Diversify Wealth Management LLC Purchases Shares of 5,701 Dell Technologies Inc. $DELL

Diversify Wealth Management LLC acquired a new position in shares of Dell Technologies Inc. (NYSE:DELLFree Report) in the 1st quarter, Holdings Channel.com reports. The firm acquired 5,701 shares of the technology company’s stock, valued at approximately $936,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Commonwealth Retirement Investments LLC acquired a new stake in Dell Technologies during the 4th quarter worth approximately $25,000. Rossby Financial LCC increased its position in 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 buying an additional 184 shares during the period. Navalign LLC acquired a new stake in shares of Dell Technologies during the fourth quarter worth $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of Dell Technologies during the fourth quarter worth $29,000. Finally, WealthCollab LLC boosted its position in shares of Dell Technologies by 82.0% in the second quarter. WealthCollab LLC now owns 253 shares of the technology company’s stock valued at $31,000 after acquiring an additional 114 shares during the period. Institutional investors and hedge funds own 76.37% of the company’s stock.

Insider Transactions at Dell Technologies

In related news, Director Silver Lake Partners Iv, L.P. sold 189,805 shares of the 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 $86,928,791.95. Following the completion of the transaction, the director owned 24,287 shares of the company’s stock, valued at $11,123,203.13. This represents a 88.66% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $80,560,898.99. Following the completion of the sale, the director owned 36,659 shares in the company, valued at $16,789,455.41. This represents a 82.75% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 3,434,758 shares of company stock valued at $1,448,870,683 in the last three months. Company insiders own 41.50% of the company’s stock.

Wall Street Analyst Weigh In

DELL has been the topic of a number of recent research reports. Wolfe Research lowered shares of Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research report on Friday, May 29th. CLSA raised shares of Dell Technologies to an “outperform” rating in a report on Friday, May 29th. UBS Group set a $700.00 target price on shares of Dell Technologies in a research report on Friday, May 29th. Citigroup assumed coverage on shares of Dell Technologies in a report on Monday, June 1st. They set an “outperform” rating on the stock. Finally, Piper Sandler lifted their price target on shares of Dell Technologies from $167.00 to $497.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $492.76.

Read Our Latest Report on DELL

Dell Technologies Trading Down 5.2%

Shares of Dell Technologies stock opened at $391.41 on Friday. The company has a market cap of $253.68 billion, a PE ratio of 31.09, a price-to-earnings-growth ratio of 0.88 and a beta of 1.31. The company has a 50 day moving average of $369.95 and a 200-day moving average of $227.49. Dell Technologies Inc. has a 1-year low of $110.22 and a 1-year high of $469.47.

Dell Technologies (NYSE:DELLGet Free Report) last announced its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $35.74 billion. During the same period in the previous year, the business earned $1.55 earnings per share. The company’s 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. Research analysts forecast that Dell Technologies Inc. will post 17.74 earnings per share for the current year.

Dell Technologies Announces Dividend

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

Key Headlines Impacting Dell Technologies

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

Dell Technologies Company Profile

(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.

Featured Stories

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Institutional Ownership by Quarter for Dell Technologies (NYSE:DELL)

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