16,422 Shares of Dell Technologies Inc. $DELL Acquired by Cornerstone Advisors LLC

Cornerstone Advisors LLC purchased a new stake in Dell Technologies Inc. (NYSE:DELL) during the third quarter, according to its most recent 13F filing with the SEC. The firm purchased 16,422 shares of the technology company’s stock, valued at approximately $8,834,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of DELL. Collective Family Office LLC raised its stake in shares of Dell Technologies by 1.5% during the 3rd quarter. Collective Family Office LLC now owns 1,299 shares of the technology company’s stock worth $699,000 after acquiring an additional 19 shares in the last quarter. North Star Investment Management Corp. boosted its stake in Dell Technologies by 0.3% in the third quarter. North Star Investment Management Corp. now owns 6,992 shares of the technology company’s stock valued at $3,761,000 after acquiring an additional 21 shares in the last quarter. Cornerstone Financial Management LLC grew its holdings in Dell Technologies by 56.1% in the second 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 last quarter. Beaumont Financial Advisors LLC grew its holdings in Dell Technologies by 0.3% in the third quarter. Beaumont Financial Advisors LLC now owns 8,713 shares of the technology company’s stock worth $4,687,000 after purchasing an additional 24 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in shares of Dell Technologies by 5.4% during the third quarter. Blue Bell Private Wealth Management LLC now owns 469 shares of the technology company’s stock worth $252,000 after purchasing an additional 24 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Activity at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of the stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $586.40, for a total value of $1,055,520.00. Following the transaction, the director directly owned 1,404,569 shares of the company’s stock, valued at approximately $823,639,261.60. This represents a 0.13% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Spv-2 L.P. Sl sold 44,408 shares of the firm’s stock in a transaction dated Friday, October 9th. The stock was sold at an average price of $582.30, for a total value of $25,858,778.40. Following the completion of the transaction, the director owned 43,740 shares of the company’s stock, valued at approximately $25,469,802. The trade was a 50.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 1,819,650 shares of company stock worth $991,183,596 in the last quarter. 41.50% of the stock is owned by insiders.

Latest Dell Technologies News

Here’s some of the latest news about DELL:

• Positive Sentiment: Dell’s AI-server growth, record orders and substantial backlog could support continued expansion; one analysis argues a shift in who buys AI hardware may create an opportunity for the stock. Article: AI stock could be a 2027 winner
• Positive Sentiment: The University of Alabama plans to establish a high-performance computing center using Dell HPC, AI and data infrastructure, providing a customer deployment that highlights demand for Dell’s solutions. Article: Dell infrastructure deployment at the University of Alabama
• 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

Dell Technologies Trading Down 7.2%

Shares of Dell Technologies stock opened at $344.32 on Friday. The firm’s 50 day simple moving average is $493.45 and its two-hundred day simple moving average is $342.40. The firm has a market capitalization of $218.92 billion, a price-to-earnings ratio of 19.98, a PEG ratio of 0.38 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 posted its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, topping the consensus estimate of $4.91 by $2.13. The business had revenue of $46.97 billion during the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a net margin of 7.53% and a negative return on equity of 578.85%. The business’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 firm 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. On average, sell-side analysts predict 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 was paid on Friday, October 30th. Investors of record on Tuesday, October 20th were paid a $0.63 dividend. The ex-dividend date was Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a yield of 0.7%. Dell Technologies’s dividend payout ratio (DPR) is 14.63%.

Analyst Ratings Changes

Several brokerages have recently commented on DELL. KeyCorp reiterated a “sector weight” rating on shares of Dell Technologies in a report on Wednesday, September 2nd. The Goldman Sachs Group restated a “buy” rating on shares of Dell Technologies in a research note on Friday, October 9th. Piper Sandler reaffirmed an “overweight” rating and set a $558.00 target price (up from $497.00) on shares of Dell Technologies in a research report on Wednesday, September 2nd. Evercore reiterated an “outperform” rating and issued a $650.00 price target on shares of Dell Technologies in a research note on Wednesday, September 9th. Finally, Susquehanna reissued a “positive” rating on shares of Dell Technologies in a 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. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $569.96.

Dell Technologies 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.