Dell Technologies (NYSE:DELL) Trading Down 1.8% After Insider Selling

Dell Technologies Inc. (NYSE:DELL)’s share price dropped 1.8% on Monday following insider selling activity. The company traded as low as $418.53 and last traded at $427.24. Approximately 4,541,641 shares changed hands during mid-day trading, a decline of 48% from the average session volume of 8,651,605 shares. The stock had previously closed at $434.97.

Specifically, Director Silver Lake Partners V. De (Aiv sold 37,003 shares of the firm’s stock in a transaction on Wednesday, July 8th. The stock was sold at an average price of $427.15, for a total transaction of $15,805,831.45. Following the completion of the transaction, the director owned 29,840 shares of the company’s stock, valued at approximately $12,746,156. This trade represents a 55.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Silver Lake Partners Iv, L.P. sold 72,854 shares of the company’s stock in a transaction dated Wednesday, July 8th. The stock was sold at an average price of $427.15, for a total transaction of $31,119,586.10. Following the completion of the sale, the director directly owned 46,192 shares in the company, valued at $19,730,912.80. This represents a 61.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In related news, Director Spv-2 L.P. Sl sold 63,095 shares of the stock in a transaction dated Wednesday, July 8th. The shares were sold at an average price of $427.15, for a total value of $26,951,029.25. Following the completion of the transaction, the director directly owned 60,551 shares in the company, valued at $25,864,359.65. This trade represents a 51.03% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Wall Street Analysts Forecast Growth

DELL has been the topic of several research reports. HSBC raised shares of Dell Technologies to a “buy” rating in a research note on Friday, May 29th. Wolfe Research downgraded Dell Technologies from a “peer perform” rating to a “peer perform” rating in a research note on Friday, May 29th. Loop Capital raised their price objective on Dell Technologies from $150.00 to $550.00 and gave the company a “buy” rating in a research report on Friday, May 29th. Raymond James Financial cut Dell Technologies from an “outperform” rating to a “market perform” rating in a research note on Friday, May 29th. Finally, Wells Fargo & Company increased their target price on Dell Technologies from $270.00 to $505.00 and gave the stock an “overweight” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty have given a Buy rating, ten have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $492.76.

Dell Technologies Trading Down 1.8%

The company has a market capitalization of $276.90 billion, a PE ratio of 33.93, a price-to-earnings-growth ratio of 0.93 and a beta of 1.31. The business’s fifty day moving average is $354.07 and its two-hundred day moving average is $219.22.

Dell Technologies (NYSE:DELL) last issued its earnings results on Thursday, May 28th. The technology company reported $4.86 EPS for the quarter, beating the consensus estimate of $2.96 by $1.90. The business had revenue of $43.84 billion for the quarter, compared to the consensus estimate of $35.74 billion. Dell Technologies had a negative return on equity of 366.90% and a net margin of 6.28%.The company’s revenue was up 87.5% compared to the same quarter last year. During the same period last year, the business posted $1.55 EPS. 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. As a group, equities research analysts anticipate that Dell Technologies Inc. will post 17.74 EPS for the current year.

Dell Technologies Dividend Announcement

The firm also recently disclosed 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. The ex-dividend date of this dividend is Tuesday, July 21st. This represents a $2.52 annualized dividend and a dividend yield of 0.6%. Dell Technologies’s dividend payout ratio (DPR) is 20.02%.

Hedge Funds Weigh In On Dell Technologies

A number of hedge funds have recently bought and sold shares of DELL. Brighton Jones LLC lifted its stake in Dell Technologies by 42.7% during the 4th quarter. Brighton Jones LLC now owns 3,011 shares of the technology company’s stock valued at $347,000 after acquiring an additional 901 shares during the period. Sivia Capital Partners LLC bought a new stake in shares of Dell Technologies in the second quarter worth approximately $328,000. Marshall Wace LLP purchased a new position in shares of Dell Technologies during the second quarter valued at approximately $809,000. Gamco Investors INC. ET AL lifted its position in Dell Technologies by 30.2% during the second quarter. Gamco Investors INC. ET AL now owns 6,680 shares of the technology company’s stock valued at $819,000 after purchasing an additional 1,550 shares during the period. Finally, NewEdge Advisors LLC boosted its holdings in Dell Technologies by 147.2% in the second quarter. NewEdge Advisors LLC now owns 58,009 shares of the technology company’s stock worth $7,112,000 after purchasing an additional 34,538 shares during the last quarter. Hedge funds and other institutional investors own 76.37% of the company’s stock.

Dell Technologies Company Profile

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.