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

Key Points

• REX Advisers cut its Dell stake by 31.5% in the third quarter, selling 2,900 shares and retaining 6,300 shares worth approximately $3.4 million. Dell remains the firm’s largest holding and represents 14.9% of its portfolio.
• Dell’s AI infrastructure business remains a key growth driver, supported by strong server orders, revenue and backlog. Analysts maintain a broadly positive outlook, with a consensus “Moderate Buy” rating and an average price target of $571.12.
• Dell shares have rallied sharply, recently trading near their 12-month high, while substantial insider and Silver Lake-affiliated selling has raised profit-taking concerns. The company also reported strong quarterly results, with revenue up 57.7% year over year and EPS well above expectations.

REX Advisers LLC cut its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 31.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,300 shares of the technology company's stock after selling 2,900 shares during the period. Dell Technologies accounts for about 14.9% of REX Advisers LLC's portfolio, making the stock its biggest position. REX Advisers LLC's holdings in Dell Technologies were worth $3,389,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth Retirement Investments LLC purchased a new position in Dell Technologies during the fourth quarter worth $25,000. Noble Wealth Management PBC lifted its holdings in shares of Dell Technologies by 113.6% in the 3rd 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 boosted its stake in shares of Dell Technologies by 56.1% during 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 during the period. Premier Financial Group bought a new position in Dell Technologies during the 2nd quarter valued at about $34,000. Finally, Portus Wealth Advisors LLC purchased a new stake in Dell Technologies in the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 76.37% 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 AI infrastructure momentum remains the primary bullish driver. Recent reports highlighted approximately $60.9 billion in AI-server orders, $16.4 billion in quarterly AI-server revenue and a roughly $95 billion backlog. An analyst upgrade previously raised the price target to $650 from $600 while maintaining an Outperform rating. Why Dell Stock Is Trading Up Today
• Positive Sentiment: Dell launched new Windows PCs and workstations for agentic-AI development in collaboration with NVIDIA and Microsoft. The expanded lineup, including XPS and AI workstation products, could support longer-term demand for higher-value hardware. Dell Agentic AI PCs and Workstations
• Neutral Sentiment: Investor commentary continues to focus on whether Dell’s AI-server rally can extend after a sharp year-to-date advance. Articles point to strong customer adoption and backlog growth but also question whether the stock’s valuation already reflects much of the opportunity. One Overlooked AI Stock That Could Surprise Investors
• Negative Sentiment: Several Silver Lake-affiliated director entities disclosed sales totaling about 127,100 Dell shares worth approximately $73.1 million. Three transactions reduced reported positions by roughly 68% to 72%, while another was a small 0.26% reduction. The scale of the sales may pressure sentiment, although the filings do not establish the reason for the transactions. SEC Insider Sale Filing
• Negative Sentiment: Profit-taking in server stocks, including Super Micro Computer, spilled into the broader AI-hardware group. Dell’s shares were more resilient than some peers, but the sector move indicates investors may be consolidating gains after the recent rally. Profit Taking Hits Server Stocks

Analyst Ratings Changes

DELL has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a research report on Wednesday, September 2nd. Truist Financial upped their price objective on Dell Technologies from $360.00 to $505.00 and gave the company a "hold" rating in a research report on Wednesday, September 2nd. TD Cowen increased their target price on Dell Technologies from $500.00 to $550.00 and gave the stock a "hold" rating in a research note on Tuesday, September 29th. Royal Bank Of Canada assumed coverage on shares of Dell Technologies in a research note on Thursday, September 10th. They set an "outperform" rating and a $640.00 target price for the company. Finally, The Goldman Sachs Group increased their price objective on Dell Technologies from $510.00 to $570.00 and gave the stock a "buy" rating in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the company's stock. According to data from MarketBeat, Dell Technologies presently has an average rating of "Moderate Buy" and a consensus target price of $571.12.

Dell Technologies Stock Performance

DELL stock traded down $3.79 during trading on Thursday, reaching $575.17. 5,161,871 shares of the company traded hands, compared to its average volume of 8,301,994. The business has a 50 day simple moving average of $504.43 and a 200 day simple moving average of $379.92. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $595.51. The company has a market capitalization of $365.70 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 0.59 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 (EPS) for the quarter, topping the consensus estimate of $4.91 by $2.13. The business had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The business's revenue for the quarter was up 57.7% on a year-over-year basis. During the same period in the previous 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. As a group, research analysts forecast that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Dividend Announcement

The business 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 dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies's payout ratio is currently 14.63%.

Insider Buying and Selling

In other Dell Technologies news, Director Spv-2 L.P. Sl sold 83,006 shares of the firm's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value of $42,942,324.04. Following the completion of the transaction, the director owned 73,185 shares of the company's stock, valued at approximately $37,861,527.90. This trade represents a 53.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the business's stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the sale, the director directly owned 64,209 shares in the company, valued at $33,217,884.06. This trade represents a 58.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,697,272 shares of company stock worth $920,162,797 in the last 90 days. 41.50% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.