Dell Technologies Inc. $DELL Stock Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its holdings in shares of Dell Technologies Inc. (NYSE:DELL) by 5.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 285,066 shares of the technology company’s stock after selling 16,222 shares during the quarter. Pictet Asset Management Holding SA’s holdings in Dell Technologies were worth $153,357,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Bank of America Corp DE boosted its stake 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 worth $2,362,624,000 after purchasing an additional 1,011,101 shares during the period. Wellington Management Group LLP grew its stake in Dell Technologies by 140.1% in the 2nd 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. Robeco Institutional Asset Management B.V. increased its stake in Dell Technologies by 107.8% in the third quarter. Robeco Institutional Asset Management B.V. now owns 651,154 shares of the technology company’s stock valued at $350,288,000 after acquiring an additional 337,836 shares during the last quarter. NewEdge Advisors LLC increased its position in shares of Dell Technologies by 5.0% during the 2nd quarter. NewEdge Advisors LLC now owns 480,589 shares of the technology company’s stock valued at $207,355,000 after purchasing an additional 22,924 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Dell Technologies by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company’s stock valued at $157,869,000 after acquiring an additional 27,668 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the company. JPMorgan Chase & Co. lifted their price objective on Dell Technologies from $565.00 to $635.00 and gave the stock an “overweight” rating in a report on Wednesday, September 2nd. Citigroup upped their price objective on shares of Dell Technologies from $515.00 to $600.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. Morgan Stanley raised their target price on Dell Technologies from $499.00 to $511.00 and gave the company an “equal weight” rating in a research note on Monday, September 21st. Wells Fargo & Company lifted their price target on shares of Dell Technologies from $505.00 to $545.00 and gave the company an “overweight” rating in a research report on Friday, August 14th. Finally, Evercore reissued an “outperform” rating and issued a $650.00 target price on shares of Dell Technologies in a report on Wednesday, September 9th. One 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 company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $569.96.

Key Dell Technologies News

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

• Positive Sentiment: Investors bought AI-hardware stocks back after recent steep losses. Reports point to record AI backlogs and steady earnings expectations, while Dell and Nvidia’s strong revenue growth suggests demand has not yet broadly weakened. Article: AI server stocks rebound Article: Dell vs. Nvidia
• Neutral Sentiment: The rebound follows a sell-off that hit Dell and other AI-server makers particularly hard, so recent volatility remains elevated. Article: Dell sinks as tech sell-off deepens
• Negative Sentiment: Investors remain concerned that political changes could slow data-center construction and curb AI-infrastructure spending. Memory-supply pressures and potential execution risks—including cash needs and debt across the AI-server sector—could also weigh on sentiment if the rebound fades. Article: AI sell-off and data-center concerns Article: AI hardware sell-off risks

Dell Technologies Trading Up 0.1%

DELL opened at $329.02 on Monday. The company’s 50 day moving average is $504.83 and its 200 day moving average is $336.43. The company has a market cap of $209.19 billion, a price-to-earnings ratio of 19.10, a PEG ratio of 0.34 and a beta of 1.45. Dell Technologies Inc. has a 12-month low of $110.22 and a 12-month high of $595.51.

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 analysts’ consensus estimates 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 firm had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. During the same quarter in the previous year, the firm posted $1.70 EPS. The company’s revenue for the quarter 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 predict that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Tuesday, October 20th. Dell Technologies’s dividend payout ratio is presently 14.63%.

Insider Buying and Selling at Dell Technologies

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 91,191 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 transaction of $47,176,751.94. Following the completion of the sale, the director directly owned 64,209 shares of the company’s stock, valued at $33,217,884.06. This trade represents a 58.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Spv-2 L.P. Sl sold 83,006 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 $42,942,324.04. Following the transaction, the director directly owned 73,185 shares of the company’s stock, valued at $37,861,527.90. The trade was a 53.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,819,650 shares of company stock valued at $991,183,596 in the last ninety days. 41.50% of the stock is currently owned by insiders.

About Dell Technologies

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.

Founded by Michael Dell in 1984, the company is headquartered in Round Rock, Texas.