Dell Technologies (NYSE:DELL) Shares Down 2.3% – Here’s What Happened

Dell Technologies Inc. (NYSE:DELL)’s share price traded down 2.3% during trading on Monday . The stock traded as low as $469.05 and last traded at $479.68. Approximately 5,255,395 shares traded hands during trading, a decline of 36% from the average session volume of 8,274,138 shares. The stock had previously closed at $490.81.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on DELL. Truist Financial upped their target price on shares of Dell Technologies from $170.00 to $360.00 and gave the stock a “hold” rating in a research report on Friday, May 29th. TD Cowen boosted their price objective on shares of Dell Technologies from $150.00 to $450.00 and gave the stock a “hold” rating in a research note on Friday, May 29th. Susquehanna set a $289.00 price objective on shares of Dell Technologies and gave the stock a “neutral” rating in a report on Friday, May 29th. Jefferies Financial Group downgraded shares of Dell Technologies to a “hold” rating in a research note on Monday, June 1st. Finally, Piper Sandler lifted their target price on shares of Dell Technologies from $167.00 to $497.00 and gave the company an “overweight” rating in a report on Friday, May 29th. One equities research analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $494.33.

Dell Technologies Stock Down 2.3%

The stock has a market cap of $310.89 billion, a PE ratio of 38.10, a PEG ratio of 1.03 and a beta of 1.33. The stock’s fifty day moving average price is $421.83 and its 200 day moving average price is $273.89.

Dell Technologies (NYSE:DELL) last announced its quarterly earnings data 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. The company had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The firm’s revenue for the quarter was up 87.5% on a year-over-year basis. During the same period in the previous year, the business 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 expect that Dell Technologies Inc. will post 18.17 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 31st. Stockholders of record on Tuesday, July 21st were issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend was Tuesday, July 21st. Dell Technologies’s dividend payout ratio is presently 20.02%.

Insiders Place Their Bets

In other Dell Technologies news, Director Lake Group L.L.C. Silver sold 16,679 shares of the company’s stock in a transaction dated Friday, June 26th. The shares were sold at an average price of $396.37, for a total transaction of $6,611,055.23. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Spv-2 L.P. Sl sold 59,492 shares of Dell Technologies stock in a transaction that occurred on Thursday, July 9th. The stock was sold at an average price of $453.54, for a total transaction of $26,982,001.68. Following the completion of the sale, the director owned 89,222 shares of the company’s stock, valued at $40,465,745.88. This represents a 40.00% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 3,434,758 shares of company stock valued at $1,448,870,683. 41.50% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in shares of Dell Technologies by 42.7% in the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock worth $347,000 after buying an additional 901 shares during the last quarter. Sivia Capital Partners LLC bought a new position in Dell Technologies in the second quarter valued at about $328,000. Marshall Wace LLP purchased a new position in Dell Technologies in the second quarter worth about $809,000. Gamco Investors INC. ET AL grew its stake in shares of Dell Technologies by 30.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock valued at $819,000 after purchasing an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC increased its position in shares of Dell Technologies by 147.2% during the 2nd quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock valued at $7,112,000 after purchasing an additional 34,538 shares during the last quarter. 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.