Pictet Asset Management Holding SA Sells 16,222 Shares of Dell Technologies Inc. $DELL

Pictet Asset Management Holding SA lowered its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 5.4% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 285,066 shares of the technology company’s stock after selling 16,222 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Dell Technologies were worth $153,357,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of DELL. Noble Wealth Management PBC grew its holdings in shares of Dell Technologies by 113.6% in the third quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock worth $25,000 after purchasing an additional 25 shares during the last quarter. Cornerstone Financial Management LLC lifted its holdings in Dell Technologies by 56.1% during 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 in the last quarter. Premier Financial Group bought a new stake in Dell Technologies during the 2nd quarter valued at about $34,000. Byrne Asset Management LLC bought a new position in Dell Technologies in the 2nd quarter worth about $38,000. Finally, Retirement Wealth Solutions LLC increased its position in shares of Dell Technologies by 41.3% during the third quarter. Retirement Wealth Solutions LLC now owns 89 shares of the technology company’s stock worth $48,000 after acquiring an additional 26 shares during the period. Institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Up 0.1%

Shares of Dell Technologies stock opened at $329.02 on Monday. The company has a market cap of $209.19 billion, a P/E ratio of 19.10, a PEG ratio of 0.34 and a beta of 1.45. The firm’s 50 day moving average price is $504.83 and its 200-day moving average price is $336.43. 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 data 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 analyst estimates 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 revenue for the quarter was up 57.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $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, equities research analysts forecast that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Tuesday, October 20th were given a $0.63 dividend. The ex-dividend date was Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a yield of 0.8%. Dell Technologies’s dividend payout ratio is currently 14.63%.

Insider Activity at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the company’s stock in a transaction on Thursday, September 3rd. The shares were sold at an average price of $517.34, for a total value of $47,176,751.94. Following the sale, the director directly owned 64,209 shares of the company’s stock, valued at $33,217,884.06. This represents a 58.68% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the business’s stock in a transaction 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 transaction, the director 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 disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 1,819,650 shares of company stock worth $991,183,596. 41.50% of the stock is owned by corporate insiders.

Dell Technologies News Summary

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

• Positive Sentiment: Investors bought AI-hardware stocks back after recent steep losses. Reports point to record AI backlogs and steady earnings expectations, while Dell and Nvidia’s strong revenue growth suggests demand has not yet broadly weakened. Article: AI server stocks rebound Article: Dell vs. Nvidia
• Neutral Sentiment: The rebound follows a sell-off that hit Dell and other AI-server makers particularly hard, so recent volatility remains elevated. Article: Dell sinks as tech sell-off deepens
• Negative Sentiment: Investors remain concerned that political changes could slow data-center construction and curb AI-infrastructure spending. Memory-supply pressures and potential execution risks—including cash needs and debt across the AI-server sector—could also weigh on sentiment if the rebound fades. Article: AI sell-off and data-center concerns Article: AI hardware sell-off risks

Wall Street Analyst Weigh In

DELL has been the topic of several research analyst reports. Piper Sandler reissued 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. Susquehanna reaffirmed a “positive” rating on shares of Dell Technologies in a research report on Tuesday, September 29th. Deutsche Bank Aktiengesellschaft assumed coverage on Dell Technologies in a report on Thursday, September 3rd. They issued a “hold” rating and a $480.00 target price for the company. TD Cowen increased their price target on Dell Technologies from $500.00 to $550.00 and gave the stock a “hold” rating in a research report on Tuesday, September 29th. Finally, The Goldman Sachs Group reissued a “buy” rating on shares of Dell Technologies in a research report on Friday, October 9th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $569.96.

Dell Technologies Profile

Dell Technologies is a global technology company that develops, sells and supports computers and related infrastructure. Its products include personal computers, workstations, monitors and peripherals, as well as servers, storage systems and networking equipment for businesses and other organizations.

The company also provides technology services and solutions, including support, consulting and offerings related to cloud computing, data management and cybersecurity. Dell serves consumers, businesses, governments and other institutions in markets around the world.

Founded by Michael Dell in 1984, the company is headquartered in Round Rock, Texas.