Dell Technologies (NYSE:DELL) Director V (Gp) L.L.C. Slta Sells 327,827 Shares

Key Points

• Dell Technologies director V (Gp) L.L.C. Slta sold a total of 327,827 shares on October 7, reducing their ownership by 99.98% and resulting in a transaction worth approximately $49.67 million.
• The company reported earnings of $2.32 per share for the last quarter, surpassing analysts' estimates and leading to a 19.0% increase in quarterly revenue compared to the previous year.
• Dell Technologies has announced a quarterly dividend of $0.525 per share, which will be paid to stockholders on October 31, 2023, reflecting an annualized dividend yield of 1.3%.

Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director V (Gp) L.L.C. Slta sold 327,827 shares of the stock in a transaction dated Tuesday, October 7th. The stock was sold at an average price of $151.51, for a total transaction of $49,669,068.77. Following the completion of the sale, the director directly owned 69 shares in the company, valued at approximately $10,454.19. The trade was a 99.98% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

V (Gp) L.L.C. Slta also recently made the following trade(s):

• On Monday, October 6th, V (Gp) L.L.C. Slta sold 509,191 shares of Dell Technologies stock. The shares were sold at an average price of $146.12, for a total transaction of $74,402,988.92.
• On Tuesday, October 7th, V (Gp) L.L.C. Slta sold 152,918 shares of Dell Technologies stock. The shares were sold at an average price of $148.46, for a total transaction of $22,702,206.28.
• On Monday, October 6th, V (Gp) L.L.C. Slta sold 809 shares of Dell Technologies stock. The shares were sold at an average price of $149.09, for a total transaction of $120,613.81.
• On Tuesday, October 7th, V (Gp) L.L.C. Slta sold 19,256 shares of Dell Technologies stock. The shares were sold at an average price of $154.21, for a total transaction of $2,969,467.76.
• On Wednesday, October 1st, V (Gp) L.L.C. Slta sold 292,351 shares of Dell Technologies stock. The stock was sold at an average price of $146.03, for a total transaction of $42,692,016.53.
• On Thursday, October 2nd, V (Gp) L.L.C. Slta sold 2,220 shares of Dell Technologies stock. The stock was sold at an average price of $146.07, for a total transaction of $324,275.40.
• On Wednesday, October 1st, V (Gp) L.L.C. Slta sold 217,649 shares of Dell Technologies stock. The stock was sold at an average price of $147.09, for a total transaction of $32,013,991.41.
• On Thursday, September 25th, V (Gp) L.L.C. Slta sold 12,481 shares of Dell Technologies stock. The stock was sold at an average price of $130.62, for a total transaction of $1,630,268.22.
• On Thursday, September 18th, V (Gp) L.L.C. Slta sold 565,000 shares of Dell Technologies stock. The stock was sold at an average price of $132.32, for a total transaction of $74,760,800.00.
• On Thursday, July 17th, V (Gp) L.L.C. Slta sold 6,086 shares of Dell Technologies stock. The stock was sold at an average price of $123.50, for a total transaction of $751,621.00.

Dell Technologies Price Performance

Dell Technologies stock traded up $13.64 during mid-day trading on Wednesday, reaching $164.51. 18,908,589 shares of the company traded hands, compared to its average volume of 7,248,765. The firm's 50 day moving average price is $132.43 and its 200 day moving average price is $115.74. The firm has a market capitalization of $110.61 billion, a price-to-earnings ratio of 24.19, a P/E/G ratio of 1.00 and a beta of 1.05. Dell Technologies Inc. has a 52-week low of $66.25 and a 52-week high of $166.10.

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

Dell Technologies Announces Dividend

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

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Mizuho upped their price target on shares of Dell Technologies from $160.00 to $170.00 and gave the stock an "outperform" rating in a research note on Wednesday. TD Cowen upped their price target on shares of Dell Technologies from $125.00 to $130.00 and gave the stock a "hold" rating in a research note on Friday, August 29th. Wall Street Zen upgraded shares of Dell Technologies from a "hold" rating to a "buy" rating in a research note on Saturday, September 13th. Raymond James Financial upped their price target on shares of Dell Technologies from $150.00 to $152.00 and gave the stock an "outperform" rating in a research note on Friday, August 29th. Finally, JPMorgan Chase & Co. upped their target price on shares of Dell Technologies from $145.00 to $165.00 and gave the company an "overweight" rating in a research note on Wednesday. Sixteen research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $157.22.

Institutional Investors Weigh In On Dell Technologies

Several hedge funds and other institutional investors have recently made changes to their positions in DELL. Smallwood Wealth Investment Management LLC purchased a new stake in shares of Dell Technologies during the 1st quarter valued at about $25,000. Winnow Wealth LLC purchased a new stake in shares of Dell Technologies during the 2nd quarter valued at about $25,000. N.E.W. Advisory Services LLC purchased a new stake in Dell Technologies in the 1st quarter worth approximately $26,000. Cheviot Value Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth approximately $27,000. Finally, Flaharty Asset Management LLC purchased a new stake in Dell Technologies in the 1st quarter worth approximately $27,000. Hedge funds and other institutional investors own 76.37% of the company's stock.

About Dell Technologies

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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