Dell Technologies Inc. $DELL Stock Sold by Kendall Capital Management

Key Points

• Kendall Capital Management cut its Dell Technologies stake by 9.4% in the third quarter, selling 5,666 shares and retaining 54,614 shares valued at $29.38 million. Institutional investors collectively own 76.37% of Dell.
• Analyst sentiment remains positive overall, with a consensus “Moderate Buy” rating and an average price target of $569.96, though Barclays downgraded the stock to “equal weight” and lowered its target to $574.
• Dell reported strong quarterly results, including $46.97 billion in revenue, up 57.7% year over year, and $7.04 in adjusted earnings per share versus a $4.91 consensus estimate. The company also declared a quarterly dividend of $0.63 per share.

Kendall Capital Management lowered its holdings in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 9.4% in the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 54,614 shares of the technology company's stock after selling 5,666 shares during the period. Dell Technologies comprises about 4.8% of Kendall Capital Management's portfolio, making the stock its 3rd biggest holding. Kendall Capital Management's holdings in Dell Technologies were worth $29,380,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DELL. Collective Family Office LLC grew its position in Dell Technologies by 1.5% in the third quarter. Collective Family Office LLC now owns 1,299 shares of the technology company's stock valued at $699,000 after acquiring an additional 19 shares during the last quarter. Cornerstone Financial Management LLC raised its stake 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 in the last quarter. Beaumont Financial Advisors LLC lifted its holdings in shares of Dell Technologies by 0.3% in the third quarter. Beaumont Financial Advisors LLC now owns 8,713 shares of the technology company's stock worth $4,687,000 after acquiring an additional 24 shares during the last quarter. Noble Wealth Management PBC lifted its holdings 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. Finally, Grandview Asset Management LLC lifted its holdings in shares of Dell Technologies by 4.9% in the third quarter. Grandview Asset Management LLC now owns 536 shares of the technology company's stock worth $288,000 after acquiring an additional 25 shares during the last quarter. 76.37% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

DELL has been the topic of a number of research analyst reports. Sanford C. Bernstein raised their price target on shares of Dell Technologies from $500.00 to $650.00 and gave the company an "outperform" rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group reissued a "buy" rating on shares of Dell Technologies in a research note on Friday, October 9th. Barclays lowered shares of Dell Technologies from an "overweight" rating to an "equal weight" rating and cut their target price for the company from $603.00 to $574.00 in a research report on Wednesday, October 14th. KeyCorp reaffirmed a "sector weight" rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. Finally, Susquehanna reaffirmed a "positive" rating on shares of Dell Technologies in a research note on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $569.96.

Insider Activity

In other news, Director Egon Durban sold 1,850 shares of Dell Technologies stock in a transaction 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 in the company, valued at approximately $770,631,422.40. The trade was a 0.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Silver Lake Partners V. De (Aiv sold 25,494 shares of Dell Technologies stock in a transaction on 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 transaction, the director owned 22,686 shares in the company, valued at approximately $13,210,057.80. This trade represents a 52.91% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last ninety days, insiders sold 1,817,628 shares of company stock worth $990,253,476. Company insiders own 41.50% of the company's stock.

Key Stories Impacting Dell Technologies

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%

Shares of DELL stock opened at $456.89 on Friday. The business's 50-day moving average price is $513.41 and its 200-day moving average price is $403.55. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $595.51. The firm has a market capitalization of $290.49 billion, a price-to-earnings ratio of 26.52, 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, topping the consensus estimate of $4.91 by $2.13. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The company had revenue of $46.97 billion for the quarter, compared to analysts' expectations of $44.89 billion. During the same period in the previous year, the business posted $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. On average, 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. Shareholders of record on Tuesday, October 20th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies's payout ratio is presently 14.63%.

About Dell Technologies

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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