Dell Technologies (NYSE:DELL) Stock Price Down 7.7% – What’s Next?

Dell Technologies Inc. (NYSE:DELL) shares fell 7.7% during mid-day trading on Monday. The company traded as low as $391.25 and last traded at $391.7370. Approximately 6,436,573 shares changed hands during mid-day trading, a decline of 21% from the average session volume of 8,194,189 shares. The stock had previously closed at $424.30.

Analyst Upgrades and Downgrades

A number of research firms have commented on DELL. Morgan Stanley boosted their price target on shares of Dell Technologies from $499.00 to $511.00 and gave the stock an “equal weight” rating in a research report on Monday, September 21st. Piper Sandler reiterated an “overweight” rating and issued a $558.00 price objective (up from $497.00) on shares of Dell Technologies in a report on Wednesday, September 2nd. Citigroup boosted their target price on Dell Technologies from $515.00 to $600.00 and gave the stock a “buy” rating in a report on Wednesday, September 2nd. The Goldman Sachs Group reissued a “buy” rating on shares of Dell Technologies in a research note on Friday, October 9th. Finally, Truist Financial upped their price objective on Dell Technologies from $360.00 to $505.00 and gave the company a “hold” rating in a report on Wednesday, September 2nd. One equities research analyst has rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $569.96.

Dell Technologies Trading Down 7.7%

The business has a 50-day moving average price of $513.74 and a 200 day moving average price of $330.29. The company has a market cap of $249.07 billion, a price-to-earnings ratio of 22.74, a P/E/G ratio of 0.44 and a beta of 1.45.

Dell Technologies (NYSE:DELL) last issued its earnings results on Tuesday, September 1st. The technology company reported $7.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.91 by $2.13. The business had revenue of $46.97 billion for the quarter, compared to analysts’ expectations of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The company’s quarterly revenue was up 57.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.70 EPS. 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, analysts anticipate that Dell Technologies Inc. will post 25.13 earnings per share for the current year.

Dell Technologies Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, October 30th. Investors of record on Tuesday, October 20th were paid a $0.63 dividend. The ex-dividend date of this dividend was Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a yield of 0.6%. Dell Technologies’s dividend payout ratio (DPR) is currently 14.63%.

Insider Activity

In other news, Director Egon Durban sold 1,850 shares of Dell Technologies stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $548.40, for a total value of $1,014,540.00. Following the transaction, the director directly owned 1,405,236 shares of the company’s stock, valued at $770,631,422.40. This trade represents a 0.13% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Silver Lake Partners Iv, L.P. sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, October 9th. The shares were sold at an average price of $586.40, for a total transaction of $1,055,520.00. Following the sale, the director owned 1,404,569 shares in the company, valued at $823,639,261.60. This represents a 0.13% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders have sold 1,819,650 shares of company stock worth $991,183,596. 41.50% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dell Technologies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Plato Investment Management Ltd purchased a new position in Dell Technologies in the 2nd quarter worth approximately $5,913,000. Kercheville Advisors LLC boosted its stake in Dell Technologies by 13.6% during the 3rd quarter. Kercheville Advisors LLC now owns 18,800 shares of the technology company’s stock valued at $10,113,000 after purchasing an additional 2,250 shares during the last quarter. Gabelli Funds LLC increased its holdings in shares of Dell Technologies by 49.0% in the 1st quarter. Gabelli Funds LLC now owns 46,094 shares of the technology company’s stock worth $7,565,000 after purchasing an additional 15,150 shares in the last quarter. Segall Bryant & Hamill LLC purchased a new position in shares of Dell Technologies in the first quarter worth $5,930,000. Finally, Jackson Square Capital LLC lifted its holdings in shares of Dell Technologies by 15.1% during the third quarter. Jackson Square Capital LLC now owns 17,115 shares of the technology company’s stock valued at $9,207,000 after purchasing an additional 2,243 shares in the last quarter. 76.37% of the stock is currently owned by hedge funds and other institutional investors.

Dell Technologies Company Profile

Dell Technologies Inc is a global technology company that develops, sells and supports information technology hardware, software and services. Its portfolio includes personal computers, workstations, monitors, peripherals and other end-user devices, as well as servers, storage systems, networking equipment and related infrastructure solutions for businesses, governments and other organizations.

The company also provides consulting, deployment, support, managed and cybersecurity services designed to help customers build and operate their technology environments.