DELL stock opened at $486.29 on Thursday. The company has a market capitalization of $309.19 billion, a P/E ratio of 28.22, a P/E/G ratio of 0.48 and a beta of 1.37. The business's 50 day moving average is $514.95 and its two-hundred day moving average is $401.21. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $595.51.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13. The company had revenue of $46.97 billion for 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 quarterly revenue was up 57.7% compared to the same quarter last year. During the same period last year, the company earned $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 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 given a dividend of $0.63 per share. 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 dividend payout ratio (DPR) is 14.63%.

Insider Transactions at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of the business's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $586.40, for a total value of $1,055,520.00. Following the completion of the sale, the director owned 1,404,569 shares of the company's stock, valued at approximately $823,639,261.60. The trade was a 0.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Egon Durban sold 1,850 shares of the company's stock in a transaction on Wednesday, September 23rd. The stock was sold at an average price of $548.40, for a total transaction of $1,014,540.00. Following the transaction, the director owned 1,405,236 shares of the company's stock, valued at $770,631,422.40. This represents a 0.13% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,817,628 shares of company stock worth $990,253,476 in the last ninety days. Company insiders own 41.50% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on DELL shares. 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. Cantor Fitzgerald began coverage on shares of Dell Technologies in a report on Wednesday, September 2nd. They set an "overweight" rating on the stock. Melius Research raised their price target on shares of Dell Technologies from $650.00 to $735.00 and gave the company a "buy" rating in a research report on Wednesday, September 2nd. Daiwa Securities Group lifted their price objective on shares of Dell Technologies from $465.00 to $625.00 and gave the company an "outperform" rating in a report on Friday, September 18th. Finally, Mizuho upped their price objective on shares of Dell Technologies from $600.00 to $650.00 and gave the stock an "outperform" rating in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $569.96.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Super Micro’s stronger outlook lifted the AI-server group. Super Micro raised its preliminary fiscal first-quarter revenue forecast to $18.5 billion-$19.5 billion, approximately $4 billion above its prior midpoint, and projected gross margins of 12%-12.5%. The update provided fresh evidence of robust AI infrastructure demand and supported Dell and other server makers. Why Is Dell Stock Surging Wednesday?
• Positive Sentiment: Dell expanded its AI Factory platform with NVIDIA. New offerings span deskside agentic-AI systems, workstations and data-center infrastructure designed to help enterprises move AI from testing into production. Dell said its AI Factory customer base has grown to more than 6,500 from 5,000 in the prior quarter, strengthening the investment case for its AI-server backlog and ecosystem. Dell Technologies Advances Enterprise Agentic AI from the Deskside to Data Center with NVIDIA
• Positive Sentiment: Management emphasized supply availability as a competitive advantage. Dell said that, in the tight AI market, access to components and delivery capacity may matter more than price, suggesting demand remains strong enough for customers to prioritize timely deployment. In a tight AI market, Dell says supply matters more than price
• Positive Sentiment: Dell reportedly raised its dividend by 20% for the fourth consecutive year, adding to shareholder-return support and signaling confidence in cash generation. Dell Technologies raises its dividend 20% for the fourth year running
• Neutral Sentiment: Former Dell CFO Yvonne McGill joined Sourceability’s board. The appointment highlights her industry experience but has limited direct financial impact on Dell. Sourceability Appoints Yvonne McGill to Its Board
• Negative Sentiment: Barclays recently downgraded Dell, arguing that its valuation has outpaced the pace of enterprise AI adoption. Investors also remain concerned about memory and other component shortages, as well as debt risks among AI infrastructure customers such as CoreWeave. Dell Stock Got Hit by a Downgrade

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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