Dell Technologies (NYSE:DELL) Stock Price Down 7.2% – Here’s Why

Dell Technologies Inc. (NYSE:DELL)’s share price was down 7.2% during trading on Friday. The company traded as low as $330.42 and last traded at $344.3230. Approximately 9,541,730 shares were traded during mid-day trading, an increase of 16% from the average daily volume of 8,220,732 shares. The stock had previously closed at $371.17.

Dell Technologies News Summary

Investors following DELL have been watching these news items:

• Positive Sentiment: The University of Alabama plans to establish a high-performance computing center using Dell HPC, AI and data infrastructure, providing a customer deployment that highlights demand for Dell’s solutions. Article: Dell infrastructure deployment at the University of Alabama
• Negative Sentiment: Investors are selling AI-hardware and server stocks amid reports of turmoil around Nvidia CEO Jensen Huang. The concerns have weighed on Dell alongside peers, despite forecasts for a large AI-server market. Article: Dell and AI hardware selloff
• Negative Sentiment: The sharp sector pullback suggests the market is reassessing AI-hardware valuations and potential exposure to Nvidia-related risks, overshadowing Dell’s demand outlook in the short term. Article: Dell’s exposure to Nvidia

Analyst Ratings Changes

DELL has been the topic of a number of research reports. KeyCorp restated a “sector weight” rating on shares of Dell Technologies in a research note on Wednesday, September 2nd. US Capital Advisors set a $625.00 price target on Dell Technologies in a report on Wednesday, September 2nd. The Goldman Sachs Group reaffirmed a “buy” rating on shares of Dell Technologies in a research note on Friday, October 9th. Morgan Stanley raised their price objective on Dell Technologies from $499.00 to $511.00 and gave the company an “equal weight” rating in a research note on Monday, September 21st. Finally, Royal Bank Of Canada started coverage on shares of Dell Technologies in a research note on Thursday, September 10th. They issued an “outperform” rating and a $640.00 price objective for the company. One investment analyst has rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and nine have given a Hold rating to the stock. Based on data from MarketBeat, Dell Technologies presently has a consensus rating of “Moderate Buy” and a consensus target price of $569.96.

Dell Technologies Price Performance

The company has a market capitalization of $218.92 billion, a PE ratio of 19.98, a price-to-earnings-growth ratio of 0.39 and a beta of 1.45. The company’s fifty day moving average is $496.81 and its 200-day moving average is $341.25.

Dell Technologies (NYSE:DELL) last issued its quarterly earnings data on Tuesday, September 1st. The technology company reported $7.04 earnings per share for the quarter, beating analysts’ consensus estimates of $4.91 by $2.13. The company had revenue of $46.97 billion for the quarter, compared to the consensus estimate of $44.89 billion. Dell Technologies had a negative return on equity of 578.85% and a net margin of 7.53%. The firm’s revenue for the quarter was up 57.7% compared to the same quarter last year. During the same quarter last year, the company earned $1.70 earnings per share. 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. Equities research analysts forecast that Dell Technologies Inc. will post 25.13 EPS for the current fiscal year.

Dell Technologies Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, October 30th. Shareholders of record on Tuesday, October 20th were paid a $0.63 dividend. The ex-dividend date was Tuesday, October 20th. This represents a $2.52 dividend on an annualized basis and a yield of 0.7%. Dell Technologies’s dividend payout ratio (DPR) is 14.63%.

Insider Buying and Selling at Dell Technologies

In other news, Director Silver Lake Partners Iv, L.P. sold 91,191 shares of the business’s stock in a transaction dated 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 owned 64,209 shares of the company’s stock, valued at $33,217,884.06. The trade was a 58.68% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Spv-2 L.P. Sl sold 83,006 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 transaction of $42,942,324.04. Following the sale, the director directly owned 73,185 shares in the company, valued at $37,861,527.90. The trade was a 53.14% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 1,819,650 shares of company stock worth $991,183,596. 41.50% of the stock is owned by insiders.

Hedge Funds Weigh In On Dell Technologies

A number of large investors have recently bought and sold shares of the business. State Board of Administration of Florida Retirement System raised its position in Dell Technologies by 5.8% during the third quarter. State Board of Administration of Florida Retirement System now owns 276,901 shares of the technology company’s stock worth $148,959,000 after acquiring an additional 15,216 shares during the last quarter. 49 Wealth Management LLC lifted its holdings in shares of Dell Technologies by 540.7% during the 3rd quarter. 49 Wealth Management LLC now owns 4,049 shares of the technology company’s stock worth $2,178,000 after acquiring an additional 3,417 shares during the period. Sonoma Allocations LLC grew its stake in shares of Dell Technologies by 50.7% during the 3rd quarter. Sonoma Allocations LLC now owns 1,505 shares of the technology company’s stock valued at $852,000 after buying an additional 506 shares during the period. Southeast Asset Advisors LLC lifted its stake in shares of Dell Technologies by 12.8% in the 3rd quarter. Southeast Asset Advisors LLC now owns 1,748 shares of the technology company’s stock valued at $940,000 after purchasing an additional 198 shares in the last quarter. Finally, Pinnbrook Capital Management LP purchased a new stake in Dell Technologies during the third quarter worth approximately $7,709,000. Institutional investors and hedge funds own 76.37% of the company’s stock.

About Dell Technologies

Dell Technologies is a global technology company that develops, sells and supports computers and related infrastructure. Its products include personal computers, workstations, monitors and peripherals, as well as servers, storage systems and networking equipment for businesses and other organizations. The company also provides technology services and solutions, including support, consulting and offerings related to cloud computing, data management and cybersecurity. Dell serves consumers, businesses, governments and other institutions in markets around the world.