Cornerstone Advisors LLC Makes New $8.83 Million Investment in Dell Technologies Inc. $DELL

Cornerstone Advisors LLC acquired a new position in Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 16,422 shares of the technology company’s stock, valued at approximately $8,834,000.

Several other institutional investors have also recently made changes to their positions in DELL. Wellington Management Group LLP boosted its holdings in Dell Technologies by 140.1% in the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock valued at $1,090,294,000 after purchasing an additional 1,474,347 shares during the last quarter. Bank of America Corp DE grew its position in Dell Technologies by 7.6% during the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock worth $2,362,624,000 after purchasing an additional 1,011,101 shares during the period. Robeco Institutional Asset Management B.V. grew its position in Dell Technologies by 107.8% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 651,154 shares of the technology company’s stock worth $350,288,000 after purchasing an additional 337,836 shares during the period. Renaissance Technologies LLC raised its stake in shares of Dell Technologies by 70.2% during the 1st quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company’s stock valued at $118,432,000 after buying an additional 297,500 shares during the last quarter. Finally, Quantinno Capital Management LP raised its stake in shares of Dell Technologies by 73.4% during the 1st quarter. Quantinno Capital Management LP now owns 438,347 shares of the technology company’s stock valued at $71,946,000 after buying an additional 185,527 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Stock Performance

Shares of Dell Technologies stock opened at $344.32 on Friday. The firm has a 50-day simple moving average of $493.45 and a two-hundred day simple moving average of $342.40. The company has a market cap of $218.92 billion, a P/E ratio of 19.98, a price-to-earnings-growth ratio of 0.38 and a beta of 1.45. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $595.51.

Dell Technologies (NYSE:DELL) last posted its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $4.91 by $2.13. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The business had revenue of $46.97 billion for the quarter, compared to analyst estimates of $44.89 billion. During the same period in the prior year, the company posted $1.70 EPS. The company’s revenue for the quarter 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 research analysts forecast that Dell Technologies Inc. will post 25.13 EPS for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were given a dividend of $0.63 per share. The ex-dividend date was Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a yield of 0.7%. Dell Technologies’s dividend payout ratio is currently 14.63%.

Wall Street Analyst Weigh In

DELL has been the subject of several analyst reports. KeyCorp reissued a “sector weight” rating on shares of Dell Technologies in a report on Wednesday, September 2nd. Raymond James Financial raised their target price on Dell Technologies from $500.00 to $617.00 and gave the stock an “outperform” rating in a report on Wednesday, September 2nd. Wells Fargo & Company lifted their price target on Dell Technologies from $505.00 to $545.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Melius Research boosted their price target on Dell Technologies from $650.00 to $735.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Finally, Daiwa Securities Group upped their price objective on Dell Technologies from $465.00 to $625.00 and gave the stock an “outperform” rating in a research report on Friday, September 18th. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $569.96.

Insider Buying and Selling

In other news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the company’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 completion of the transaction, 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 sale was disclosed in a filing with the SEC, which is available through this link. Also, 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 value of $42,942,324.04. Following the transaction, the director owned 73,185 shares in the company, valued at $37,861,527.90. This trade represents a 53.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 1,819,650 shares of company stock worth $991,183,596 in the last quarter. 41.50% of the stock is currently owned by company insiders.

More Dell Technologies News

These are some of the DELL news items that stood out recently:

• Positive Sentiment: Dell’s AI-server growth, record orders and substantial backlog could support continued expansion; one analysis argues a shift in who buys AI hardware may create an opportunity for the stock. Article: AI stock could be a 2027 winner
• Negative Sentiment: Investors are selling AI-hardware and server stocks amid reports of turmoil around Nvidia CEO Jensen Huang. The concerns have weighed on Dell alongside peers, despite forecasts for a large AI-server market. Article: Dell and AI hardware selloff
• Negative Sentiment: The sharp sector pullback suggests the market is reassessing AI-hardware valuations and potential exposure to Nvidia-related risks, overshadowing Dell’s demand outlook in the short term. Article: Dell’s exposure to Nvidia

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.