Dell Technologies Inc. $DELL Stock Bought by Provenance Wealth Advisors LLC

Provenance Wealth Advisors LLC lifted its stake in shares of Dell Technologies Inc. (NYSE:DELL) by 409.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,961 shares of the technology company’s stock after buying an additional 3,988 shares during the quarter. Provenance Wealth Advisors LLC’s holdings in Dell Technologies were worth $2,669,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Noble Wealth Management PBC raised its stake in Dell Technologies by 113.6% during the 3rd quarter. Noble Wealth Management PBC now owns 47 shares of the technology company’s stock worth $25,000 after acquiring an additional 25 shares in the last quarter. Cornerstone Financial Management LLC lifted its position in Dell Technologies by 56.1% in the second quarter. Cornerstone Financial Management LLC now owns 64 shares of the technology company’s stock valued at $28,000 after acquiring an additional 23 shares during the last quarter. Premier Financial Group purchased a new stake in Dell Technologies in the second quarter valued at $34,000. Byrne Asset Management LLC acquired a new position in Dell Technologies in the second quarter valued at $38,000. Finally, Atwood & Palmer Inc. boosted its stake in Dell Technologies by 860.0% in the second quarter. Atwood & Palmer Inc. now owns 96 shares of the technology company’s stock valued at $41,000 after acquiring an additional 86 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies News Roundup

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

• Positive Sentiment: Dell introduced cybersecurity and resilience capabilities for AI environments, including quantum-safe encryption and identity-resilience tools. The offerings aim to address security needs for customers running critical AI workloads. Dell Technologies Unveiled New Cybersecurity Tools For AI Environments
• Positive Sentiment: Dell and CrowdStrike announced integrated security for Dell’s AI Factory with NVIDIA, extending CrowdStrike protection across AI infrastructure, workloads, agents, and applications. The partnership could strengthen Dell’s enterprise AI offering. CrowdStrike and Dell Announce Integrated AI Security
• Positive Sentiment: AI-server stocks bounced after a steep decline, lifting Dell alongside peers. Another report described Dell as a relatively inexpensive AI stock, citing a forward earnings multiple of about 13 times; this may have encouraged bargain-seeking investors. AI Server Stocks Bounce Dell: A Top Cheap AI Stock
• Neutral Sentiment: A separate analysis highlighted Dell’s revenue growth, free-cash-flow generation, and reported $95 billion backlog as potential longer-term supports, though these points have not removed near-term concerns about demand and margins. Dell Technologies vs. Intel
• Negative Sentiment: Recent weakness reflects worries that rising memory prices and tight supply could constrain PC demand. An investor cited Dell’s sharply higher inventory as evidence that chip supply may be catching up with demand, while a trading article noted the stock had recently reached a two-month low. Dell Inventory and Chip Supply Bearish Dell Options Trade

Insider Activity at Dell Technologies

In related news, Director Spv-2 L.P. Sl sold 44,408 shares of the firm’s stock in a transaction dated Friday, October 9th. The shares were sold at an average price of $582.30, for a total value of $25,858,778.40. Following the completion of the sale, the director owned 43,740 shares in the company, valued at $25,469,802. This trade represents a 50.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Lynn Vojvodich Radakovich sold 2,022 shares of the business’s stock in a transaction dated Thursday, October 22nd. The stock was sold at an average price of $460.00, for a total transaction of $930,120.00. Following the sale, the director directly owned 25,686 shares in the company, valued at approximately $11,815,560. This represents a 7.30% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 1,819,650 shares of company stock worth $991,183,596. 41.50% of the stock is currently owned by insiders.

Dell Technologies Trading Up 3.9%

Shares of DELL stock opened at $408.18 on Wednesday. The stock has a 50 day simple moving average of $512.25 and a 200-day simple moving average of $333.10. The company has a market cap of $259.53 billion, a price-to-earnings ratio of 23.69, a price-to-earnings-growth ratio of 0.41 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 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. 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 for the quarter, compared to the consensus estimate of $44.89 billion. During the same period in the previous year, the business earned $1.70 earnings per share. 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. On average, equities analysts forecast that Dell Technologies Inc. will post 25.13 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. The ex-dividend date was Tuesday, October 20th. Dell Technologies’s payout ratio is presently 14.63%.

Analysts Set New Price Targets

Several research analysts have commented on DELL shares. Wells Fargo & Company lifted their price target on Dell Technologies from $505.00 to $545.00 and gave the stock an “overweight” rating in a research report on Friday, August 14th. Deutsche Bank Aktiengesellschaft initiated coverage on Dell Technologies in a report on Thursday, September 3rd. They issued a “hold” rating and a $480.00 price objective for the company. Citigroup raised their target price on shares of Dell Technologies from $515.00 to $600.00 and gave the stock a “buy” rating in a research report on Wednesday, September 2nd. Daiwa Securities Group lifted their target price on shares of Dell Technologies from $465.00 to $625.00 and gave the company an “outperform” rating in a report on Friday, September 18th. Finally, Susquehanna reiterated a “positive” rating on shares of Dell Technologies in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $569.96.

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.