Dell Technologies Inc. $DELL Stock Sold by Gunderson Capital Management LLC

Key Points

• Gunderson Capital Management cut its Dell Technologies stake by 45% in the third quarter, selling 22,226 shares and retaining 27,175 shares worth approximately $14.6 million.
• Institutional ownership remains high at 76.37%, with several major investors—including Wellington Management, Bank of America and Renaissance Technologies—adding to their positions, indicating mixed sentiment.
• Dell shares fell 9.0% to $462.21, despite the company beating quarterly earnings and revenue estimates. Analysts maintained a broadly positive outlook, with a consensus “Moderate Buy” rating and a $569.96 target price; Dell also announced a $0.63 quarterly dividend.

Gunderson Capital Management LLC decreased its holdings in Dell Technologies Inc. (NYSE:DELL - Free Report) by 45.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,175 shares of the technology company's stock after selling 22,226 shares during the period. Dell Technologies comprises approximately 3.9% of Gunderson Capital Management LLC's portfolio, making the stock its 10th largest position. Gunderson Capital Management LLC's holdings in Dell Technologies were worth $14,619,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. Wellington Management Group LLP lifted its holdings in shares of Dell Technologies by 140.1% in the 2nd quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company's stock valued at $1,090,294,000 after buying an additional 1,474,347 shares during the period. Bank of America Corp DE grew its holdings in Dell Technologies by 7.6% during the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company's stock valued at $2,362,624,000 after buying an additional 1,011,101 shares during the last quarter. Auto Owners Insurance Co increased its position in Dell Technologies by 12,488.0% during the fourth quarter. Auto Owners Insurance Co now owns 522,024 shares of the technology company's stock worth $6,571,000 after buying an additional 517,877 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Dell Technologies by 70.2% in the first quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company's stock worth $118,432,000 after acquiring an additional 297,500 shares during the last quarter. Finally, Quantinno Capital Management LP lifted its position in shares of Dell Technologies by 73.4% in the first quarter. Quantinno Capital Management LP now owns 438,347 shares of the technology company's stock valued at $71,946,000 after acquiring an additional 185,527 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company's stock.

Dell Technologies Trading Down 9.0%

NYSE:DELL traded down $45.72 during trading hours on Thursday, hitting $462.21. The stock had a trading volume of 9,645,745 shares, compared to its average volume of 8,280,659. The business has a 50 day simple moving average of $513.95 and a two-hundred day simple moving average of $390.78. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $595.51. The company has a market cap of $293.88 billion, a PE ratio of 26.92, a price-to-earnings-growth ratio of 0.59 and a beta of 1.37.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share 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 business had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. During the same period in the prior year, the firm earned $1.70 earnings per share. The business's quarterly 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. Research analysts expect that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies's dividend payout ratio is presently 14.63%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. US Capital Advisors set a $625.00 price objective on Dell Technologies in a research report on Wednesday, September 2nd. Evercore reaffirmed an "outperform" rating and set a $650.00 price target on shares of Dell Technologies in a research note on Wednesday, September 9th. Wells Fargo & Company boosted their price objective on shares of Dell Technologies from $505.00 to $545.00 and gave the company an "overweight" rating in a research report on Friday, August 14th. Daiwa Securities Group upped their price objective on shares of Dell Technologies from $465.00 to $625.00 and gave the company an "outperform" rating in a research note on Friday, September 18th. Finally, Mizuho lifted their price target on Dell Technologies from $600.00 to $650.00 and gave the company an "outperform" rating in a report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Dell Technologies has a consensus rating of "Moderate Buy" and a consensus target price of $569.96.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 44,408 shares of the firm's stock in a transaction on Friday, October 9th. The shares were sold at an average price of $582.30, for a total transaction of $25,858,778.40. Following the completion of the transaction, the director directly owned 43,740 shares of the company's stock, valued at $25,469,802. This trade represents a 50.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of the business's stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $582.30, for a total transaction of $14,845,156.20. Following the completion of the sale, the director directly owned 22,686 shares of the company's stock, valued at $13,210,057.80. The trade was a 52.91% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 1,817,628 shares of company stock valued at $990,253,476. Corporate insiders own 41.50% of the company's stock.

Dell Technologies News Summary

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

• Positive Sentiment: CEO Michael Dell said AI demand could keep memory and semiconductor supplies constrained through 2029 or 2030, suggesting durable demand for Dell’s AI servers and infrastructure. Michael Dell Warns Memory Shortage Could Be a Four-Year Problem
• Positive Sentiment: Dell is supplying technology for Honeywell’s Forge Cognition platform, developed with NVIDIA, which expands the company’s potential enterprise and industrial AI opportunities beyond data-center customers. Honeywell Launches Forge Cognition AI Platform With Nvidia and Dell Technologies
• Neutral Sentiment: Recent institutional activity has been mixed: several funds increased their Dell holdings, while others reduced positions. This indicates continued interest but also potential profit-taking after the stock’s substantial rally.
• Negative Sentiment: Barclays downgraded Dell from Overweight to Equal Weight and argued that the valuation had risen too far without a meaningful near-term enterprise-AI demand inflection. The downgrade followed a major six-month advance and prompted a reassessment of the stock’s risk-reward profile. Dell stock plunges after Barclays downgrade
• Negative Sentiment: Investors are questioning whether Dell’s AI-server backlog reflects lasting customer demand or higher memory and component prices. Rising costs and an unfavorable mix toward AI systems could pressure gross margins and limit earnings growth. Why Dell's stock was one of the S&P 500's biggest laggards
• Negative Sentiment: Broader concerns about enterprise AI spending, hotter inflation and potentially tighter Federal Reserve policy intensified the retreat in high-growth technology shares, weighing on Dell alongside other data-center companies. AI stocks drop after hot inflation report
• Negative Sentiment: Silver Lake-related entities disclosed sales of Dell shares totaling tens of millions of dollars, including transactions that substantially reduced some holdings. While these may represent portfolio management, the selling adds to investor concerns after the rally. SEC ownership filing

About Dell Technologies

Dell Technologies Inc NYSE: DELL is a global technology company that develops, sells and supports information technology hardware, software and services. Its offerings include personal computers, workstations, monitors, accessories and other client devices, as well as enterprise infrastructure products such as servers, storage systems, networking equipment and data protection solutions.

The company also provides technology consulting, support, managed services and infrastructure solutions designed to help organizations operate data centers, private and hybrid clouds, artificial intelligence workloads and digital workplaces.

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