Dell Technologies Inc. $DELL Holdings Decreased by Danske Bank A S

Danske Bank A S cut its stake in Dell Technologies Inc. (NYSE:DELL) by 11.7% in the third quarter, Holdings Channel.com reports. The firm owned 460,242 shares of the technology company’s stock after selling 61,064 shares during the quarter. Danske Bank A S’s holdings in Dell Technologies were worth $247,587,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Noble Wealth Management PBC boosted its position in shares of Dell Technologies by 113.6% during the third quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock worth $25,000 after buying an additional 25 shares during the period. Dogwood Wealth Management LLC raised its position in Dell Technologies by 172.7% in the 3rd quarter. Dogwood Wealth Management LLC now owns 60 shares of the technology company’s stock valued at $32,000 after buying an additional 38 shares during the last quarter. Cornerstone Financial Management LLC raised 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. NBH Bank bought a new stake in Dell Technologies in the 3rd quarter valued at approximately $37,000. Finally, Premier Financial Group bought a new stake in Dell Technologies in the 2nd quarter valued at approximately $34,000. Institutional investors own 76.37% of the company’s stock.

Top Dell Technologies Stories

Here are a few of the latest stories about DELL:

• Neutral Sentiment: Coverage of Dell’s planned Austin campus renovation reports a $12 million project; the articles provide no clear indication of a material near-term effect on earnings. Article: Austin campus renovation
• 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

Insider Buying and Selling at Dell Technologies

In related news, Director Egon Durban sold 1,850 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were sold at an average price of $548.40, for a total value of $1,014,540.00. Following the transaction, the director directly owned 1,405,236 shares in the company, valued at approximately $770,631,422.40. This represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of the stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $586.40, for a total transaction of $1,055,520.00. Following the transaction, the director owned 1,404,569 shares in the company, valued at approximately $823,639,261.60. The trade was a 0.13% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,819,650 shares of company stock worth $991,183,596 in the last 90 days. Company insiders own 41.50% of the company’s stock.

Dell Technologies Stock Performance

NYSE:DELL traded down $26.85 during mid-day trading on Friday, hitting $344.32. The stock had a trading volume of 9,595,743 shares, compared to its average volume of 7,200,996. Dell Technologies Inc. has a twelve month low of $110.22 and a twelve month high of $595.51. The stock has a market cap of $218.92 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 0.38 and a beta of 1.45. The company’s 50 day simple moving average is $493.45 and its 200 day simple moving average is $342.40.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, topping analysts’ consensus estimates 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 net margin of 7.53% and a negative return on equity of 578.85%. The company’s revenue for the quarter was up 57.7% compared to the same quarter last year. During the same period in the previous year, the business 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. As a group, equities analysts forecast that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Tuesday, October 20th were issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.7%. The ex-dividend date of this dividend was Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is presently 14.63%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on DELL shares. Wells Fargo & Company lifted their price objective on shares of Dell Technologies from $505.00 to $545.00 and gave the company an “overweight” rating in a report on Friday, August 14th. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $625.00 target price for the company in a report on Wednesday, September 2nd. US Capital Advisors set a $625.00 target price on shares of Dell Technologies in a research report on Wednesday, September 2nd. Royal Bank Of Canada assumed coverage on shares of Dell Technologies in a research note on Thursday, September 10th. They issued an “outperform” rating and a $640.00 price target on the stock. Finally, TD Cowen boosted their price target on shares of Dell Technologies from $500.00 to $550.00 and gave the stock a “hold” rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $569.96.

Dell Technologies Company 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.