20,000 Dell Technologies Inc. $DELL Shares Sold by Viking Fund Management LLC

Viking Fund Management LLC trimmed its position in Dell Technologies Inc. (NYSE:DELL) by 51.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,000 shares of the technology company’s stock after selling 20,000 shares during the period. Viking Fund Management LLC’s holdings in Dell Technologies were worth $10,221,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Wellington Management Group LLP grew its holdings in shares of Dell Technologies by 140.1% during the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock worth $1,090,294,000 after buying an additional 1,474,347 shares in the last quarter. Bank of America Corp DE raised its position in Dell Technologies by 7.6% in the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock valued at $2,362,624,000 after buying an additional 1,011,101 shares during the last quarter. Auto Owners Insurance Co lifted its stake in Dell Technologies by 12,488.0% in the 4th quarter. Auto Owners Insurance Co now owns 522,024 shares of the technology company’s stock valued at $6,571,000 after acquiring an additional 517,877 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Dell Technologies by 70.2% in the 1st quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company’s stock valued at $118,432,000 after acquiring an additional 297,500 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in Dell Technologies by 73.4% during the 1st quarter. Quantinno Capital Management LP now owns 438,347 shares of the technology company’s stock worth $71,946,000 after acquiring an additional 185,527 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on DELL. Truist Financial raised their price target on shares of Dell Technologies from $360.00 to $505.00 and gave the stock a “hold” rating in a research note on Wednesday, September 2nd. The Goldman Sachs Group reiterated a “buy” rating on shares of Dell Technologies in a report on Friday, October 9th. Mizuho boosted their price objective on shares of Dell Technologies from $600.00 to $650.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 6th. Weiss Ratings restated a “buy (b)” rating on shares of Dell Technologies in a report on Wednesday, August 12th. Finally, Cantor Fitzgerald began coverage on shares of Dell Technologies in a report on Wednesday, September 2nd. They set an “overweight” rating for the company. One analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $569.96.

More Dell Technologies News

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

• Positive Sentiment: Dell is participating in Honeywell’s new Forge Cognition platform with NVIDIA, supplying technology for agentic AI applications in buildings, campuses and industrial facilities. The partnership expands Dell’s potential enterprise-AI opportunity beyond hyperscale data centers. Honeywell launches Forge Cognition with NVIDIA and Dell
• Positive Sentiment: CEO Michael Dell said AI demand could keep memory and semiconductor supplies constrained through 2029 or 2030. Persistent supply tightness could support long-term demand for Dell’s AI servers and infrastructure, although it may also increase costs. Michael Dell warns memory shortage could be a four-year problem
• Neutral Sentiment: Silver Lake-related entities disclosed multiple sales of Dell shares executed October 9 at roughly $582 per share. The transactions reduced several positions substantially, but the entities retained significant holdings and the sales may represent portfolio management rather than a change in Dell’s fundamentals. SEC ownership filing
• Negative Sentiment: Barclays downgraded Dell to Equal Weight from Overweight and set a $574 price target, citing elevated valuation and no “meaningful” enterprise-AI demand inflection yet. The downgrade triggered a sharp reassessment after Dell’s substantial rally. Dell stock plunges after Barclays downgrade
• Negative Sentiment: Investors are questioning whether Dell’s AI-server backlog reflects durable customer demand or is being amplified by higher memory and component prices. Rising costs and an AI-heavy product mix could pressure margins even if revenue remains strong. Why Dell was one of the S&P 500’s biggest laggards
• Negative Sentiment: A hotter inflation reading increased concerns about tighter Federal Reserve policy, intensifying selling across high-growth technology and AI stocks, including Dell. AI stocks drop after hot inflation report

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 business’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 transaction, the director owned 43,740 shares in the company, valued at approximately $25,469,802. The trade was a 50.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 Stock Performance

DELL opened at $506.21 on Thursday. The business’s 50-day simple moving average is $513.95 and its 200 day simple moving average is $390.78. Dell Technologies Inc. has a 52-week low of $110.22 and a 52-week high of $595.51. The firm has a market capitalization of $321.85 billion, a PE ratio of 29.38, a PEG ratio of 0.59 and a beta of 1.37.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. The firm had revenue of $46.97 billion during the quarter, compared to the consensus estimate 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 was up 57.7% compared to the same quarter last year. During the same period last year, the company earned $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 forecast that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Dividend Announcement

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 issued a $0.63 dividend. This represents a $2.52 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies’s dividend payout ratio is presently 14.63%.

Dell Technologies Profile

Dell Technologies Inc (NYSE: DELL) is a global technology company that develops, sells and supports information technology hardware, software and services. Its offerings include personal computers, workstations, monitors, accessories and other client devices, as well as enterprise infrastructure products such as servers, storage systems, networking equipment and data protection solutions.

The company also provides technology consulting, support, managed services and infrastructure solutions designed to help organizations operate data centers, private and hybrid clouds, artificial intelligence workloads and digital workplaces.