Silver Lake Partners Iv, L.P. Sells 62,403 Shares of Dell Technologies (NYSE:DELL) Stock

Dell Technologies Inc. (NYSE:DELLGet Free Report) Director Silver Lake Partners Iv, L.P. sold 62,403 shares of the business’s stock in a transaction that occurred on Thursday, June 11th. The stock was sold at an average price of $380.25, for a total transaction of $23,728,740.75. Following the completion of the sale, the director owned 57,380 shares in the company, valued at $21,818,745. The trade was a 52.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Silver Lake Partners Iv, L.P. also recently made the following trade(s):

  • On Wednesday, June 10th, Silver Lake Partners Iv, L.P. sold 71,640 shares of Dell Technologies stock. The stock was sold at an average price of $380.47, for a total transaction of $27,256,870.80.
  • On Wednesday, June 10th, Silver Lake Partners Iv, L.P. sold 46,946 shares of Dell Technologies stock. The stock was sold at an average price of $394.99, for a total transaction of $18,543,200.54.
  • On Tuesday, June 9th, Silver Lake Partners Iv, L.P. sold 26,964 shares of Dell Technologies stock. The stock was sold at an average price of $390.31, for a total transaction of $10,524,318.84.
  • On Tuesday, June 9th, Silver Lake Partners Iv, L.P. sold 5,327 shares of Dell Technologies stock. The shares were sold at an average price of $404.68, for a total transaction of $2,155,730.36.
  • On Monday, June 8th, Silver Lake Partners Iv, L.P. sold 138,885 shares of Dell Technologies stock. The shares were sold at an average price of $398.13, for a total transaction of $55,294,285.05.
  • On Friday, June 5th, Silver Lake Partners Iv, L.P. sold 89,648 shares of Dell Technologies stock. The shares were sold at an average price of $403.01, for a total transaction of $36,129,040.48.
  • On Thursday, June 4th, Silver Lake Partners Iv, L.P. sold 90,304 shares of Dell Technologies stock. The shares were sold at an average price of $424.55, for a total transaction of $38,338,563.20.
  • On Thursday, June 4th, Silver Lake Partners Iv, L.P. sold 78,425 shares of Dell Technologies stock. The shares were sold at an average price of $414.43, for a total transaction of $32,501,672.75.
  • On Wednesday, June 3rd, Silver Lake Partners Iv, L.P. sold 84,365 shares of Dell Technologies stock. The shares were sold at an average price of $422.98, for a total transaction of $35,684,707.70.
  • On Tuesday, June 2nd, Silver Lake Partners Iv, L.P. sold 176,754 shares of Dell Technologies stock. The shares were sold at an average price of $438.91, for a total transaction of $77,579,098.14.

Dell Technologies Stock Up 3.2%

Shares of DELL stock traded up $12.76 during trading hours on Monday, reaching $408.33. 7,020,201 shares of the stock traded hands, compared to its average volume of 8,771,188. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $469.47. The business has a fifty day moving average price of $269.31 and a 200 day moving average price of $181.19. The firm has a market capitalization of $263.68 billion, a PE ratio of 32.43, a PEG ratio of 0.85 and a beta of 1.30.

Dell Technologies (NYSE:DELLGet Free Report) last released its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The business had revenue of $43.84 billion for the quarter, compared to analyst estimates of $35.74 billion. During the same quarter in the previous year, the business earned $1.55 earnings per share. The firm’s revenue was up 87.5% compared to the same quarter last year. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. Research analysts expect that Dell Technologies Inc. will post 17.6 earnings per share for the current fiscal year.

Institutional Trading of Dell Technologies

Large investors have recently added to or reduced their stakes in the business. Campbell Capital Management Inc. grew its holdings in Dell Technologies by 34.0% during the 4th quarter. Campbell Capital Management Inc. now owns 80,189 shares of the technology company’s stock worth $10,094,000 after acquiring an additional 20,362 shares during the last quarter. ProShare Advisors LLC grew its holdings in Dell Technologies by 10.5% during the 4th quarter. ProShare Advisors LLC now owns 80,686 shares of the technology company’s stock worth $10,157,000 after acquiring an additional 7,642 shares during the last quarter. United Super Pty Ltd in its capacity as Trustee for the Construction & Building Unions Superannuation Fund bought a new stake in Dell Technologies during the 4th quarter worth about $23,332,000. Tectonic Advisors LLC bought a new stake in Dell Technologies during the 4th quarter worth about $5,620,000. Finally, Nordea Investment Management AB grew its holdings in Dell Technologies by 437.4% during the 4th quarter. Nordea Investment Management AB now owns 775,652 shares of the technology company’s stock worth $98,578,000 after acquiring an additional 631,315 shares during the last quarter. 76.37% of the stock is owned by institutional investors.

More Dell Technologies News

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

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. The Goldman Sachs Group upped their price objective on shares of Dell Technologies from $230.00 to $500.00 and gave the company a “buy” rating in a research note on Monday, June 1st. Barclays lowered shares of Dell Technologies from an “overweight” rating to a “reduce” rating in a research note on Friday, May 29th. Argus upped their price objective on shares of Dell Technologies from $200.00 to $460.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Wall Street Zen upgraded shares of Dell Technologies from a “buy” rating to a “strong-buy” rating in a research note on Saturday, May 30th. Finally, Royal Bank Of Canada assumed coverage on shares of Dell Technologies in a research note on Friday, May 29th. They issued an “outperform” rating on the stock. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus price target of $475.76.

Read Our Latest Analysis on Dell Technologies

About Dell Technologies

(Get Free Report)

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.

Further Reading

Insider Buying and Selling by Quarter for Dell Technologies (NYSE:DELL)

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