Dell Technologies (NYSE:DELL) Stock Price Down 1.7% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL) dropped 1.7% on Monday. The company traded as low as $565.00 and last traded at $575.8750. 5,228,588 shares traded hands during trading, a decline of 37% from the average session volume of 8,270,015 shares. The stock had previously closed at $586.06.

Analyst Ratings Changes

DELL has been the topic of a number of recent research reports. TD Cowen raised their price objective on Dell Technologies from $500.00 to $550.00 and gave the company a “hold” rating in a research report on Tuesday, September 29th. Truist Financial boosted their target price on shares of Dell Technologies from $360.00 to $505.00 and gave the stock a “hold” rating in a report on Wednesday, September 2nd. Barclays increased their price target on shares of Dell Technologies from $550.00 to $603.00 and gave the company an “overweight” rating in a research report on Wednesday, September 2nd. Weiss Ratings restated a “buy (b)” rating on shares of Dell Technologies in a report on Wednesday, August 12th. Finally, Raymond James Financial lifted their price objective on shares of Dell Technologies from $500.00 to $617.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 2nd. One investment analyst has rated the stock with a Strong Buy rating, twenty-seven have issued a Buy rating and eight have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $571.12.

Dell Technologies Stock Performance

The stock has a market cap of $366.15 billion, a PE ratio of 33.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.37. The firm has a fifty day moving average price of $508.07 and a 200 day moving average price of $382.90.

Dell Technologies (NYSE:DELL) last announced its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, topping the consensus estimate 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 EPS. The firm’s revenue for the quarter was up 57.7% on a year-over-year basis. 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 research analysts forecast that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th will be issued a $0.63 dividend. This represents a $2.52 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Tuesday, October 20th. Dell Technologies’s dividend payout ratio (DPR) is currently 14.63%.

Insider Buying and Selling at Dell Technologies

In related news, Director Lynn Vojvodich Radakovich sold 2,022 shares of the stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $565.28, for a total value of $1,142,996.16. Following the completion of the transaction, the director directly owned 25,267 shares of the company’s stock, valued at $14,282,929.76. This trade represents a 7.41% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Silver Lake Partners V. De (Aiv sold 26,539 shares of Dell Technologies stock in a transaction that occurred on Tuesday, October 6th. The stock was sold at an average price of $575.43, for a total transaction of $15,271,336.77. Following the completion of the sale, the director owned 11,567 shares of the company’s stock, valued at $6,655,998.81. This trade represents a 69.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 1,697,272 shares of company stock valued at $920,162,797. Insiders own 41.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the stock. Wellington Management Group LLP grew its holdings in shares of Dell Technologies by 140.1% during the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company’s stock valued at $1,090,294,000 after buying an additional 1,474,347 shares during the last quarter. Bank of America Corp DE raised its stake in Dell Technologies by 7.6% in the 1st quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company’s stock worth $2,362,624,000 after acquiring an additional 1,011,101 shares during the last quarter. Auto Owners Insurance Co raised its stake in Dell Technologies by 12,488.0% in the 4th quarter. Auto Owners Insurance Co now owns 522,024 shares of the technology company’s stock worth $6,571,000 after acquiring an additional 517,877 shares during the last quarter. Renaissance Technologies LLC lifted its position in Dell Technologies by 70.2% during the 1st quarter. Renaissance Technologies LLC now owns 721,577 shares of the technology company’s stock worth $118,432,000 after acquiring an additional 297,500 shares during the period. Finally, Quantinno Capital Management LP lifted its position in Dell Technologies by 73.4% during the 1st quarter. Quantinno Capital Management LP now owns 438,347 shares of the technology company’s stock worth $71,946,000 after acquiring an additional 185,527 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Dell Technologies Company Profile

Dell Technologies Inc (NYSE: DELL) is a global technology company that develops, sells and supports information technology hardware, software and services. Its offerings include personal computers, workstations, monitors, accessories and other client devices, as well as enterprise infrastructure products such as servers, storage systems, networking equipment and data protection solutions.

The company also provides technology consulting, support, managed services and infrastructure solutions designed to help organizations operate data centers, private and hybrid clouds, artificial intelligence workloads and digital workplaces.