Dell Technologies (NYSE:DELL) Trading Down 2.1% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL)’s share price dropped 2.1% during mid-day trading on Monday . The stock traded as low as $424.00 and last traded at $432.5850. 4,332,133 shares traded hands during trading, a decline of 47% from the average session volume of 8,168,139 shares. The stock had previously closed at $442.08.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DELL shares. Sanford C. Bernstein raised their price objective on Dell Technologies from $280.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Jefferies Financial Group downgraded shares of Dell Technologies to a “hold” rating in a report on Monday, June 1st. Mizuho raised their price target on shares of Dell Technologies from $435.00 to $500.00 and gave the company an “outperform” rating in a research report on Monday, June 1st. Bank of America boosted their price target on shares of Dell Technologies from $280.00 to $500.00 and gave the stock a “buy” rating in a report on Friday, May 29th. Finally, HSBC raised shares of Dell Technologies to a “buy” rating in a research report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $496.90.

Dell Technologies Trading Down 2.1%

The stock has a market capitalization of $280.36 billion, a PE ratio of 34.36, a price-to-earnings-growth ratio of 0.92 and a beta of 1.33. The firm has a 50-day moving average price of $428.31 and a 200-day moving average price of $285.70.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings results on Thursday, May 28th. The technology company reported $4.86 earnings per share for the quarter, topping 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 company had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. During the same period in the previous year, the firm earned $1.55 EPS. The firm’s quarterly revenue was up 87.5% on a year-over-year basis. 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. Sell-side analysts expect that Dell Technologies Inc. will post 18.17 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, July 31st. Stockholders of record on Tuesday, July 21st were given a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date of this dividend was Tuesday, July 21st. Dell Technologies’s dividend payout ratio is currently 20.02%.

Insider Activity at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 68,706 shares of Dell Technologies stock in a transaction that occurred on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $31,160,919.24. Following the sale, the director owned 67,990 shares of the company’s stock, valued at approximately $30,836,184.60. The trade was a 50.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Spv-2 L.P. Sl sold 59,492 shares of the stock in a transaction on Thursday, July 9th. The shares were sold at an average price of $453.54, for a total value of $26,982,001.68. Following the transaction, the director directly owned 89,222 shares of the company’s stock, valued at approximately $40,465,745.88. This trade represents a 40.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders have sold 3,434,758 shares of company stock worth $1,448,870,683. 41.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

Large investors have recently added to or reduced their stakes in the company. Triumph Capital Management increased its stake in Dell Technologies by 2.3% in the second quarter. Triumph Capital Management now owns 1,405 shares of the technology company’s stock valued at $606,000 after purchasing an additional 32 shares during the last quarter. Accel Wealth Management boosted its stake in Dell Technologies by 2.8% in the second quarter. Accel Wealth Management now owns 1,421 shares of the technology company’s stock valued at $613,000 after acquiring an additional 39 shares in the last quarter. Ariadne Wealth Management LP boosted its stake in Dell Technologies by 1.6% in the first quarter. Ariadne Wealth Management LP now owns 3,092 shares of the technology company’s stock valued at $508,000 after acquiring an additional 49 shares in the last quarter. Bell Investment Advisors Inc grew its holdings in shares of Dell Technologies by 19.3% during the first quarter. Bell Investment Advisors Inc now owns 322 shares of the technology company’s stock worth $53,000 after purchasing an additional 52 shares during the last quarter. Finally, Vectors Research Management LLC increased its position in shares of Dell Technologies by 0.4% during the first quarter. Vectors Research Management LLC now owns 14,645 shares of the technology company’s stock worth $2,404,000 after purchasing an additional 55 shares in the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

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.