Dell Technologies (NYSE:DELL) Director Sells $76,200,000.00 in Stock

Key Points

• Dell Technologies Director Iv (Gp) L.L.C. Slta sold 600,000 shares at an average price of $127.00, totaling approximately $76.2 million.
• The company's stock advanced by 1.9%, reaching $130.14 with a market cap of $87.50 billion.
• Dell Technologies announced a quarterly dividend of $0.525 per share, with an annual yield of 1.6%, payable on October 31st.

Dell Technologies Inc. (NYSE:DELL - Get Free Report) Director Iv (Gp) L.L.C. Slta sold 600,000 shares of the stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $127.00, for a total transaction of $76,200,000.00. The sale was disclosed in a legal filing with the SEC, which is available at this link.

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

• On Thursday, July 10th, Iv (Gp) L.L.C. Slta sold 600,000 shares of Dell Technologies stock. The stock was sold at an average price of $127.56, for a total transaction of $76,536,000.00.
• On Thursday, June 26th, Iv (Gp) L.L.C. Slta sold 625,000 shares of Dell Technologies stock. The stock was sold at an average price of $126.20, for a total transaction of $78,875,000.00.

Dell Technologies Stock Performance

DELL traded up $0.55 on Friday, reaching $132.66. 2,387,214 shares of the company's stock were exchanged, compared to its average volume of 7,084,040. The company's 50 day moving average is $129.61 and its 200-day moving average is $111.67. The company has a market cap of $89.20 billion, a price-to-earnings ratio of 19.53, a PEG ratio of 0.89 and a beta of 1.01. Dell Technologies Inc. has a twelve month low of $66.25 and a twelve month high of $147.66.

Dell Technologies (NYSE:DELL - Get Free Report) last posted its earnings results on Thursday, August 28th. The technology company reported $2.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.29 by $0.03. The firm had revenue of $29.78 billion during 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 revenue was up 19.0% on a year-over-year basis. During the same quarter in the prior year, the company 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. Sell-side analysts forecast that Dell Technologies Inc. will post 6.93 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 31st. Investors of record on Tuesday, October 21st will be given a dividend of $0.525 per share. This represents a $2.10 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend is Tuesday, October 21st. Dell Technologies's dividend payout ratio is 30.88%.

Analysts Set New Price Targets

DELL has been the subject of several recent research reports. Citigroup increased their price objective on shares of Dell Technologies from $135.00 to $160.00 and gave the company a "buy" rating in a research report on Monday, August 11th. TD Cowen increased their price objective on shares of Dell Technologies from $125.00 to $130.00 and gave the company a "hold" rating in a research report on Friday, August 29th. Sanford C. Bernstein initiated coverage on shares of Dell Technologies in a research report on Monday. They issued an "outperform" rating and a $175.00 price objective for the company. Morgan Stanley increased their price objective on shares of Dell Technologies from $135.00 to $144.00 and gave the company an "overweight" rating in a research report on Thursday, August 21st. Finally, Daiwa Capital Markets increased their price objective on shares of Dell Technologies from $125.00 to $140.00 and gave the company an "outperform" rating in a research report on Thursday, September 11th. Sixteen analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus target price of $147.67.

Institutional Investors Weigh In On Dell Technologies

A number of hedge funds have recently added to or reduced their stakes in the stock. Reynders McVeigh Capital Management LLC bought a new stake in Dell Technologies in the second quarter valued at $261,000. Orion Porfolio Solutions LLC lifted its stake in Dell Technologies by 8.0% in the second quarter. Orion Porfolio Solutions LLC now owns 4,414 shares of the technology company's stock valued at $541,000 after buying an additional 327 shares during the last quarter. Stance Capital LLC increased its holdings in shares of Dell Technologies by 260.5% during the second quarter. Stance Capital LLC now owns 11,752 shares of the technology company's stock valued at $1,441,000 after purchasing an additional 8,492 shares during the period. MRP Capital Investments LLC increased its holdings in shares of Dell Technologies by 13.5% during the second quarter. MRP Capital Investments LLC now owns 17,001 shares of the technology company's stock valued at $2,084,000 after purchasing an additional 2,026 shares during the period. Finally, State of Wyoming acquired a new position in shares of Dell Technologies during the second quarter valued at $33,000. 76.37% of the stock is currently owned by institutional investors.

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).