Dell Technologies Inc. $DELL Shares Sold by SVB Wealth LLC

SVB Wealth LLC cut its stake in Dell Technologies Inc. (NYSE:DELL) by 48.5% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 1,226 shares of the technology company’s stock after selling 1,156 shares during the period. SVB Wealth LLC’s holdings in Dell Technologies were worth $529,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. California State Teachers Retirement System boosted its holdings in shares of Dell Technologies by 41,141.5% during the second quarter. California State Teachers Retirement System now owns 198,605,353 shares of the technology company’s stock valued at $85,690,266,000 after acquiring an additional 198,123,786 shares during the period. Norges Bank acquired a new stake in shares of Dell Technologies in the 4th quarter worth about $607,349,000. Wellington Management Group LLP lifted its position in Dell Technologies by 4,279.1% in the 3rd quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock valued at $426,129,000 after purchasing an additional 2,937,137 shares during the last quarter. Invesco Ltd. boosted its stake in Dell Technologies by 50.4% during the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock valued at $919,051,000 after purchasing an additional 2,445,854 shares during the period. Finally, Michael & Susan Dell Foundation boosted its stake in Dell Technologies by 533.3% during the 4th quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock valued at $337,652,000 after purchasing an additional 2,258,797 shares during the period. 76.37% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on DELL shares. KeyCorp restated a “sector weight” rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. Roth Capital initiated coverage on Dell Technologies in a report on Friday, May 29th. They issued a “buy” rating for the company. CLSA upgraded Dell Technologies to an “outperform” rating in a research report on Friday, May 29th. Deutsche Bank Aktiengesellschaft began coverage on Dell Technologies in a research note on Thursday, September 3rd. They set a “hold” rating and a $480.00 target price on the stock. Finally, Fox Advisors raised Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $625.00 price target for the company in a research note on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $560.24.

Dell Technologies Price Performance

Dell Technologies stock opened at $507.13 on Friday. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $562.99. The stock has a market capitalization of $328.68 billion, a PE ratio of 29.43, a price-to-earnings-growth ratio of 0.55 and a beta of 1.34. The firm has a 50 day simple moving average of $447.99 and a 200-day simple moving average of $321.75.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, topping the consensus estimate of $4.91 by $2.13. The firm had revenue of $46.97 billion for the quarter, compared to analysts’ expectations of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%.The firm’s quarterly revenue was up 57.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.70 earnings per share. 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. On average, analysts forecast that Dell Technologies Inc. will post 25.14 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be issued a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies’s dividend payout ratio is presently 14.63%.

Dell Technologies News Roundup

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

• Positive Sentiment: Royal Bank of Canada initiated coverage with an “outperform” rating and a $640 price target, implying substantial upside from recent levels. This adds to a broadly bullish analyst consensus, including recent target increases from Evercore and other firms. Analyst price target coverage
• Positive Sentiment: AI demand remains the primary catalyst. Dell reported approximately $60.9 billion in AI-server orders and a roughly $95 billion backlog. Its latest quarter also delivered $7.04 in adjusted EPS versus a $4.91 consensus estimate and $46.97 billion in revenue, up 57.7% year over year. Dell AI server orders and backlog
• Positive Sentiment: Management commentary that a structural shortage in AI computing capacity could worsen in 2027 reinforces expectations for sustained server demand. Dell is also benefiting from enterprise customers deploying AI systems on-premises, broadening the opportunity beyond large cloud providers. Dell CEO comments on AI compute shortages
• Neutral Sentiment: Dell plans to raise approximately $4 billion through a bond offering to refinance debt while supporting its AI infrastructure expansion. The financing may improve capital flexibility, although investors will watch borrowing costs, leverage and cash-flow conversion. Dell bond sale
• Negative Sentiment: AI server stocks are pulling back after a strong two-day advance, with no company-specific disclosure identified. The move suggests short-term profit-taking and caution after Dell’s more than 300% one-year rally. AI server stock pullback
• Negative Sentiment: Recent insider selling is another modest headwind. Dell’s CMO and several Silver Lake-affiliated entities sold shares worth millions of dollars, reducing their positions while DELL trades near record highs. These transactions may reflect diversification rather than deteriorating fundamentals, but they can reinforce near-term selling pressure. Dell insider selling

Insider Activity

In related news, Director Spv-2 L.P. Sl sold 83,006 shares of the 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 sale, the director directly owned 73,185 shares of the company’s stock, valued at $37,861,527.90. This represents a 53.14% 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 Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm’s stock in a transaction that occurred 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 sale, the director owned 64,209 shares of the company’s stock, valued at $33,217,884.06. The trade was a 58.68% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 1,302,611 shares of company stock valued at $624,243,159. Insiders own 41.50% of the company’s stock.

About Dell Technologies

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, displays, peripherals and related accessories marketed primarily under the Dell brand.

The company also provides enterprise infrastructure solutions, including servers, storage systems, networking equipment, data protection, cybersecurity and cloud-related technologies. Dell Technologies supports organizations with consulting, deployment, managed and support services designed to help them operate data centers, hybrid cloud environments and modern workplace technology.

Michael Dell founded the company in 1984 and serves as its chairman and chief executive officer.