Dell Technologies (NYSE:DELL) Releases Quarterly Earnings Results, Beats Estimates By $1.90 EPS

Dell Technologies (NYSE:DELL) issued its quarterly earnings results on Thursday. The technology company reported $4.86 earnings per share for the quarter, topping the consensus estimate of $2.96 by $1.90, FiscalAI reports. The business had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. Dell Technologies had a net margin of 5.23% and a negative return on equity of 236.90%.

Dell Technologies Stock Up 4.2%

DELL stock traded up $12.90 during mid-day trading on Thursday, hitting $318.22. The company had a trading volume of 15,539,924 shares, compared to its average volume of 8,024,470. The company has a market capitalization of $205.49 billion, a price-to-earnings ratio of 36.49, a P/E/G ratio of 1.12 and a beta of 0.99. Dell Technologies has a 12-month low of $106.38 and a 12-month high of $327.73. The company has a 50-day moving average price of $208.08 and a 200 day moving average price of $156.33.

Key Stories Impacting Dell Technologies

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

• Positive Sentiment: Dell won a five-year, approximately $9.7 billion Pentagon/Department of Defense software contract to manage Microsoft-related software and cloud services for the U.S. military. The deal is being seen as a major revenue and credibility boost, helping drive investor optimism. CNBC article
• Positive Sentiment: The contract adds to Dell’s momentum in AI and enterprise infrastructure, reinforcing the view that demand for its servers and software-related offerings remains strong. Reuters article
• Positive Sentiment: Investors are also positioning for Dell’s upcoming earnings release, with expectations that AI server momentum and broader enterprise demand could support another strong quarter. Zacks article
• Neutral Sentiment: Several articles focused on Dell’s recent stock rally and the market’s attention on whether the company can extend its strong year-to-date run; these pieces reflect sentiment rather than new business developments. Barron’s article

Insiders Place Their Bets

In other news, CAO Richard Troy Sharp sold 1,538 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $149.26, for a total transaction of $229,561.88. Following the sale, the chief accounting officer directly owned 8,030 shares of the company’s stock, valued at $1,198,557.80. This represents a 16.07% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director V (Gp) L.L.C. Slta sold 382,000 shares of the company’s stock in a transaction that occurred on Thursday, April 16th. The stock was sold at an average price of $176.81, for a total value of $67,541,420.00. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 3,571,688 shares of company stock worth $576,654,105. 41.50% of the stock is owned by corporate insiders.

Institutional Trading of Dell Technologies

Hedge funds have recently modified their holdings of the company. Rossby Financial LCC raised its holdings in shares of Dell Technologies by 968.4% during the 4th quarter. Rossby Financial LCC now owns 203 shares of the technology company’s stock worth $26,000 after acquiring an additional 184 shares in the last quarter. Kemnay Advisory Services Inc. purchased a new stake in shares of Dell Technologies during the 4th quarter valued at about $29,000. WealthCollab LLC raised its position in shares of Dell Technologies by 82.0% during the 2nd quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after buying an additional 114 shares in the last quarter. State of Wyoming purchased a new stake in shares of Dell Technologies during the 2nd quarter valued at about $33,000. Finally, Elkhorn Partners Limited Partnership raised its position in shares of Dell Technologies by 50.0% during the 4th quarter. Elkhorn Partners Limited Partnership now owns 300 shares of the technology company’s stock valued at $38,000 after buying an additional 100 shares in the last quarter. 76.37% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

DELL has been the topic of a number of analyst reports. Bank of America lifted their price objective on Dell Technologies from $246.00 to $280.00 and gave the company a “buy” rating in a research report on Monday, May 18th. UBS Group cut Dell Technologies from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $167.00 to $243.00 in a research report on Sunday, May 10th. Daiwa Securities Group lifted their price objective on Dell Technologies from $150.00 to $170.00 and gave the company an “outperform” rating in a research report on Friday, March 6th. The Goldman Sachs Group lifted their price objective on Dell Technologies from $215.00 to $230.00 in a research report on Thursday, April 30th. Finally, Truist Financial assumed coverage on Dell Technologies in a research report on Tuesday, March 31st. They set a “hold” rating and a $170.00 price objective on the stock. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $216.05.

About Dell Technologies

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.