28,700 Dell Technologies Inc. $DELL Shares Sold by Canal Insurance CO

Canal Insurance CO cut its position in shares of Dell Technologies Inc. (NYSE:DELL) by 40.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,400 shares of the technology company’s stock after selling 28,700 shares during the quarter. Dell Technologies comprises 5.4% of Canal Insurance CO’s portfolio, making the stock its 3rd biggest position. Canal Insurance CO’s holdings in Dell Technologies were worth $22,809,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Noble Wealth Management PBC lifted its stake in shares of Dell Technologies by 113.6% in 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 grew its holdings in shares of 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 during the period. Premier Financial Group acquired a new stake in Dell Technologies during the 2nd quarter worth approximately $34,000. Byrne Asset Management LLC acquired a new stake in Dell Technologies during the 2nd quarter worth approximately $38,000. Finally, Retirement Wealth Solutions LLC raised its holdings in 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. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: AI server stocks, including Dell, rallied broadly as investors rotated back into last week’s technology-market losers. The recovery suggests that concerns about AI demand may have been overstated, though debate over memory prices and profit margins continues. AI Server Stocks Rally as Last Week’s Selloff Reverses
• Positive Sentiment: Dell and Nvidia backed a $200 million funding round for AI model developer doubleAI. The investment strengthens Dell’s association with emerging AI workloads and could help support future demand for servers and related infrastructure. Nvidia, Dell back $200M round for AI model developer doubleAI
• Positive Sentiment: A broader market rebound in AI shares, together with the view that the AI buildout is still in its early stages, provided a favorable backdrop for Dell’s AI server business. Analysts cited substantial future spending on computing, networking, power and cooling infrastructure. The AI Buildout Is Only 15% Complete
• Neutral Sentiment: Dell is collaborating with PureCS to enhance cybersecurity services in the United Arab Emirates. The agreement may expand Dell’s channel and enterprise-services reach, but the near-term financial impact was not disclosed. PureCS, Dell Technologies collaborate to enhance cybersecurity services in UAE
• Negative Sentiment: Investors remain concerned that shortages of memory chips and other components could constrain Dell’s ability to fulfill AI-server demand or compress margins. With the stock’s large prior-year gain, its valuation assumes continued strong sales growth, leaving it vulnerable if supply constraints or demand expectations weaken. What Could Derail Dell Stock?

Dell Technologies Price Performance

Dell Technologies stock traded up $8.34 during midday trading on Tuesday, hitting $463.78. 3,050,929 shares of the company were exchanged, compared to its average volume of 8,282,864. The company has a market cap of $294.88 billion, a PE ratio of 26.82, a price-to-earnings-growth ratio of 0.47 and a beta of 1.37. Dell Technologies Inc. has a fifty-two week low of $110.22 and a fifty-two week high of $595.51. The company’s fifty day moving average price is $514.49 and its 200-day moving average price is $396.96.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, beating 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 company had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. During the same quarter last year, the company earned $1.70 earnings per share. Dell Technologies’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. On average, analysts expect 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 will be paid on Friday, October 30th. Stockholders of record on Tuesday, October 20th will be given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies’s payout ratio is presently 14.63%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Evercore reaffirmed an “outperform” rating and set a $650.00 price target on shares of Dell Technologies in a research report on Wednesday, September 9th. Morgan Stanley increased their price objective on shares of Dell Technologies from $499.00 to $511.00 and gave the stock an “equal weight” rating in a research report on Monday, September 21st. UBS Group reissued an “outperform” rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. Citigroup lifted their target price on shares of Dell Technologies from $515.00 to $600.00 and gave the company a “buy” rating in a report on Wednesday, September 2nd. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Dell Technologies in a report on Wednesday, August 12th. One research analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $569.96.

Insider Buying and Selling at Dell Technologies

In other news, Director Spv-2 L.P. Sl sold 83,006 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 $42,942,324.04. Following the completion of the transaction, the director directly owned 73,185 shares in the company, valued at approximately $37,861,527.90. This represents a 53.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm’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 $47,176,751.94. Following the sale, the director directly owned 64,209 shares of the company’s stock, valued at approximately $33,217,884.06. The trade was a 58.68% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 1,817,628 shares of company stock valued at $990,253,476 over the last 90 days. Insiders own 41.50% of the company’s stock.

Dell Technologies Company 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.