Dell Technologies (NYSE:DELL) Director Sells $6,837,760.00 in Stock

Key Points

• Dell Technologies Director William Green sold 42,736 shares of stock on October 8th, totaling approximately $6.84 million, resulting in a significant 47.30% decrease in his position.
• The company reported $2.32 earnings per share for its most recent quarter, exceeding analysts' expectations, and had a revenue of $29.78 billion, a 19% increase year-over-year.
• Dell Technologies announced a quarterly dividend of $0.525 per share, with an upcoming ex-dividend date on October 21st, reflecting an annualized yield of 1.3%.

Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director William Green sold 42,736 shares of the business's stock in a transaction on Wednesday, October 8th. The stock was sold at an average price of $160.00, for a total transaction of $6,837,760.00. Following the transaction, the director directly owned 47,619 shares in the company, valued at $7,619,040. This trade represents a 47.30% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Dell Technologies Trading Down 5.2%

DELL opened at $156.05 on Friday. The stock has a market cap of $104.92 billion, a PE ratio of 22.95, a P/E/G ratio of 1.12 and a beta of 1.05. Dell Technologies Inc. has a 1 year low of $66.25 and a 1 year high of $166.10. The stock's 50 day simple moving average is $133.51 and its 200-day simple moving average is $116.47.

Dell Technologies (NYSE:DELL - Get Free Report) last announced its quarterly earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share for the quarter, beating analysts' consensus estimates of $2.29 by $0.03. Dell Technologies had a negative return on equity of 236.21% and a net margin of 4.73%.The firm had revenue of $29.78 billion for the quarter, compared to analysts' expectations of $29.14 billion. During the same period in the prior year, the business posted $1.89 earnings per share. The business's revenue was up 19.0% compared to the same quarter last year. Dell Technologies has set its Q3 2026 guidance at 2.450-2.450 EPS. FY 2026 guidance at 9.550-9.550 EPS. Equities analysts forecast that Dell Technologies Inc. will post 6.93 earnings per share for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 31st. Stockholders of record on Tuesday, October 21st will be paid a dividend of $0.525 per share. This represents a $2.10 annualized dividend and a dividend yield of 1.3%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio is 30.88%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Morgan Stanley upped their price target on Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research note on Thursday, August 21st. Evercore ISI upped their price objective on Dell Technologies from $150.00 to $160.00 and gave the company an "outperform" rating in a report on Friday, August 15th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Dell Technologies in a report on Wednesday. UBS Group upped their price objective on Dell Technologies from $155.00 to $186.00 and gave the company a "buy" rating in a report on Wednesday. Finally, Sanford C. Bernstein upped their price objective on Dell Technologies from $175.00 to $180.00 and gave the company an "outperform" rating in a report on Wednesday. Seventeen investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $160.53.

Institutional Trading of Dell Technologies

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. lifted its position in shares of Dell Technologies by 4.1% in the first quarter. Vanguard Group Inc. now owns 29,106,218 shares of the technology company's stock valued at $2,653,032,000 after buying an additional 1,145,658 shares during the last quarter. State Street Corp lifted its holdings in Dell Technologies by 2.1% during the 2nd quarter. State Street Corp now owns 14,099,317 shares of the technology company's stock worth $1,728,576,000 after purchasing an additional 292,167 shares during the last quarter. Boston Partners lifted its holdings in Dell Technologies by 15.0% during the 2nd quarter. Boston Partners now owns 5,904,843 shares of the technology company's stock worth $725,586,000 after purchasing an additional 771,966 shares during the last quarter. Norges Bank acquired a new stake in Dell Technologies during the 2nd quarter worth approximately $528,279,000. Finally, Deutsche Bank AG lifted its holdings in Dell Technologies by 38.1% during the 1st quarter. Deutsche Bank AG now owns 4,141,618 shares of the technology company's stock worth $377,508,000 after purchasing an additional 1,142,012 shares during the last quarter. 76.37% of the stock is owned by institutional investors and hedge funds.

Dell Technologies Company Profile

Dell Technologies Inc designs, develops, manufactures, markets, sells, and supports various comprehensive and integrated solutions, products, and services in the Americas, Europe, the Middle East, Asia, and internationally. The company operates through two segments, Infrastructure Solutions Group (ISG) and Client Solutions Group (CSG).

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