Canal Insurance CO Sells 28,700 Shares of Dell Technologies Inc. $DELL

Canal Insurance CO trimmed its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 40.4% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 42,400 shares of the technology company’s stock after selling 28,700 shares during the period. Dell Technologies comprises approximately 5.4% of Canal Insurance CO’s holdings, making the stock its 3rd biggest holding. Canal Insurance CO’s holdings in Dell Technologies were worth $22,809,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of DELL. Collective Family Office LLC grew its holdings in Dell Technologies by 1.5% during the 3rd quarter. Collective Family Office LLC now owns 1,299 shares of the technology company’s stock valued at $699,000 after buying an additional 19 shares during the last quarter. Cornerstone Financial Management LLC increased its position in Dell Technologies by 56.1% during the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock worth $28,000 after buying an additional 23 shares in the last quarter. Noble Wealth Management PBC increased its position in 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 in the last quarter. Grandview Asset Management LLC raised its holdings in shares of Dell Technologies by 4.9% in the third quarter. Grandview Asset Management LLC now owns 536 shares of the technology company’s stock worth $288,000 after acquiring an additional 25 shares during the last quarter. Finally, Retirement Wealth Solutions LLC raised its holdings in shares of Dell Technologies by 41.3% in 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 last quarter. 76.37% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the stock in a transaction dated 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 transaction, the director directly owned 64,209 shares in the company, valued at $33,217,884.06. This represents a 58.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the firm’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 $42,942,324.04. Following the completion of the sale, the director directly owned 73,185 shares in the company, valued at $37,861,527.90. This represents a 53.14% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 1,817,628 shares of company stock valued at $990,253,476. Corporate insiders own 41.50% of the company’s stock.

Dell Technologies News Roundup

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?

Analyst Ratings Changes

Several brokerages have recently issued reports on DELL. Truist Financial upped their price objective on Dell Technologies from $360.00 to $505.00 and gave the company a “hold” rating in a research report on Wednesday, September 2nd. Fox Advisors upgraded shares of Dell Technologies from an “equal weight” rating to an “overweight” rating and set a $625.00 target price on the stock in a report on Wednesday, September 2nd. Deutsche Bank Aktiengesellschaft began coverage on shares of Dell Technologies in a research note on Thursday, September 3rd. They set a “hold” rating and a $480.00 price target on the stock. Susquehanna reiterated a “positive” rating on shares of Dell Technologies in a report on Tuesday, September 29th. Finally, Melius Research boosted their price objective on shares of Dell Technologies from $650.00 to $735.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $569.96.

Dell Technologies Stock Up 1.8%

Shares of DELL stock traded up $8.34 during mid-day trading on Tuesday, hitting $463.78. 3,050,929 shares of the company’s stock were exchanged, compared to its average volume of 8,282,864. The stock has a market cap of $294.88 billion, a price-to-earnings ratio of 26.82, a PEG 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 stock has a 50-day simple moving average of $514.49 and a two-hundred day simple moving average of $396.96.

Dell Technologies (NYSE:DELL) last released its earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The firm had revenue of $46.97 billion during the quarter, compared to analyst estimates of $44.89 billion. During the same period in the prior year, the firm posted $1.70 earnings per share. The business’s quarterly revenue was up 57.7% compared to the same quarter last year. 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, analysts anticipate that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be issued a $0.63 dividend. The ex-dividend date is Tuesday, October 20th. This represents a $2.52 annualized dividend and a yield of 0.5%. Dell Technologies’s payout ratio is 14.63%.

About Dell Technologies

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.