Sanders Morris Harris LLC Makes New $2.03 Million Investment in Dell Technologies Inc. $DELL

Key Points

• Sanders Morris Harris LLC acquired 3,700 Dell shares worth approximately $2.03 million in the third quarter, while institutional investors collectively own 76.37% of the company.
• Dell reported a strong quarter, with earnings of $7.04 per share versus the $4.91 consensus estimate and revenue of $46.97 billion, up 57.7% year over year.
• Despite a “Moderate Buy” consensus rating and a $569.96 average analyst price target, insiders sold approximately $990.3 million in stock over the past 90 days, and Barclays recently downgraded the shares to Equal Weight over valuation concerns.

Sanders Morris Harris LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,700 shares of the technology company's stock, valued at approximately $2,028,000.

Several other hedge funds and other institutional investors also recently modified their holdings of DELL. Three Magnolias Financial Advisors LLC acquired a new stake in shares of Dell Technologies in the 3rd quarter valued at about $215,000. N10 Wealth LLC acquired a new position in Dell Technologies in the third quarter worth about $1,162,000. Israel Discount Bank of New York acquired a new position in Dell Technologies in the third quarter worth about $247,000. First Citizens Bank & Trust Co. increased its holdings in Dell Technologies by 305.6% in the third quarter. First Citizens Bank & Trust Co. now owns 5,273 shares of the technology company's stock valued at $2,837,000 after buying an additional 3,973 shares during the last quarter. Finally, Liberty Atlantic Advisors LLC increased its holdings in Dell Technologies by 8.2% in the third quarter. Liberty Atlantic Advisors LLC now owns 525 shares of the technology company's stock valued at $282,000 after buying an additional 40 shares during the last quarter. Institutional investors own 76.37% of the company's stock.

Dell Technologies Price Performance

Shares of NYSE:DELL traded down $66.26 during trading on Wednesday, reaching $506.21. 11,648,074 shares of the company's stock traded hands, compared to its average volume of 8,275,558. The stock has a market capitalization of $321.85 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 0.60 and a beta of 1.37. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $595.51. The company has a 50 day moving average of $513.10 and a 200-day moving average of $388.45.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its 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 net margin of 7.53% and a negative return on equity of 578.85%. The firm had revenue of $46.97 billion for the quarter, compared to analysts' expectations of $44.89 billion. During the same quarter last year, the company posted $1.70 earnings per share. Dell Technologies's revenue was up 57.7% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.52 annualized dividend and a dividend yield of 0.5%. Dell Technologies's dividend payout ratio (DPR) is 14.63%.

Insider Buying and Selling

In related news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the company's stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total transaction of $47,176,751.94. Following the completion of the transaction, the director directly owned 64,209 shares in the company, valued at $33,217,884.06. This represents a 58.68% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the stock in a transaction on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total value of $42,942,324.04. Following the completion of the sale, the director directly owned 73,185 shares in the company, valued at $37,861,527.90. This represents a 53.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,817,628 shares of company stock valued at $990,253,476 in the last 90 days. Insiders own 41.50% of the company's stock.

Dell Technologies News Roundup

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

• Positive Sentiment: Dell is participating in Honeywell Technologies’ new Forge Cognition platform alongside NVIDIA. The partnership could expand demand for Dell infrastructure in building-management and industrial AI applications. Honeywell launches Forge Cognition AI platform
• Positive Sentiment: CEO Michael Dell continues to forecast strong AI infrastructure demand and warned that memory constraints could persist until new manufacturing capacity arrives around 2029 or 2030. Prolonged shortages may indicate sustained server demand, although they could also increase costs. Michael Dell warns memory shortage could be a four-year problem
• Neutral Sentiment: Dell and Accenture established a new business group to market private and agentic AI solutions, combining Dell’s infrastructure with Accenture’s consulting and implementation services. The initiative supports Dell’s long-term AI strategy, but its near-term revenue impact remains uncertain. Dell expands its enterprise AI push
• Negative Sentiment: Barclays downgraded DELL to Equal Weight from Overweight and lowered its price target to $574, arguing that the stock’s valuation has risen too far and that there is not yet a meaningful enterprise-AI demand inflection. The downgrade also affected Hewlett Packard Enterprise and NetApp, triggering broader weakness in data-center hardware shares. Dell stock plunges after Barclays downgrade
• Negative Sentiment: Several Silver Lake-affiliated entities disclosed substantial October 9 sales, collectively reducing their holdings by more than 119,000 shares; some positions were cut by roughly 50% or more. The transactions may reinforce profit-taking concerns after Dell’s sharp run-up, though they do not necessarily reflect operating weakness. Dell SEC insider ownership filing

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Piper Sandler restated an "overweight" rating and set a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a research note on Wednesday, September 2nd. Morgan Stanley lifted their target price 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. Sanford C. Bernstein boosted their price target on Dell Technologies from $500.00 to $650.00 and gave the company an "outperform" rating in a report on Wednesday, September 2nd. KeyCorp reissued a "sector weight" rating on shares of Dell Technologies in a research report on Wednesday, September 2nd. Finally, The Goldman Sachs Group reissued a "buy" rating on shares of Dell Technologies in a research report on Friday, October 9th. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the company. According to data from MarketBeat, Dell Technologies currently has a consensus rating of "Moderate Buy" and a consensus target price of $569.96.

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.

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