Engineers Gate Manager LP Sells 8,467 Shares of Dell Technologies Inc. $DELL

Key Points

• Engineers Gate Manager LP reduced its Dell Technologies position by 60% in the second quarter, selling 8,467 shares and retaining 5,652 shares valued at approximately $2.44 million.
• Institutional ownership remains substantial at 76.37%, with several firms initiating or increasing positions during the quarter, including NewEdge Advisors, which raised its stake by 5%.
• Dell reported strong quarterly results, with revenue rising 57.7% year over year and EPS exceeding expectations; analysts maintain a “Moderate Buy” consensus and a $560.24 average price target, though insider selling and concerns about AI-spending durability remain risks.

Engineers Gate Manager LP trimmed its position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 60.0% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,652 shares of the technology company's stock after selling 8,467 shares during the quarter. Engineers Gate Manager LP's holdings in Dell Technologies were worth $2,439,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Insight Wealth Partners LLC purchased a new position in shares of Dell Technologies during the second quarter valued at approximately $539,000. Pinnacle Wealth Management Advisory Group LLC bought a new position in shares of Dell Technologies during the second quarter valued at approximately $245,000. NorthRock Partners LLC purchased a new stake in shares of Dell Technologies in the second quarter worth approximately $531,000. Integrated Wealth Concepts LLC lifted its stake in shares of Dell Technologies by 3.6% during the 2nd quarter. Integrated Wealth Concepts LLC now owns 18,027 shares of the technology company's stock worth $7,778,000 after acquiring an additional 621 shares during the last quarter. Finally, NewEdge Advisors LLC lifted its stake in shares of Dell Technologies by 5.0% during the 2nd quarter. NewEdge Advisors LLC now owns 480,589 shares of the technology company's stock worth $207,355,000 after acquiring an additional 22,924 shares during the last quarter. 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-server demand remains exceptionally strong: the company reportedly booked $60.9 billion in AI-server orders during fiscal 2027’s second quarter and ended the period with a $95 billion backlog. That supports expectations for continued revenue growth, although order conversion and cash collection remain important risks. Dell Booked More AI Server Orders in 3 Months Than It Recorded in Total Revenue
• Positive Sentiment: Analyst support remains favorable, with RBC initiating coverage at Outperform and arguing that expanding AI-server demand and agentic-AI adoption could support further gains. Why Dell Stock Climbed to a New All-Time High This Week
• Positive Sentiment: Dell is collaborating with Salam to expand cloud infrastructure and edge-AI solutions in Saudi Arabia, providing another potential avenue for infrastructure growth. Salam and Dell Technologies Collaborate
• Neutral Sentiment: A consortium led by Michael Dell’s family office agreed to take Baldwin Insurance private in a transaction valued at approximately $7.7 billion. The deal involves the Dell family office rather than Dell Technologies’ corporate balance sheet, so the direct impact on DELL is limited. Dell's DFO Management and Sequence to Take Baldwin Private
• Negative Sentiment: A broader AI-sector selloff intensified after fresh warnings about potentially slower AI capital spending. Dell, HPE and other infrastructure suppliers were pressured as investors reassessed the durability of the spending cycle. Dell Stock Tumbles as Fresh AI Warning Sparks Tech Selloff
• Negative Sentiment: Profit-taking and reported insider sales added pressure after DELL’s roughly 300%-plus annual rally. Investors are also focused on whether AI-server orders can be delivered profitably, since the segment’s reported operating margin includes lower-margin traditional infrastructure businesses. Dell Stock Falls as AI Spending Concerns and Insider Sale Weigh

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. 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. Weiss Ratings reiterated a "buy (b)" rating on shares of Dell Technologies in a research report on Wednesday, August 12th. Wells Fargo & Company upped their price target on shares of Dell Technologies from $505.00 to $545.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. Royal Bank Of Canada started coverage on shares of Dell Technologies in a research note on Thursday, September 10th. They issued an "outperform" rating and a $640.00 price target on the stock. Finally, Fox Advisors upgraded shares of Dell Technologies from an "equal weight" rating to an "overweight" rating and set a $625.00 price objective for the company in a report on Wednesday, September 2nd. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $560.24.

Dell Technologies Stock Performance

NYSE:DELL opened at $534.99 on Tuesday. The firm has a 50-day simple moving average of $453.91 and a 200-day simple moving average of $327.82. Dell Technologies Inc. has a one year low of $110.22 and a one year high of $567.75. The firm has a market cap of $346.73 billion, a P/E ratio of 31.05, a P/E/G ratio of 0.59 and a beta of 1.34.

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, beating analysts' consensus estimates of $4.91 by $2.13. The firm had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The company's quarterly revenue was up 57.7% on a year-over-year basis. During the same period last year, the firm 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. On average, research analysts predict that Dell Technologies Inc. will post 25.14 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company 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 $0.63 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. Dell Technologies's payout ratio is currently 14.63%.

Insider Buying and Selling at Dell Technologies

In other news, Director Spv-2 L.P. Sl sold 48,097 shares of the firm's stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $540.39, for a total value of $25,991,137.83. Following the sale, the director directly owned 47,386 shares in the company, valued at approximately $25,606,920.54. This trade represents a 50.37% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Jennifer Saavedra sold 25,251 shares of Dell Technologies stock in a transaction that occurred on Friday, September 4th. The stock was sold at an average price of $520.00, for a total transaction of $13,130,520.00. Following the completion of the transaction, the insider directly owned 296,891 shares in the company, valued at approximately $154,383,320. The trade was a 7.84% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 1,412,945 shares of company stock valued at $686,463,063. 41.50% of the stock is currently owned by corporate insiders.

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, displays, peripherals and related accessories marketed primarily under the Dell brand.

The company also provides enterprise infrastructure solutions, including servers, storage systems, networking equipment, data protection, cybersecurity and cloud-related technologies. Dell Technologies supports organizations with consulting, deployment, managed and support services designed to help them operate data centers, hybrid cloud environments and modern workplace technology.

Michael Dell founded the company in 1984 and serves as its chairman and chief executive officer.

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