Dell Technologies Inc. $DELL Stock: Jacobi Capital Management LLC Boosts Position

Jacobi Capital Management LLC raised its position in Dell Technologies Inc. (NYSE:DELL) by 51.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 11,428 shares of the technology company’s stock after purchasing an additional 3,894 shares during the period. Jacobi Capital Management LLC’s holdings in Dell Technologies were worth $6,148,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DELL. Wellington Management Group LLP raised its stake in shares of Dell Technologies by 140.1% during 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 during the last quarter. Bank of America Corp DE boosted its position in shares of 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 buying an additional 1,011,101 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in Dell Technologies by 107.8% in the 3rd 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. Renaissance Technologies LLC grew 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 during the last quarter. Finally, Quantinno Capital Management LP increased its holdings 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 valued at $71,946,000 after acquiring an additional 185,527 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Insider Buying and Selling at Dell Technologies

In related news, Director Lynn Vojvodich Radakovich sold 2,022 shares of the firm’s stock in a transaction that occurred on Thursday, October 22nd. The shares were sold at an average price of $460.00, for a total transaction of $930,120.00. Following the sale, the director owned 25,686 shares in the company, valued at approximately $11,815,560. This trade represents a 7.30% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of Dell Technologies stock in a transaction that occurred on Friday, October 9th. The stock was sold at an average price of $586.40, for a total transaction of $1,055,520.00. Following the completion of the sale, the director directly owned 1,404,569 shares of the company’s stock, valued at $823,639,261.60. The trade was a 0.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 1,819,650 shares of company stock valued at $991,183,596. Corporate insiders own 41.50% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Truist Financial lifted their target price on shares of Dell Technologies from $360.00 to $505.00 and gave the stock a “hold” rating in a research report on Wednesday, September 2nd. Piper Sandler reiterated an “overweight” rating and issued a $558.00 price target (up from $497.00) on shares of Dell Technologies in a research report on Wednesday, September 2nd. UBS Group reiterated an “outperform” rating on shares of Dell Technologies in a research report on Wednesday, September 2nd. Raymond James Financial raised their price objective on shares of Dell Technologies from $500.00 to $617.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 2nd. Finally, Deutsche Bank began coverage on Dell Technologies in a research report on Thursday, September 3rd. They set a “hold” rating and a $480.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and nine have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $569.96.

Key Headlines Impacting Dell Technologies

Here are a few of the latest headlines about DELL:

• Positive Sentiment: CoreWeave’s stronger-than-expected results and higher revenue guidance, alongside a higher floor for its 2026 capital spending plan, renewed expectations for AI infrastructure demand. That is a favorable read-through for Dell’s reported $95 billion AI-server backlog. Article: Dell Stocks Jump as CoreWeave’s Bigger Spending Plan Revives AI Server Bets
• Positive Sentiment: A broader technology and AI-server stock rebound also supported Dell shares after a steep recent sell-off. Article: Dell Jumps as AI Server Stocks Rebound
• Negative Sentiment: Recent weakness has also reflected analyst downgrade pressure, concerns about PC shipments and memory costs, and fears that Texas data-center restrictions could weigh on AI infrastructure growth. These issues remain risks despite the rebound. Article: Dell Falls as Downgrade Pressure and Weak PC Demand Concerns Weigh on Sentiment

Dell Technologies Stock Up 12.1%

DELL opened at $374.67 on Thursday. The firm has a market cap of $238.22 billion, a P/E ratio of 21.75, a PEG ratio of 0.35 and a beta of 1.45. The business’s fifty day simple moving average is $499.22 and its 200 day simple moving average is $339.97. Dell Technologies Inc. has a 52 week low of $110.22 and a 52 week high of $595.51.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share 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 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 company posted $1.70 EPS. The firm’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. As a group, equities analysts expect 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. Stockholders of record on Tuesday, October 20th were issued a dividend of $0.63 per share. The ex-dividend date was Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.7%. Dell Technologies’s payout ratio is 14.63%.

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.