Dell Technologies (NYSE:DELL) Trading 2.2% Higher – Time to Buy?

Shares of Dell Technologies Inc. (NYSE:DELL) were up 2.2% during trading on Monday . The stock traded as high as $444.00 and last traded at $418.3850. Approximately 6,957,343 shares traded hands during mid-day trading, a decline of 21% from the average session volume of 8,790,341 shares. The stock had previously closed at $409.50.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on DELL shares. William Blair started coverage on shares of Dell Technologies in a report on Monday, June 1st. They issued a “neutral” rating for the company. Barclays lowered Dell Technologies from an “overweight” rating to a “reduce” rating in a report on Friday, May 29th. Jefferies Financial Group cut Dell Technologies to a “hold” rating in a research report on Monday, June 1st. Bank of America upped their price objective on Dell Technologies from $280.00 to $500.00 and gave the company a “buy” rating in a research note on Friday, May 29th. Finally, CLSA upgraded Dell Technologies to an “outperform” rating in a research note on Friday, May 29th. One analyst has rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $475.76.

Dell Technologies Price Performance

The company has a market capitalization of $271.16 billion, a price-to-earnings ratio of 33.23, a price-to-earnings-growth ratio of 0.88 and a beta of 1.30. The firm’s 50-day simple moving average is $288.00 and its two-hundred day simple moving average is $189.02.

Dell Technologies (NYSE:DELL) last issued 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. The firm had revenue of $43.84 billion for the quarter, compared to analysts’ expectations of $35.74 billion. Dell Technologies had a net margin of 6.28% and a negative return on equity of 366.90%. The firm’s revenue was up 87.5% on a year-over-year basis. During the same period in the prior year, the company earned $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. On average, analysts expect that Dell Technologies Inc. will post 17.6 EPS for the current fiscal year.

Dell Technologies Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 31st. Shareholders of record on Tuesday, July 21st will be paid a $0.63 dividend. 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%.

Insiders Place Their Bets

In other news, Director David W. Dorman sold 41,292 shares of the company’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $405.89, for a total transaction of $16,760,009.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Silver Lake Partners Iv, L.P. sold 39,537 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $403.12, for a total value of $15,938,155.44. Following the sale, the director owned 69,916 shares of the company’s stock, valued at $28,184,537.92. This represents a 36.12% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 3,873,252 shares of company stock valued at $1,391,926,654. 41.50% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dell Technologies

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Dell Technologies by 4.5% in the 4th quarter. Vanguard Group Inc. now owns 31,441,451 shares of the technology company’s stock worth $3,957,850,000 after acquiring an additional 1,355,841 shares during the period. State Street Corp grew its position in Dell Technologies by 1.8% in the fourth quarter. State Street Corp now owns 14,715,998 shares of the technology company’s stock valued at $1,852,450,000 after acquiring an additional 265,740 shares in the last quarter. Bank of America Corp DE raised 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 during the period. Geode Capital Management LLC lifted its position in shares of Dell Technologies by 1.5% during the fourth quarter. Geode Capital Management LLC now owns 7,478,732 shares of the technology company’s stock worth $939,808,000 after purchasing an additional 108,011 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Dell Technologies by 50.4% in the fourth quarter. Invesco Ltd. now owns 7,301,008 shares of the technology company’s stock valued at $919,051,000 after purchasing an additional 2,445,854 shares during the period. 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.