Dell Technologies (NYSE:DELL) Trading Down 5.6% After Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s share price dropped 5.6% on Thursday after an insider sold shares in the company. The company traded as low as $391.05 and last traded at $409.54. 11,097,381 shares were traded during mid-day trading, an increase of 26% from the average daily volume of 8,774,864 shares. The stock had previously closed at $434.06.

Specifically, Director Lynn Vojvodich Radakovich sold 12,022 shares of the company’s stock in a transaction dated Monday, June 22nd. The stock was sold at an average price of $421.00, for a total value of $5,061,262.00. Following the completion of the sale, the director owned 25,267 shares of the company’s stock, valued at $10,637,407. This represents a 32.24% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on DELL. Mizuho raised their target price on Dell Technologies from $435.00 to $500.00 and gave the company an “outperform” rating in a research note on Monday, June 1st. Guggenheim raised shares of Dell Technologies to a “buy” rating in a report on Monday, June 1st. Piper Sandler boosted their price objective on Dell Technologies from $167.00 to $497.00 and gave the company an “overweight” rating in a research report on Friday, May 29th. Sanford C. Bernstein boosted their target price on shares of Dell Technologies from $280.00 to $500.00 and gave the company an “outperform” rating in a research note on Friday, May 29th. Finally, Roth Mkm started coverage on Dell Technologies in a report on Friday, May 29th. They set a “buy” rating on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eleven have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Dell Technologies has a consensus rating of “Moderate Buy” and a consensus price target of $490.38.

Dell Technologies News Roundup

Here are the key news stories impacting Dell Technologies this week:

• Negative Sentiment: GF Securities downgraded Dell to Hold, citing stretched valuation and rising market-share risks ahead of 2027, which pressured the stock. Dell (DELL) Shares Tumble Over 5% Following Analyst Downgrade to Hold
• Negative Sentiment: Reports that Dell terminated its enterprise computing distribution agreement with Arrow may raise near-term concerns about channel disruption and sales execution. Dell Technologies Terminates Enterprise Computing Distribution Deal With Arrow: Sources
• Negative Sentiment: Additional market commentary tied the decline to a broader reassessment of Dell’s rich AI-driven rally, with investors questioning how much upside is left after the recent run. Dell Technologies (DELL) Stock After 240% YTD Rally Is There Further Upside Potential

Dell Technologies Stock Performance

The firm has a 50 day moving average price of $302.60 and a two-hundred day moving average price of $195.16. The firm has a market capitalization of $265.43 billion, a P/E ratio of 32.53, a price-to-earnings-growth ratio of 0.92 and a beta of 1.30.

Dell Technologies (NYSE:DELL) last posted its quarterly earnings data on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating analysts’ consensus estimates of $2.96 by $1.90. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The company had revenue of $43.84 billion during the quarter, compared to analyst estimates of $35.74 billion. During the same period in the prior year, the firm earned $1.55 earnings per share. The business’s quarterly revenue was up 87.5% on a year-over-year basis. Dell Technologies has set its FY 2027 guidance at 17.900-17.900 EPS and its Q2 2027 guidance at 4.800-4.800 EPS. Equities research analysts forecast that Dell Technologies Inc. will post 17.6 earnings per share for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 31st. Investors of record on Tuesday, July 21st will be given a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Tuesday, July 21st. Dell Technologies’s payout ratio is presently 20.02%.

Hedge Funds Weigh In On Dell Technologies

Large investors have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Dell Technologies in the fourth quarter worth about $607,349,000. Wellington Management Group LLP grew its stake in shares of Dell Technologies by 4,279.1% in the third quarter. Wellington Management Group LLP now owns 3,005,776 shares of the technology company’s stock worth $426,129,000 after acquiring an additional 2,937,137 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Dell Technologies by 50.4% during the 4th quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock worth $919,051,000 after purchasing an additional 2,445,854 shares during the period. Michael & Susan Dell Foundation raised its holdings in Dell Technologies by 533.3% in the 4th quarter. Michael & Susan Dell Foundation now owns 2,682,335 shares of the technology company’s stock valued at $337,652,000 after acquiring an additional 2,258,797 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of Dell Technologies by 541.9% in the third quarter. Franklin Resources Inc. now owns 1,996,557 shares of the technology company’s stock valued at $283,052,000 after purchasing an additional 1,685,529 shares in the last quarter. Institutional investors and hedge funds own 76.37% of the company’s stock.

About Dell Technologies

Dell Technologies Inc is a multinational technology company that designs, manufactures and sells a broad range of information technology products, solutions and services. Its offerings span client computing devices (consumer and commercial laptops and desktops), enterprise infrastructure (servers, storage systems and networking equipment), software and cloud infrastructure, and a variety of professional services such as IT consulting, deployment, managed services and financing solutions. The company serves organizations of all sizes as well as individual consumers, with products and services aimed at enabling digital transformation and modern IT environments.

Founded by Michael Dell in 1984, the company grew from a direct-to-consumer PC business into a diversified IT provider through organic expansion and strategic acquisitions.