Dell Technologies (NYSE:DELL) Stock Falls 1.7% - Here's What Happened

Key Points

• Dell shares fell 1.7% in mid-day trading to about $575.88, with trading volume 37% below the average session level.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus rating and an average price target of $571.12, despite mixed individual targets. Dell also reported quarterly revenue growth of 57.7% and EPS of $7.04, well above estimates.
• Dell declared a quarterly dividend of $0.63 per share, while insiders sold approximately $920.2 million of stock over the past three months.

Dell Technologies Inc. (NYSE:DELL - Get Free Report)'s stock price fell 1.7% during mid-day trading on Monday. The company traded as low as $565.00 and last traded at $575.8750. 5,228,588 shares were traded during mid-day trading, a decline of 37% from the average session volume of 8,270,015 shares. The stock had previously closed at $586.06.

Analysts Set New Price Targets

DELL has been the subject of several recent analyst reports. Barclays increased their price target on Dell Technologies from $550.00 to $603.00 and gave the stock an "overweight" rating in a report on Wednesday, September 2nd. Truist Financial lifted 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. Cantor Fitzgerald began coverage on Dell Technologies in a research report on Wednesday, September 2nd. They issued an "overweight" rating for the company. UBS Group reissued an "outperform" rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. Finally, Piper Sandler reissued an "overweight" rating and set a $558.00 target price (up from $497.00) on shares of Dell Technologies in a research note on Wednesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, twenty-seven have assigned a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, Dell Technologies has an average rating of "Moderate Buy" and a consensus price target of $571.12.

Dell Technologies Stock Performance

The stock has a 50-day moving average of $508.07 and a 200-day moving average of $382.90. The firm has a market cap of $366.15 billion, a price-to-earnings ratio of 33.42, a price-to-earnings-growth ratio of 0.61 and a beta of 1.37.

Dell Technologies (NYSE:DELL - Get Free Report) last released its earnings results on Tuesday, September 1st. The technology company reported $7.04 EPS for the quarter, beating the consensus estimate of $4.91 by $2.13. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The firm had revenue of $46.97 billion for the quarter, compared to analysts' expectations of $44.89 billion. During the same quarter in the previous year, the business posted $1.70 EPS. The business's quarterly revenue was up 57.7% compared to the same quarter last year. 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. Sell-side analysts predict that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, October 30th. Investors of record on Tuesday, October 20th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.4%. The ex-dividend date is Tuesday, October 20th. Dell Technologies's dividend payout ratio is presently 14.63%.

Insider Activity at Dell Technologies

In other Dell Technologies news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the firm's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total value of $47,176,751.94. Following the completion of the transaction, the director directly owned 64,209 shares in the company, valued at $33,217,884.06. This trade represents a 58.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Spv-2 L.P. Sl sold 83,006 shares of the business's stock in a transaction that occurred on Thursday, September 3rd. The stock was sold at an average price of $517.34, for a total value of $42,942,324.04. Following the transaction, the director directly owned 73,185 shares in the company, valued at $37,861,527.90. This trade represents a 53.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,697,272 shares of company stock valued at $920,162,797 over the last three months. Insiders own 41.50% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of America Corp DE boosted its stake in shares of Dell Technologies by 7.6% during the first quarter. Bank of America Corp DE now owns 14,394,835 shares of the technology company's stock valued at $2,362,624,000 after purchasing an additional 1,011,101 shares in the last quarter. Wellington Management Group LLP raised its stake in Dell Technologies by 140.1% in the second quarter. Wellington Management Group LLP now owns 2,526,987 shares of the technology company's stock worth $1,090,294,000 after buying an additional 1,474,347 shares in the last quarter. NewEdge Advisors LLC raised its stake in Dell Technologies by 5.0% in the second quarter. NewEdge Advisors LLC now owns 480,589 shares of the technology company's stock worth $207,355,000 after buying an additional 22,924 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in Dell Technologies by 3.0% during the first quarter. Dimensional Fund Advisors LP now owns 961,675 shares of the technology company's stock worth $157,869,000 after buying an additional 27,668 shares during the period. Finally, Swiss National Bank lifted its holdings in Dell Technologies by 4.7% during the first quarter. Swiss National Bank now owns 931,008 shares of the technology company's stock worth $152,806,000 after buying an additional 41,700 shares during the period. Institutional investors own 76.37% of the company's stock.

About Dell Technologies

Dell Technologies Inc NYSE: DELL is a global technology company that develops, sells and supports information technology hardware, software and services. Its offerings include personal computers, workstations, monitors, accessories and other client devices, as well as enterprise infrastructure products such as servers, storage systems, networking equipment and data protection solutions.

The company also provides technology consulting, support, managed services and infrastructure solutions designed to help organizations operate data centers, private and hybrid clouds, artificial intelligence workloads and digital workplaces.

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