Tectonic Advisors LLC Sells 2,349 Shares of Dell Technologies Inc. $DELL

Key Points

• Tectonic Advisors reduced its Dell Technologies stake by 8.3% in the third quarter, selling 2,349 shares and retaining 25,939 shares valued at approximately $13.95 million. Institutional investors collectively own 76.37% of Dell.
• Analysts remain broadly bullish: Dell has a “Moderate Buy” consensus rating, with 26 Buy, one Strong Buy and nine Hold ratings; price targets were raised by several firms to as high as $640.
• Dell reported strong quarterly results, with $7.04 earnings per share and $46.97 billion in revenue, representing 57.7% year-over-year growth. The company also declared a quarterly dividend of $0.63 per share, a 0.6% annualized yield.

Tectonic Advisors LLC reduced its stake in shares of Dell Technologies Inc. (NYSE:DELL - Free Report) by 8.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,939 shares of the technology company's stock after selling 2,349 shares during the quarter. Tectonic Advisors LLC's holdings in Dell Technologies were worth $13,954,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Collective Family Office LLC lifted its holdings in Dell Technologies by 1.5% during the 3rd quarter. Collective Family Office LLC now owns 1,299 shares of the technology company's stock worth $699,000 after buying an additional 19 shares in the last quarter. Cornerstone Financial Management LLC boosted its position in Dell Technologies by 56.1% in the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company's stock valued at $28,000 after buying an additional 23 shares during the last quarter. Beaumont Financial Advisors LLC increased its stake in shares of Dell Technologies by 0.3% in the 3rd quarter. Beaumont Financial Advisors LLC now owns 8,713 shares of the technology company's stock valued at $4,687,000 after buying an additional 24 shares during the period. Noble Wealth Management PBC increased its stake in shares of Dell Technologies by 113.6% in the 3rd quarter. Noble Wealth Management PBC now owns 47 shares of the technology company's stock valued at $25,000 after buying an additional 25 shares during the period. Finally, Grandview Asset Management LLC raised its position in shares of Dell Technologies by 4.9% during the third quarter. Grandview Asset Management LLC now owns 536 shares of the technology company's stock worth $288,000 after acquiring an additional 25 shares during the last quarter. Institutional investors and hedge funds own 76.37% of the company's stock.

Insider Buying and Selling

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DELL. UBS Group reaffirmed an "outperform" rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. Daiwa Securities Group raised their price target on Dell Technologies from $465.00 to $625.00 and gave the company an "outperform" rating in a report on Friday, September 18th. Royal Bank Of Canada initiated coverage on Dell Technologies in a research report on Thursday, September 10th. They issued an "outperform" rating and a $640.00 price objective for the company. Citigroup boosted their price objective on Dell Technologies from $515.00 to $600.00 and gave the stock a "buy" rating in a report on Wednesday, September 2nd. Finally, JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $565.00 to $635.00 and gave the company an "overweight" rating in a research 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 stock. Based on data from MarketBeat.com, Dell Technologies presently has a consensus rating of "Moderate Buy" and a consensus price target of $569.96.

Dell Technologies Trading Up 0.9%

Shares of NYSE:DELL traded up $3.94 during midday trading on Friday, hitting $456.89. The company had a trading volume of 4,327,247 shares, compared to its average volume of 6,786,579. Dell Technologies Inc. has a 12 month low of $110.22 and a 12 month high of $595.51. The firm has a fifty day simple moving average of $513.41 and a 200 day simple moving average of $403.55. The stock has a market cap of $290.49 billion, a price-to-earnings ratio of 26.52, a PEG ratio of 0.47 and a beta of 1.37.

Dell Technologies (NYSE:DELL - Get Free Report) last released its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating 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 during the quarter, compared to the consensus estimate of $44.89 billion. During the same quarter in the prior year, the company posted $1.70 earnings per share. The firm'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 analysts forecast that Dell Technologies Inc. will post 25.13 EPS 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. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.6%. Dell Technologies's dividend payout ratio is 14.63%.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Dell’s reported $95 billion AI-server backlog and comparatively lower valuation were highlighted as advantages over Applied Digital, strengthening the investment case for Dell as AI infrastructure spending continues. DELL vs. APLD: Which AI-Infrastructure Stock Looks More Attractive?
• Positive Sentiment: Dell introduced new AI Factory hardware with NVIDIA, reinforcing its positioning as a supplier of complete AI computing systems and countering recent concerns about slowing enterprise demand. Dell Unveiled New AI Servers
• Positive Sentiment: Texas Athletics, Dell, Google Cloud and SHI International launched the Bevo Lab, an AI and analytics platform that expands Dell’s technology visibility in higher education and sports research. The deal is strategically positive but unlikely to materially affect near-term earnings. Texas Athletics and McCombs Launch Bevo Lab
• Neutral Sentiment: Dell rose alongside other AI-server stocks as the sector stabilized, although Hewlett Packard Enterprise outperformed Dell and Super Micro was little changed. The move suggests broader sector sentiment rather than a Dell-specific announcement. AI Server Peers Market Update
• Negative Sentiment: The previous session’s steep decline reflected profit-taking, technology-sector weakness and reported supply-chain concerns. Barclays’ recent downgrade, based partly on doubts about enterprise AI demand, continues to weigh on sentiment and may contribute to volatility. Dell Stock Drops in Tech Sell-Off

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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