SteelPeak Wealth LLC Buys 10,510 Shares of Dell Technologies Inc. $DELL

Key Points

• SteelPeak Wealth increased its Dell Technologies stake by 145.1% in the third quarter, purchasing 10,510 additional shares and bringing its total holdings to 17,753 shares valued at approximately $9.55 million. Institutional investors collectively own 76.37% of Dell.
• Dell continues to benefit from strong AI-server demand, including a partnership with Honeywell and NVIDIA, but memory shortages, rising component costs and concerns about a potential slowdown in AI spending pose risks to margins and growth.
• Dell shares recently traded down 4.8%; Barclays downgraded the stock to Equal Weight, while the broader analyst consensus remains Moderate Buy with a $569.96 price target. The company reported quarterly EPS and revenue above expectations, with revenue up 57.7% year over year.

SteelPeak Wealth LLC lifted its stake in Dell Technologies Inc. (NYSE:DELL - Free Report) by 145.1% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,753 shares of the technology company's stock after purchasing an additional 10,510 shares during the period. SteelPeak Wealth LLC's holdings in Dell Technologies were worth $9,550,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of DELL. Wellington Management Group LLP raised its position in shares of 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 valued at $1,090,294,000 after buying an additional 1,474,347 shares in the last quarter. Bank of America Corp DE lifted its holdings 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 acquiring an additional 1,011,101 shares during the last quarter. Auto Owners Insurance Co lifted its holdings in shares of Dell Technologies by 12,488.0% in the 4th quarter. Auto Owners Insurance Co now owns 522,024 shares of the technology company's stock valued at $6,571,000 after acquiring an additional 517,877 shares during the last quarter. Renaissance Technologies LLC grew its position in Dell Technologies by 70.2% in the first quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company's stock worth $118,432,000 after acquiring an additional 297,500 shares in the last quarter. Finally, Quantinno Capital Management LP grew its position in Dell Technologies by 73.4% in the first quarter. Quantinno Capital Management LP now owns 438,347 shares of the technology company's stock worth $71,946,000 after acquiring an additional 185,527 shares in the last quarter. 76.37% of the stock is owned by institutional investors.

Dell Technologies News Roundup

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

• Positive Sentiment: Dell was selected as a core AI infrastructure partner for Honeywell’s Forge Cognition platform, alongside NVIDIA. The partnership could expand Dell’s enterprise and industrial AI exposure through deployments at data centers and edge locations. Dell Lands Core AI Infrastructure Role in New Industrial Platform
• Positive Sentiment: Commentary continues to point to strong AI-server demand and a record backlog. CEO Michael Dell’s expectation that memory shortages could persist for several years underscores the scale of AI infrastructure demand, although it also creates supply and cost risks. Michael Dell Warns Memory Shortage Could Be a Four-Year Problem
• Neutral Sentiment: Dell says its just-in-time manufacturing and customer-funded model could reduce inventory and balance-sheet exposure if AI spending slows. The strategy may limit downside in a downturn, but it also signals that investors are increasingly focused on the possibility of an AI investment slowdown. Michael Dell Has Tips to Beat an AI Bust
• Negative Sentiment: Barclays downgraded Dell to Equal Weight from Overweight, arguing that the stock’s valuation has risen sharply while evidence of a broad enterprise-AI spending inflection remains limited. The downgrade contributed to continued selling after Dell’s major rally. Barclays Downgrades Dell Technologies
• Negative Sentiment: Investors are questioning whether AI-server revenue growth is being driven by durable demand or elevated memory and component prices. Higher costs could pressure margins and reduce the earnings benefit of rising sales. Dell Stock’s Stellar Year Hits a Snag
• Negative Sentiment: AI hardware stocks broadly weakened amid concerns about how customers are financing massive infrastructure projects, while hotter inflation increased pressure on high-growth technology valuations. Dell’s recent insider sales added another source of investor caution. AI Financing Worries Extend Hardware Selloff

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on DELL shares. Barclays cut Dell Technologies from an "overweight" rating to an "equal weight" rating and reduced their price objective for the stock from $603.00 to $574.00 in a research note on Wednesday. Piper Sandler reaffirmed an "overweight" rating and issued a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a research note on Wednesday, September 2nd. Mizuho raised their price objective on Dell Technologies from $600.00 to $650.00 and gave the company an "outperform" rating in a research note on Tuesday, October 6th. Wells Fargo & Company lifted their target price on Dell Technologies from $505.00 to $545.00 and gave the stock an "overweight" rating in a report on Friday, August 14th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a research report on Thursday, September 3rd. They set a "hold" rating and a $480.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the company. According to data from MarketBeat.com, Dell Technologies currently has an average rating of "Moderate Buy" and a consensus price target of $569.96.

Dell Technologies Trading Down 4.8%

Dell Technologies stock opened at $450.68 on Friday. The firm has a 50-day moving average price of $514.56 and a 200-day moving average price of $393.30. The firm has a market capitalization of $286.55 billion, a PE ratio of 26.16, a price-to-earnings-growth ratio of 0.47 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.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, topping analysts' consensus estimates of $4.91 by $2.13. The firm had revenue of $46.97 billion during 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 firm's revenue for the quarter was up 57.7% compared to the same quarter last year. During the same period in the previous year, the company 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. As a group, sell-side analysts predict that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be paid a $0.63 dividend. The ex-dividend date of this dividend is Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.6%. Dell Technologies's dividend payout ratio (DPR) is presently 14.63%.

Insiders Place Their Bets

In other news, Director Spv-2 L.P. Sl sold 44,408 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $582.30, for a total value of $25,858,778.40. Following the sale, the director directly owned 43,740 shares in the company, valued at approximately $25,469,802. This represents a 50.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Lynn Vojvodich Radakovich sold 2,022 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The stock was sold at an average price of $565.28, for a total value of $1,142,996.16. Following the completion of the sale, the director owned 25,267 shares in the company, valued at approximately $14,282,929.76. The trade was a 7.41% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 1,817,628 shares of company stock valued at $990,253,476 over the last quarter. Corporate insiders own 41.50% of the company's stock.

Dell Technologies 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, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.

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