Dell Technologies Inc. $DELL Stock: Valley Wealth Managers Inc. Lowers Stake

Key Points

• Valley Wealth Managers reduced its Dell stake by 2.7%, selling 2,816 shares and retaining 101,684 shares valued at approximately $54.7 million. Institutional investors collectively own 76.37% of Dell.
• Dell continues to receive strong analyst support, with several firms raising price targets amid expectations for sustained AI-server demand, a strong backlog and robust customer spending. The stock has a “Moderate Buy” consensus rating and an average target price of $571.12.
• Insider selling is a potential overhang: insiders sold roughly 1.7 million shares worth $920.2 million over the past 90 days, including substantial sales by Silver Lake-affiliated directors, even as Dell reported strong quarterly earnings and 57.7% year-over-year revenue growth.

Valley Wealth Managers Inc. reduced its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 2.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 101,684 shares of the technology company's stock after selling 2,816 shares during the quarter. Dell Technologies comprises 2.7% of Valley Wealth Managers Inc.'s holdings, making the stock its 4th largest holding. Valley Wealth Managers Inc.'s holdings in Dell Technologies were worth $54,701,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP raised its holdings in Dell Technologies by 140.1% during the 2nd quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company's stock worth $1,090,294,000 after purchasing an additional 1,474,347 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Dell Technologies by 7.6% in 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 purchasing an additional 1,011,101 shares during the last quarter. Auto Owners Insurance Co increased its position in shares of 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 during the period. Renaissance Technologies LLC increased its position in shares of Dell Technologies by 70.2% during the first quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company's stock worth $118,432,000 after buying an additional 297,500 shares during the period. Finally, Quantinno Capital Management LP raised its stake in Dell Technologies by 73.4% during the first quarter. Quantinno Capital Management LP now owns 438,347 shares of the technology company's stock worth $71,946,000 after buying an additional 185,527 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Key Dell Technologies News

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

• Positive Sentiment: Evercore ISI raised its price target for Dell to $650 from $500, adding to a series of bullish target increases. The revisions reflect expectations for sustained AI-server growth, a large backlog and strong customer demand. Evercore ISI raises Dell price target
• Positive Sentiment: Wedbush analyst Dan Ives added DELL to his Ives AI 30 “Winner List.” The inclusion reinforces the view that Dell is a major beneficiary of the ongoing AI infrastructure spending cycle. Dan Ives adds Dell to AI 30
• Positive Sentiment: Dell’s UAE technology forum is highlighting how businesses can scale AI and modernize infrastructure, supporting the company’s enterprise pipeline and long-term demand outlook. Its enhanced AI Data Platform and NVIDIA-powered capabilities also strengthen its competitive positioning. Dell Technologies Forum UAE
• Neutral Sentiment: CEO Michael Dell’s pledge to contribute to employees’ children’s Trump Accounts and continued public attention around the initiative raise Dell’s visibility, but the program is philanthropic and has limited direct impact on operating results. Dell pledges employee Trump Account contributions
• Negative Sentiment: Several Silver Lake-affiliated directors sold roughly $73 million of Dell stock on October 6, with some transactions reducing their positions by about 68% to 72%. The sales may create a near-term supply and investor-confidence overhang. Dell insider-selling filing
• Negative Sentiment: A disclosure also showed that an account managed independently for President Donald Trump sold between $500,001 and $1 million of Dell shares, followed by a smaller sale. The transactions could temper enthusiasm around his public support for the stock. Trump-linked account sells Dell shares

Insider Transactions at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 3,600 shares of the business's stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $572.50, for a total transaction of $2,061,000.00. Following the completion of the sale, the director owned 1,401,636 shares in the company, valued at $802,436,610. The trade was a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Silver Lake Partners V. De (Aiv sold 26,539 shares of the company's stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $575.43, for a total value of $15,271,336.77. Following the transaction, the director directly owned 11,567 shares in the company, valued at $6,655,998.81. The trade was a 69.65% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 1,697,272 shares of company stock valued at $920,162,797. Company insiders own 41.50% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. JPMorgan Chase & Co. upped their price target on shares of Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a research report on Wednesday, September 2nd. Morgan Stanley lifted their price objective on Dell Technologies from $499.00 to $511.00 and gave the stock an "equal weight" rating in a research report on Monday, September 21st. Fox Advisors raised Dell Technologies from an "equal weight" rating to an "overweight" rating and set a $625.00 price objective on the stock in a research note on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a research note on Thursday, September 3rd. They set a "hold" rating and a $480.00 target price for the company. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of Dell Technologies in a report on Wednesday, August 12th. 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 stock. According to data from MarketBeat.com, Dell Technologies presently has an average rating of "Moderate Buy" and an average target price of $571.12.

Dell Technologies Trading Up 2.3%

DELL opened at $587.88 on Friday. The company has a fifty day moving average price of $508.07 and a two-hundred day moving average price of $381.38. 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 $373.78 billion, a P/E ratio of 34.12, a price-to-earnings-growth ratio of 0.60 and a beta of 1.37.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion for the quarter, compared to analysts' expectations 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 was up 57.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $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, research analysts forecast that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be issued a $0.63 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.4%. Dell Technologies's dividend payout ratio is presently 14.63%.

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.

Want to see what other hedge funds are holding DELL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dell Technologies Inc. (NYSE:DELL - Free Report).

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.