Dell Technologies Inc. $DELL Stock Sold by Tectonic Advisors LLC

Tectonic Advisors LLC reduced its holdings in Dell Technologies Inc. (NYSE:DELL) by 8.3% in the 3rd quarter, Holdings Channel reports. 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 also recently modified their holdings of DELL. Noble Wealth Management PBC lifted its holdings in shares of Dell Technologies by 113.6% during the 3rd quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock valued at $25,000 after purchasing an additional 25 shares in the last quarter. Cornerstone Financial Management LLC increased its stake in Dell Technologies by 56.1% during the 2nd quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock worth $28,000 after purchasing an additional 23 shares in the last quarter. Premier Financial Group bought a new stake in Dell Technologies during the 2nd quarter worth approximately $34,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the second quarter valued at approximately $38,000. Finally, Retirement Wealth Solutions LLC boosted its holdings in shares of Dell Technologies by 41.3% in the third quarter. Retirement Wealth Solutions LLC now owns 89 shares of the technology company’s stock valued at $48,000 after buying an additional 26 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on DELL. Citigroup increased their price objective on shares of Dell Technologies from $515.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Barclays downgraded Dell Technologies from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $603.00 to $574.00 in a research note on Wednesday, October 14th. Daiwa Securities Group boosted 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. Piper Sandler reaffirmed an “overweight” rating and set a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a research report on Wednesday, September 2nd. Finally, Truist Financial boosted their target price on Dell Technologies from $360.00 to $505.00 and gave the company a “hold” rating in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the company. Based on data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $569.96.

Dell Technologies Price Performance

NYSE:DELL traded up $3.94 on Friday, hitting $456.89. 4,327,247 shares of the company’s stock were exchanged, compared to its average volume of 6,786,579. The company has a market cap of $290.49 billion, a P/E ratio of 26.52, a price-to-earnings-growth ratio of 0.47 and a beta of 1.37. The firm has a 50-day moving average price of $513.41 and a 200-day moving average price of $403.55. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $595.51.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate 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 negative return on equity of 578.85% and a net margin of 7.53%. The business’s quarterly revenue was up 57.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $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, research analysts expect that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be paid a dividend of $0.63 per share. The ex-dividend date 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 currently 14.63%.

Insider Buying and Selling

In related news, Director Lynn Vojvodich Radakovich sold 2,022 shares of the firm’s stock in a transaction 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 completion of the transaction, the director directly owned 25,267 shares of the company’s stock, valued at approximately $14,282,929.76. This trade represents a 7.41% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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 the company’s stock in a transaction 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 sale, the director directly owned 43,740 shares in the company, valued at $25,469,802. This trade represents a 50.38% 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 worth $990,253,476 in the last quarter. 41.50% of the stock is owned by company insiders.

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.