Dell Technologies Inc. $DELL Stock Sold by Atlatl Advisers LLC

Key Points

• Atlatl Advisers cut its Dell stake by 20.2% in the third quarter, selling 2,633 shares and retaining 10,383 shares valued at approximately $5.6 million. Institutional investors collectively own 76.37% of Dell.
• Wall Street remains broadly positive, with a consensus “Moderate Buy” rating and an average price target of $569.96; Bank of America, JPMorgan and Fox Advisors recently raised targets or ratings.
• Dell reported strong quarterly results, including $7.04 in EPS versus the $4.91 estimate and 57.7% year-over-year revenue growth. However, insiders sold roughly $990.3 million of stock over the past quarter, while shares traded at $456.89.

Atlatl Advisers LLC lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 20.2% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 10,383 shares of the technology company's stock after selling 2,633 shares during the period. Dell Technologies makes up approximately 1.3% of Atlatl Advisers LLC's holdings, making the stock its 20th largest position. Atlatl Advisers LLC's holdings in Dell Technologies were worth $5,585,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Noble Wealth Management PBC grew its stake in shares of Dell Technologies by 113.6% in the third quarter. Noble Wealth Management PBC now owns 47 shares of the technology company's stock worth $25,000 after acquiring an additional 25 shares during the last quarter. Cornerstone Financial Management LLC increased its position in Dell Technologies by 56.1% during the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company's stock worth $28,000 after acquiring an additional 23 shares during the period. Premier Financial Group acquired a new position in Dell Technologies during the 2nd quarter valued at $34,000. Byrne Asset Management LLC acquired a new position in Dell Technologies during the 2nd quarter valued at $38,000. Finally, Retirement Wealth Solutions LLC boosted its holdings in Dell Technologies by 41.3% in the 3rd quarter. Retirement Wealth Solutions LLC now owns 89 shares of the technology company's stock valued at $48,000 after purchasing an additional 26 shares during the period. Institutional investors own 76.37% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on DELL. KeyCorp reaffirmed a "sector weight" rating on shares of Dell Technologies in a research report on Wednesday, September 2nd. Bank of America boosted their price target on Dell Technologies from $505.00 to $600.00 and gave the company a "buy" rating in a research note on Monday, August 31st. JPMorgan Chase & Co. upped their price target on Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a report on Wednesday, September 2nd. Fox Advisors upgraded Dell Technologies from an "equal weight" rating to an "overweight" rating and set a $625.00 price objective for the company in a research report on Wednesday, September 2nd. Finally, Wells Fargo & Company lifted their price objective on Dell Technologies from $505.00 to $545.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company. Based on data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus price target of $569.96.

Insider Activity

In other Dell Technologies news, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of the 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 transaction, the director owned 22,686 shares of the company's stock, valued at approximately $13,210,057.80. This represents a 52.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Egon Durban sold 1,850 shares of the business's stock in a transaction that occurred on Wednesday, September 23rd. The shares were 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 approximately $770,631,422.40. This represents a 0.13% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 1,817,628 shares of company stock worth $990,253,476. 41.50% of the stock is currently owned by insiders.

More 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%

NYSE DELL opened at $456.89 on Friday. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $595.51. The company has a 50 day moving average of $513.41 and a 200-day moving average of $403.55. The firm has a market cap of $290.49 billion, a price-to-earnings ratio of 26.11, a PEG ratio of 0.47 and a beta of 1.37.

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 firm had revenue of $46.97 billion during the quarter, compared to analysts' expectations of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The business's revenue was up 57.7% on a year-over-year basis. During the same period last year, the firm 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. On average, analysts forecast that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Dividend Announcement

The business also recently declared 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 is Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.6%. Dell Technologies's dividend payout ratio is 14.63%.

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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