Verity & Verity 13F: Cuts Dell Technologies (DELL) Stake by $13M
Key Points
- Verity & Verity reduced its Dell Technologies Inc. holdings by 23,613 shares to finish with 161,054 shares valued at $86.63 million.
- Dell Technologies Inc. trades with a trailing twelve-month EPS of $17.20 and upcoming earnings slated for late November 2026.
- Wall Street analysts hold a consensus buy rating on the computer hardware company with a mean price target of $593.00.
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Verity & Verity reduced its stake in Dell Technologies Inc. (NYSE:DELL) by 12.78% during the period, according to a Form 13F filing with the Securities and Exchange Commission on October 23, 2026. The institutional investor sold 23,613 shares of the computer hardware company, bringing its total ownership to 161,054 shares. The remaining investment carried a reported value of $86,638,999.00 at the time of the filing. Dell closed at $456.44 on the filing date.
DELL
Dell Technologies Inc.
Other Institutional Activity in Dell Technologies Inc.
Other institutional players also adjusted their portfolios around the same reporting date. BSN Capital Partners completely closed out its position in Dell Technologies Inc., selling all 40,786 of its shares to drop its stake to zero.
Dell Technologies Inc. Stock Down 6.0%
Dell shares recently traded around $456.54 as of October 24, 2026, sitting roughly flat compared to the previous day's close. The stock changes hands about 11.1% below its 50-day moving average of $513.63, while remaining about 42.3% above its 200-day moving average of $320.77. Over the past 52 weeks, the company's shares have traded as low as $110.22 and as high as $595.51.
Recent Earnings
Dell reported trailing twelve-month revenue of $151.19 billion alongside $17.20 in earnings per share. The company operates through its Infrastructure Solutions Group and Client Solutions Group segments from its headquarters in Round Rock, Texas. The next quarterly earnings report is scheduled for November 27, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
12 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 62.1%. Revenue beat estimates by 21.3%.
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Profit surprise
EBITDA beat by 10 percent. Operating income beat by 32 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
2 upgrades, 12 target raises.
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Earnings quality
Gross margin down 3.4 points. Operating margin up 3.4 points. Positive free cash flow.
Earnings Call Summary
Dell had a strong quarter with record revenue of twenty nine point eight billion dollars, up nineteen percent, driven by exceptional AI server demand. They shipped eight point two billion dollars in AI servers and have an eleven point seven billion dollar backlog. Management expects margins to improve in the second half as the AI business scales and traditional server and storage mix improves, while operating expenses continue declining.
Guidance Dell raised full year revenue guidance to one hundred seven billion dollars, up twelve percent. They now expect AI server shipments of twenty billion dollars for the year, up five billion from prior guidance. Third quarter revenue should reach twenty seven billion dollars, up eleven percent. They expect full year earnings per share of nine dollars and fifty five cents, up seventeen percent.
Clearly positive report. Results were better than expected, though the forward reset is not the strongest.
Dividend
Dell distributes an annual dividend of $2.52 per share, translating to a dividend yield of 0.56%. The company's dividend payout ratio stands at 13.4% of earnings.
Insider Buying and Selling at Dell Technologies Inc.
Several large insiders executed stock sales prior to the filing. L.P. Silver Lake Technology Investors V sold 450 shares valued at $262,040 on October 9, 2026. L.P. Silver Lake Technology Investors IV disposed of 996 shares worth $579,972 on the same day. L.P. Sl Spv-2 sold 44,408 shares for a total of $25,858,975, and L.P. Silver Lake Partners V de Aiv sold 25,494 shares valued at $14,845,272.
Analysts Set New Price Targets
Analyst firms adjusted coverage on Dell heading through September and October 2026. On September 10, RBC Capital initiated coverage with an outperform rating and a $640.00 price target. Morgan Stanley maintained an equal-weight rating on September 21 while raising its target from $499.00 to $511.00. TD Cowen kept a hold rating on September 29 while lifting its target to $550.00 from $500.00. Mizuho maintained an outperform rating on October 6 and bumped its target to $650.00 from $600.00. Later, on October 14, Barclays downgraded the stock to equal-weight and lowered its target to $574.00 from $603.00. Across the broader street, analysts maintain a consensus buy recommendation with a mean target price of $593.00 across 25 analyst opinions.
About Dell Technologies Inc.
Dell Technologies Inc. designs, manufactures, and supports a broad range of computer hardware, software, and integrated technology solutions for customers worldwide. The company serves enterprise clients and individual consumers through its hardware and infrastructure divisions.
Bottom Line
Verity & Verity's decision to trim its stake reflects ongoing portfolio adjustments by major holders. Investors will look toward the upcoming earnings release on November 27, 2026, for further updates on hardware demand and profit margins.
Related Filing Alerts
Source: Verity & Verity's 13F filing on $DELL (Oct 23, 2026). 13F filings show holdings as of the end of the reporting quarter and may not reflect the fund's current position. Written by software, not financial advice. How we make alerts