Swiss National Bank Sells 44,300 Shares of Dell Technologies Inc. $DELL

Key Points

• Swiss National Bank trimmed its Dell stake by 4.5%, selling 44,300 shares and leaving 932,908 shares worth about $132.26 million (roughly 0.14% ownership) at quarter-end.
• Large insider selling is a near-term concern — Director Ellen Kullman sold ~150,346 shares (~$21.8M) and insiders sold 1,164,764 shares worth $172.4M in the last quarter, weighing on sentiment.
• Dell showed positive fundamentals and shareholder returns — it raised the quarterly dividend ~20% to $0.63, reported quarterly EPS of $3.89 beating estimates with revenue up 39.5% YoY, and is expanding into AI/edge markets while analysts lift price targets.

Swiss National Bank lowered its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 4.5% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 932,908 shares of the technology company's stock after selling 44,300 shares during the period. Swiss National Bank owned 0.14% of Dell Technologies worth $132,258,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Winnow Wealth LLC bought a new position in shares of Dell Technologies in the 2nd quarter valued at about $25,000. Twin Peaks Wealth Advisors LLC bought a new position in shares of Dell Technologies during the 2nd quarter worth approximately $28,000. Johnson Financial Group Inc. increased its holdings in shares of Dell Technologies by 66.2% during the 2nd quarter. Johnson Financial Group Inc. now owns 251 shares of the technology company's stock worth $31,000 after acquiring an additional 100 shares during the last quarter. WealthCollab LLC raised its stake in Dell Technologies by 82.0% in the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company's stock valued at $31,000 after acquiring an additional 114 shares during the period. Finally, State of Wyoming acquired a new stake in Dell Technologies during the 2nd quarter valued at $33,000. 76.37% of the stock is owned by institutional investors.

Key Headlines Impacting Dell Technologies

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

• Positive Sentiment: Dell raised its quarterly dividend ~20%, boosting shareholder yield and signaling confidence in cash flow — a supportive catalyst for income-focused investors. As Dell Technologies Raises Its Dividend 20%, Should You Buy DELL Stock?
• Positive Sentiment: Mutual funds and several institutions have increased Dell exposure recently, which can support demand and limit downside after the rally. Mutual Funds Load Up On This Defense Name, Dell Stock
• Positive Sentiment: Dell is expanding in AI/edge markets (new rugged PowerEdge XR9700, Unisys alliance, Dataloop deal), which increases addressable market for higher-value servers and services over time. Dell Pushes Into Edge AI As Valuation Lags Analyst Targets
• Positive Sentiment: Analyst target lifts and continued buy-side coverage (several firms with Overweight/Buy ratings and higher targets) give fundamental support to the rally. Dell Technologies NYSE: DELL Price Target Raised to $170.00
• Neutral Sentiment: Feature pieces (Zacks, market commentary) keep Dell on investor screens but don’t present a single new catalyst. Zacks Investment Ideas feature highlights Expedia, Nvidia, Fair Isaac, Broadcom, Apollo and Dell
• Neutral Sentiment: Local reporting notes headcount reductions in Round Rock while revenue remains strong — cost trimming can help margins but raises execution/PR considerations. Dell employing fewer people here — but it's raking in the revenue
• Negative Sentiment: Director Ellen Kullman sold ~150,346 shares (~$21.8M), materially reducing her stake — a large insider sale that can spook short-term sentiment. Insider Sale Filing — Ellen Jamison Kullman
• Negative Sentiment: Coverage highlights margin worries: rising DRAM/component prices and a richer AI-server mix could compress OEM gross margins even as revenue grows — a key reason for profit-taking. Dell slides 3.5% as margin worries resurface after AI-fueled rally
• Negative Sentiment: Broad pattern of insider selling (other large director/executive sales reported) reinforces near-term supply pressure and governance/sentiment concerns. Dell (DELL) Stock Slides as Board Director Dumps $21.8M Worth of Shares

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. Raymond James Financial raised their target price on shares of Dell Technologies from $166.00 to $182.00 and gave the stock an "outperform" rating in a research note on Friday, February 27th. Weiss Ratings restated a "hold (c+)" rating on shares of Dell Technologies in a research report on Wednesday, January 21st. Citic Securities upped their target price on Dell Technologies from $150.00 to $160.00 and gave the company a "buy" rating in a research report on Friday, November 28th. Wall Street Zen raised Dell Technologies from a "hold" rating to a "buy" rating in a report on Saturday, February 28th. Finally, Mizuho upped their price objective on Dell Technologies from $175.00 to $180.00 and gave the company an "outperform" rating in a report on Friday, February 27th. Sixteen analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $163.28.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Ellen Jamison Kullman sold 150,346 shares of the company's stock in a transaction on Friday, March 6th. The stock was sold at an average price of $145.13, for a total transaction of $21,819,714.98. Following the completion of the sale, the director directly owned 65,662 shares in the company, valued at $9,529,526.06. This represents a 69.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 4,417 shares of the firm's stock in a transaction dated Friday, March 6th. The shares were sold at an average price of $146.75, for a total value of $648,194.75. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 1,164,764 shares of company stock worth $172,444,497 in the last quarter. 42.00% of the stock is currently owned by company insiders.

Dell Technologies Price Performance

Dell Technologies stock opened at $143.74 on Wednesday. The stock's fifty day moving average price is $123.82 and its two-hundred day moving average price is $132.51. The firm has a market cap of $95.25 billion, a PE ratio of 16.48, a price-to-earnings-growth ratio of 0.68 and a beta of 0.97. Dell Technologies Inc. has a one year low of $66.25 and a one year high of $168.08.

Dell Technologies (NYSE:DELL - Get Free Report) last issued its quarterly earnings results on Thursday, February 26th. The technology company reported $3.89 EPS for the quarter, topping analysts' consensus estimates of $3.53 by $0.36. Dell Technologies had a negative return on equity of 236.90% and a net margin of 5.23%.The company had revenue of $33.38 billion for the quarter, compared to analysts' expectations of $31.60 billion. During the same quarter last year, the business earned $2.68 earnings per share. Dell Technologies's revenue was up 39.5% on a year-over-year basis. Dell Technologies has set its Q1 2027 guidance at 2.900-2.900 EPS and its FY 2027 guidance at 12.900-12.900 EPS. Sell-side analysts expect that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 1st. Stockholders of record on Tuesday, April 21st will be issued a dividend of $0.63 per share. This is a boost from Dell Technologies's previous quarterly dividend of $0.53. The ex-dividend date of this dividend is Tuesday, April 21st. This represents a $2.52 dividend on an annualized basis and a dividend yield of 1.8%. Dell Technologies's payout ratio is currently 24.08%.

About Dell Technologies

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

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