Legacy Wealth Asset Management LLC Buys New Position in Dell Technologies Inc. $DELL

Key Points

• Legacy Wealth Asset Management purchased 3,465 Dell shares worth approximately $1.86 million, while institutional investors and hedge funds collectively own 76.37% of the stock.
• Dell insiders sold approximately 1.7 million shares valued at $920.2 million over the past 90 days, including substantial sales by Silver Lake-affiliated directors.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $571.12. Dell also exceeded quarterly earnings and revenue expectations, reporting $7.04 EPS and $46.97 billion in revenue, up 57.7% year over year.

Legacy Wealth Asset Management LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL - Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 3,465 shares of the technology company's stock, valued at approximately $1,864,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Bank of America Corp DE increased 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 worth $2,362,624,000 after purchasing an additional 1,011,101 shares in the last quarter. Wellington Management Group LLP lifted its stake in 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 acquiring an additional 1,474,347 shares in the last quarter. NewEdge Advisors LLC grew 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 in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Dell Technologies by 3.0% in the first quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company's stock valued at $157,869,000 after purchasing an additional 27,668 shares during the last quarter. Finally, Swiss National Bank grew its position in Dell Technologies by 4.7% in the first quarter. Swiss National Bank now owns 931,008 shares of the technology company's stock valued at $152,806,000 after purchasing an additional 41,700 shares in the last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

Analyst Upgrades and Downgrades

Several brokerages recently commented on DELL. Evercore reissued an "outperform" rating and set a $650.00 price target on shares of Dell Technologies in a research report on Wednesday, September 9th. JPMorgan Chase & Co. upped their price objective on shares of Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a report on Wednesday, September 2nd. TD Cowen increased their price target on shares of Dell Technologies from $500.00 to $550.00 and gave the company a "hold" rating in a report on Tuesday, September 29th. US Capital Advisors set a $625.00 target price on Dell Technologies in a research note on Wednesday, September 2nd. Finally, Daiwa Securities Group upped their price objective on Dell Technologies from $465.00 to $625.00 and gave the company an "outperform" rating in a report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of "Moderate Buy" and an average target price of $571.12.

Dell Technologies Trading Down 0.7%

Shares of DELL opened at $575.17 on Friday. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $595.51. The firm's 50 day moving average is $504.43 and its 200-day moving average is $379.92. The stock has a market capitalization of $365.70 billion, a PE ratio of 33.38, a P/E/G ratio of 0.60 and a beta of 1.37.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results 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. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%.The business had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. During the same quarter in the prior year, the business posted $1.70 earnings per share. The firm'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. Equities research analysts predict that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

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

More Dell Technologies News

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

• Positive Sentiment: Evercore ISI raised its price target for Dell Technologies to $650 from $500, reinforcing the bullish view that AI-server demand can support further upside. The target increase follows Dell’s stronger-than-expected earnings, including $46.97 billion of quarterly revenue and $7.04 in adjusted earnings per share. Evercore ISI Adjusts Price Target on Dell Technologies
• Positive Sentiment: Wedbush analyst Dan Ives added DELL to his Ives AI 30 “Winner List.” The inclusion strengthens Dell’s positioning as a leading beneficiary of enterprise AI infrastructure spending and could generate additional investor demand ahead of an anticipated ETF rebalance. Dan Ives Updates AI 30
• Positive Sentiment: Dell’s new Windows PCs and workstations, developed with NVIDIA and Microsoft for “agentic AI,” broaden its AI opportunity beyond data-center servers. The products may support demand from developers, creators and enterprise customers. Dell Technologies Drives the Agentic AI Era
• Neutral Sentiment: CEO Michael Dell said the company plans to contribute $1,000 to the Trump Accounts of employees’ children. The initiative increases Dell’s public profile but is philanthropic and does not directly change earnings expectations. Dell Pledges $1,000 to Trump Accounts
• Negative Sentiment: Silver Lake-affiliated directors sold approximately 127,000 Dell shares worth about $73 million in transactions dated October 6. Several sales reduced individual holdings by roughly 68% to 72%, creating a potential supply and confidence overhang even though Silver Lake retained a large remaining position. SEC Insider-Trading Filing
• Negative Sentiment: President Donald Trump’s independently managed accounts also reduced their Dell holdings in August, including a sale valued between $500,001 and $1 million. The transactions may add to concerns about profit-taking after Dell’s extraordinary AI-driven rally. Trump Asked Americans to Buy Dell, Then His Money Managers Sold Dell Stock

Dell Technologies Profile

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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