Dell Technologies (NYSE:DELL) Trading Up 4% Following Dividend Announcement

Dell Technologies Inc. (NYSE:DELL)’s share price shot up 4% during mid-day trading on Wednesday following a dividend announcement from the company. The company traded as high as $431.76 and last traded at $420.1030. 8,516,146 shares changed hands during mid-day trading, a decline of 3% from the average session volume of 8,745,947 shares. The stock had previously closed at $404.08.

The newly announced dividend which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be given a $0.63 dividend. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, July 21st. Dell Technologies’s dividend payout ratio is presently 20.02%.

Analyst Ratings Changes

A number of brokerages have issued reports on DELL. Sanford C. Bernstein upped their price objective on shares of Dell Technologies from $280.00 to $500.00 and gave the stock an “outperform” rating in a research report on Friday, May 29th. Argus increased their target price on shares of Dell Technologies from $200.00 to $460.00 and gave the company a “buy” rating in a research report on Friday, May 29th. TD Cowen increased their target price on shares of Dell Technologies from $150.00 to $450.00 and gave the company a “hold” rating in a research report on Friday, May 29th. Zacks Research raised shares of Dell Technologies from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Finally, Bank of America increased their target price on shares of Dell Technologies from $280.00 to $500.00 and gave the company a “buy” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and an average target price of $475.76.

Dell Technologies Trading Up 4.0%

The stock’s 50-day moving average price is $273.91 and its two-hundred day moving average price is $183.09. The stock has a market capitalization of $271.28 billion, a P/E ratio of 33.37, a P/E/G ratio of 0.88 and a beta of 1.30.

Dell Technologies (NYSE:DELL) last released its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, topping the consensus estimate of $2.96 by $1.90. The company had revenue of $43.84 billion during the quarter, compared to the consensus estimate of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. Dell Technologies’s revenue for the quarter was up 87.5% on a year-over-year basis. During the same period last year, the firm earned $1.55 EPS. 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. On average, equities research analysts predict that Dell Technologies Inc. will post 17.6 earnings per share for the current year.

Trending Headlines about Dell Technologies

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

• Positive Sentiment: Dell declared a quarterly cash dividend of $0.63 per share, which reinforces capital returns to shareholders and helped support sentiment. Dell Technologies Declares Quarterly Cash Dividend
• Positive Sentiment: Several reports highlighted Dell’s AI server and data center growth, with commentary saying the market may still be underestimating Dell’s AI opportunity and momentum remains strong. Dell Stock Looks Cheap Here With Higher Analyst Forecasts – Short Put Plays Are Attractive
• Positive Sentiment: Analysts and market commentators remain constructive on DELL, including notes that Wall Street’s average recommendation is still a Buy and that the stock could have more upside if AI demand keeps scaling. Wall Street Analysts Think Dell Technologies (DELL) Is a Good Investment: Is It?
• Positive Sentiment: Dell’s federal business also received a lift from a reported $1.44 billion U.S. Air Force contract win, adding to the growth narrative around enterprise and government infrastructure spending. Dell Wins $1.44B Microsoft License Deal
• Neutral Sentiment: Dell completed a $3 billion senior notes offering, which improves financing flexibility but also adds debt, making the impact on shares less clear. Dell Technologies Completes $3 Billion Senior Notes Offering
• Negative Sentiment: Recent insider sales by multiple Dell directors, including Silver Lake-related entities, may temper enthusiasm despite being disclosed and possibly preplanned. SEC filing: Silver Lake Partners De (Aiv sale
• Negative Sentiment: One industry report warned that a memory crunch is pressuring server supply chains, which could become a headwind for Dell’s server shipments or margins. Dell, HPE server supply upended by memory crunch

Insider Buying and Selling at Dell Technologies

In related news, Director Spv-2 L.P. Sl sold 175,901 shares of the firm’s stock in a transaction that occurred on Monday, June 1st. The shares were sold at an average price of $457.99, for a total value of $80,560,898.99. Following the completion of the transaction, the director directly owned 36,659 shares of the company’s stock, valued at approximately $16,789,455.41. This trade represents a 82.75% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William F. Scannell sold 143,067 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was sold at an average price of $165.00, for a total transaction of $23,606,055.00. Following the completion of the transaction, the insider directly owned 21,779 shares of the company’s stock, valued at approximately $3,593,535. This trade represents a 86.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 4,907,857 shares of company stock valued at $1,556,603,326 in the last quarter. Corporate insiders own 41.50% of the company’s stock.

Institutional Trading of Dell Technologies

Institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth Retirement Investments LLC purchased a new stake in Dell Technologies in the 4th quarter worth approximately $25,000. Rossby Financial LCC lifted its stake in Dell Technologies by 968.4% in the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after purchasing an additional 184 shares in the last quarter. Navalign LLC purchased a new stake in Dell Technologies in the 4th quarter worth approximately $29,000. Kemnay Advisory Services Inc. purchased a new stake in Dell Technologies in the 4th quarter worth approximately $29,000. Finally, WealthCollab LLC lifted its stake in Dell Technologies by 82.0% in the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock worth $31,000 after purchasing an additional 114 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Company Profile

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.